January's First-Time Homebuyer Report for Waverly

The population of Waverly is less affluent than average compared to others in Virginia with a median income of $40,748 per household. It's also considered a less expensive city in terms of affordability with a cost of living adjustment score of 92.6. Waverly is made up of homes that are relatively old with a median of 39 years. Heading the list of top schools in the city is Moyock Elementary School.

Culture

If you are interested in the good places to eat in Waverly, Foursquare says that McDonald's and Hardee's are the most popular restaurants.

Price Range

Homes in Waverly are generally less expensive than others in the state with a median home value of $104,500 and an average list price of $80,212. Home sales in the Waverly market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 50.0% to one home sold over the last 30 days.

Curious as to which homes have been getting the most attention in Waverly? These listings have stirred up interest and produced the most views:

$167K   $109K   $167K  

Typical Dwelling

A three-bedroom detached home valued around $75,084 is considered a typical dwelling in Waverly. If a buyer was looking for a similar home, they would need good credit and a $15,017 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $112 and the property tax rate is $5.31 per $1,000 of taxable assessed value.

Get started right now by checking out Waverly homes for sale or reviewing Waverly real estate trends.


Data reported through 1/12/2017

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