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Advertise here →Waverly, MI · Market Data
Waverly, Michigan real estate market data.
Real estate market data for Waverly, MI (Eaton County) — Census median home value $222,300, county listing prices up about 5.8% over the past year.
Waverly, MI is in Eaton County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 23,301, with a median household income of $75,868. Census data puts Waverly's median home value at $222,300 (all owner-occupied homes); Eaton County's current median listing price runs $317,225, up about 5.8% over the past year.
At a glance
Waverly market snapshot
Population
23,301
Median Household Income
$75,868
Median Home Value (city)
$222,300
Median Listing Price (Eaton County)
$317,225
Median Gross Rent
$1,125/mo
Price Trend (YoY)
+5.8%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Waverly different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Waverly's median home value — across all owner-occupied homes, not just recent sales — at $222,300. Separately, Eaton County's current median listing price (via Realtor.com data, 2026-06-01) runs $317,225. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Eaton County's FHFA house price index shows a 4.03% annual change in 2025.
Population & Income
Waverly has an estimated population of 23,301 and a median household income of $75,868, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Waverly's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Waverly FAQ
What are home values like in Waverly, MI?
The Census Bureau's American Community Survey puts Waverly's median home value at $222,300. Eaton County's current median listing price runs $317,225, up about 5.8% over the past year.
What is the population of Waverly, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Waverly's population at approximately 23,301.
What's the median rent in Waverly, MI?
The Census ACS estimates median gross rent in Waverly at approximately $1,125 per month.
What is the median household income in Waverly, MI?
Census ACS data puts the median household income in Waverly at approximately $75,868.
Is the Waverly housing market growing?
Eaton County's FHFA house price index shows a 4.03% annual change in 2025.
Is Waverly, MI affordable relative to income?
Census ACS data puts Waverly's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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