Waverly, MI Real Estate

According to census data in the year 2000 there were 7,115 housing units in Waverly. This represents a 8.1% growth from 6,582 in 1990.

Of those housing units, 7,115 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Waverly is about 60.9%. Waverly's vacancy rate, including seasonal lodging, is about 3.7%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Waverly were built after 1973.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom15.90%
Two Bedrooms26.10%
Three Bedrooms35.70%
Four Bedrooms18.70%
Five Bedrooms or more2.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1971
Median Value of occupied units$127,800
Median Price asked for vacant units$106,600

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1975
Median Monthly Rent asked for vacant units$606

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage6.70%
Home Equity Loan8.60%
Simple Mortgage58.20%
Debt Free25.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%