Median Age
36 Years
Largest Age Group
15-24 Years
Approximately 17% of Residents
Under 20
26%
Over 65
20%
Waverly
Waverly, IA Area Guide
Avg Rent
$506
Population
11,104
Renter Mix
25% Rent
An up-and-coming suburb on the banks of Cedar River
Cedar River
•
Great Schools
•
College
•
Parks
•
Suburban
•
For renters who enjoy a sense of seclusion, a close-knit community, and wide open spaces, Waverly is a great place to consider putting down roots. Excellent public schools of Waverly-Shell Rock Community Schools sit in this town. Waverly is also home to Wartburg College, a private university and educational hub for the community. This campus provides jobs, educational growth, and a college town vibe.
Along Bremer Avenue, check out local and chain dining and shopping options, including Duos Coffee & Ice Cream. Cedar River runs directly through Waverly, where residents enjoy fishing and boating. On the banks of the river, be sure to check out the Shades of Rhythm Amphitheater, known for public performing arts events and private parties. Though housing in Waverly is extremely affordable, there are some modern apartments becoming available in this up-and-coming city.
Demographics
Median Household Income
$73,211
Average: $85,693
Education
3,431
Residents Have a Degree
Job Market
5,818
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Waverly has more homeowners than renters.
Renters
25%
Non-Renters
75%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
26%
Other Education
74%
Rent Trends
As of April 2026, the average apartment rent in Waverly, IA is $511 for a studio, $506 for one bedroom, $918 for two bedrooms, and $1,428 for three bedrooms. Apartment rent in Waverly has increased by 1.0% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$506/month
643 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Waverly, IA is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Moderately Drivable
Drivability
70
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Margaretta Carey Elementary School
Public
Grades K-5
237 Students
Public
Grades K-5
230 Students
Waverly-Shell Rock Middle School
Public
Grades K-8
699 Students
Public
Grades K-5
164 Students
Waverly-Shell Rock Middle School
Public
Grades K-8
699 Students
Waverly-Shell Rock Senior High School
Public
Grades 9-12
771 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Top Apartments in Waverly
Houses for Rent in Waverly
Search Nearby Rentals
Nearby City Rentals
Nearby House Rentals
Nearby City Guides
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.