Waverly, VA housing market
The typical Waverly home is worth about $200,000, up 3% in a year, 52% below the Virginia typical home.
Home values, sales, trends and how Waverly compares with the towns next door — updated as new data is published.
Waverly at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Waverly | Virginia |
|---|---|---|
| 2017 | $131,000 | $253,000 |
| 2018 | $128,000 | $263,000 |
| 2019 | $126,000 | $271,000 |
| 2020 | $135,000 | $284,000 |
| 2021 | $143,000 | $311,000 |
| 2022 | $160,000 | $345,000 |
| 2023 | $192,000 | $367,000 |
| 2024 | $197,000 | $386,000 |
| 2025 | $201,000 | $405,000 |
| 2026 | $196,000 | $411,000 |
| August 2026 | $200,000 | $415,000 |
4 years of income
The typical Waverly home costs about 4 years of the town's median household income, less than across Virginia (4.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,540
HUD's Fair Market Rent for a two-bedroom in Waverly is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Waverly pay a median of $836, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,340 · 4 bedrooms $2,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23890; Richmond, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.