Housing data for Waverly, MI
Waverly, MI has an estimated 23,575 residents and 11,742 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Eaton County.
44.3% of households rent.
The median gross rent is $1,170 a month.
Figures last updated on .
- Residents
- 23,575 (±712)
- Housing units
- 11,742 (±400)
- Households that rent
- 44.3%
- Median gross rent
- $1,170
- Residents since 2015–2019
- −2.6%
What stands out in Waverly
Homes in buildings of 5 or more units: 37.1% (±3.7 points) in Waverly, higher than in Eaton County (17.0%).
Households that rent: 44.3% (±2.9 points) in Waverly, higher than in Eaton County (25.8%).
Median real estate taxes: $3,668 (±$97) in Waverly, higher than in Eaton County ($3,067).
Households that moved in since 2020: 25.7% (±2.9 points) in Waverly, higher than in Eaton County (20.3%).
- Types of homes in Waverly
- Renters and owners in Waverly
- Property taxes in Waverly
- How long people stay in Waverly
Housing in Waverly at a glance
- Median rent: $1,170 median gross rent a month
- Rent by bedrooms: $1,203 median gross rent, 2 bedrooms
- Rent burden: 38.9% of renters pay 30% or more of income
- Renters and owners: 44.3% of households rent
- Income and affordability: $75,700 median household income
- Home values: $234,600 median home value
- Homeowner costs: $1,545 median monthly cost with a mortgage
- Property taxes: $3,668 median real estate taxes a year
- Types of homes: 37.1% of homes are in buildings of 5 or more units
- Bedrooms: 52.8% of homes have 3 or more bedrooms
- Age of homes: 51.8% of homes were built before 1980
- Vacancy rate: 3.1% rental vacancy rate
- Heating fuel: 73.5% heat with utility gas
- Commute and cars: 18.1 minutes average trip to work
- Growth: −2.6% residents since 2015–2019
- How long people stay: 25.7% moved in since 2020
- Crowding and facilities: 1.3% of homes have more than 1 person per room
Waverly against Eaton County, its state and the nation
| Waverly | Eaton County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 23,575 (±712) | 109,130 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 11,742 (±400) | 47,753 (±69) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 44.3% (±2.9 points) | 25.8% (±1.3 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,170 (±$32) | $1,092 (±$26) | $1,129 (±$4) | $1,413 |
| Median household income | $75,700 (±$4,522) | $79,597 (±$2,067) | $72,875 (±$293) | $80,734 |
| Median home value | $234,600 (±$7,551) | $216,900 (±$4,419) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $3,668 (±$97) | $3,067 (±$69) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 51.8% (±3.8 points) | 56.2% (±2.1 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 18.1 minutes (±1.1) | 22.7 minutes (±0.7) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.5% (±1.9 points) | 91.2% (±0.8 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 41.7 years (±1.7) | 41.4 years (±0.3) | 40.2 years (±0.1) | 38.9 years |
Waverly covers 9.1 square miles of land, about 2,590 residents per square mile (Census Bureau Gazetteer).
How Waverly has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 24,201 (±411) | 23,575 (±712) | −2.6% | Not a measurable change |
| Housing units | 11,904 (±294) | 11,742 (±400) | −1.4% | Not a measurable change |
| Median gross rent | $919 (±$26) | $1,170 (±$32) | +27.3% | No measurable change after inflation |
| Median home value | $164,100 (±$4,666) | $234,600 (±$7,551) | +43.0% | Up after inflation |
| Median household income | $63,362 (±$3,914) | $75,700 (±$4,522) | +19.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,369 (±$53) | $1,545 (±$62) | +12.9% | Down after inflation |
| Median real estate taxes | $3,112 (±$108) | $3,668 (±$97) | +17.9% | No measurable change after inflation |
| Households that rent | 46.5% (±2.7 points) | 44.3% (±2.9 points) | −2.2 percentage points | Not a measurable change |
| Rental vacancy rate | 4.6% (±2.5 points) | 3.1% (±2.0 points) | −1.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Eaton County
Waverly has no police department of its own in the FBI’s figures, so this is the figure for Eaton County as a whole.
In 2025, the police departments that report for Eaton County recorded 193 violent and 929 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Waverly
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 48917 | 38% | 32,483 | $1,116 | $222,900 | $70,990 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Waverly
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Edgemont Park | 2.2 mi | $774 | $162,400 | 32.1% |
| Lansing Charter Township | 2.3 mi | $889 | $146,200 | 51.8% |
| Lansing | 4.1 mi | $993 | $128,700 | 46.2% |
| Watertown Charter Township | 5.5 mi | $1,484 | $288,700 | 3.3% |
| Grand Ledge | 5.7 mi | $982 | $194,000 | 32.5% |
| Dimondale | 6.1 mi | $864 | $216,400 | 12.5% |
| Wacousta | 6.1 mi | — | $283,700 | 5.0% |
| DeWitt Charter Township | 7.1 mi | $1,278 | $276,000 | 15.8% |
Places in Michigan most like Waverly
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Kentwood | $1,260 | $268,200 | $74,373 | 38.7% |
| Alpine Township | $1,172 | $233,900 | $67,807 | 39.9% |
| Haslett | $1,125 | $286,100 | $74,031 | 40.6% |
| Meridian Charter Township | $1,196 | $331,100 | $86,909 | 41.2% |
| Bath | $1,268 | $205,800 | $60,417 | 37.9% |
| Blackman Charter Township | $1,065 | $169,000 | $60,810 | 48.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Waverly, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,036 | $1,054 | $1,323 | $1,685 | $1,739 |
HUD income limits for Waverly, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,600 | $35,950 | $57,500 |
| 2 people | $24,650 | $41,050 | $65,700 |
| 3 people | $27,750 | $46,200 | $73,900 |
| 4 people | $33,000 | $51,300 | $82,100 |
| 5 people | $38,680 | $55,450 | $88,700 |
| 6 people | $44,360 | $59,550 | $95,250 |
| 7 people | $50,040 | $63,650 | $101,850 |
| 8 people | $55,720 | $67,750 | $108,400 |
These are the limits HUD sets for its housing programs in the Lansing-East Lansing, MI MSA, where HUD’s median family income for fiscal year 2026 is $102,600.
A program can use its own limits; tax-credit and local programs often do.
Waverly is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Delta Charter Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Waverly
What is the average rent in Waverly, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Waverly is $1,170 (±$32) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Waverly?
The median gross rent for a one-bedroom home in Waverly, MI is $1,031 (±$98) a month (2020–2024 American Community Survey).
Are renters in Waverly rent-burdened?
38.9% of renting households in Waverly pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Waverly?
Waverly has an estimated 5,034 (±409) renting households, 44.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Waverly?
The median household income in Waverly is $75,700 (±$4,522) a year (2020–2024 American Community Survey).
What is the average home value in Waverly, MI?
The Census Bureau publishes the median: $234,600 (±$7,551) for owner-occupied homes in Waverly (2020–2024 American Community Survey).
Is Waverly growing?
In Waverly, the number of residents went from 24,201 in 2015–2019 to 23,575 in 2020–2024 (−2.6%), not a measurable change.
What ZIP codes are in Waverly?
The ZIP code that covers Waverly is 48917.
What is the median rent in ZIP code 48917?
The median gross rent in ZIP Code Tabulation Area 48917 is $1,116 (±$33) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Waverly CDP, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Waverly CDP, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Waverly CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Waverly CDP, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Waverly CDP, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Waverly CDP, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Waverly CDP, Michigan
- HUD Fair Market Rents, fiscal year 2027: Lansing-East Lansing, MI MSA
- HUD Income Limits, fiscal year 2026: Lansing-East Lansing, MI MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Waverly CDP, Michigan (place:84800, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .