In Waverly, a typical home is worth $223,300 and typical rent is $1,057 a month. Compared with all of Bremer County, typical rent is 15% higher, typical household income is 7% lower, and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $217,978 to $279,813.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Waverly is in Bremer County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Bremer County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Oelwein, the typical home value is $96,300: 57% less than in Waverly ($223,300).
2
Nearby, in Charles City, the typical rent is $735: 30% less than in Waverly ($1,057).
3
69% of households in Waverly own their home, against 80% in Bremer County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Waverly
What homes there are in Waverly, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Waverly
Bremer County
Iowa
United States
Kind of home: Waverly and its comparisons
Measure
Waverly
Bremer County
Iowa
United States
Detached house
66%
81%
72%
61%
Attached house
5%
3%
5%
6%
Building of 2 to 4
7%
6%
6%
8%
Apartments (5 or more)
19%
9%
14%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Waverly, but it weighs less than in Bremer County: 66% against 81%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Waverly
Bremer County
Iowa
United States
Year built: Waverly and its comparisons
Measure
Waverly
Bremer County
Iowa
United States
Before 1960
26%
40%
38%
26%
1960–1979
28%
28%
24%
24%
1980–1999
16%
12%
17%
25%
2000–2009
8%
9%
11%
14%
2010 or later
22%
11%
11%
11%
Homes in Waverly are newer: the typical year built is 1977; in Bremer County, 1970.
There are fewer big homes in Waverly than in Bremer County: 62% have 3 bedrooms or more, against 70%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K33%
$200K–$300K29%
$300K–$500K23%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Waverly and its comparisons
Measure
Waverly
Under $100K
9%
$100K–$200K
33%
$200K–$300K
29%
$300K–$500K
23%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
With an FHA limit of $541,287, at least 94% of owner-occupied homes in Waverly sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99938%
$1,000–$1,49927%
$1,500–$1,99926%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Waverly and its comparisons
Measure
Waverly
Under $500
Unreliable estimate
$500–$999
38%
$1,000–$1,499
27%
$1,500–$1,999
26%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,680 a month
Bremer County: $1,586 a month
Without a mortgage
$607 a month
Bremer County: $635 a month
Owners with a mortgage
60%
Bremer County: 59%
In Waverly, 60% of owners have a mortgage, and their typical cost is $1,680 a month, against $1,586 in Bremer County. Without one it drops to $607.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Waverly+29%
Bremer County+33%
Iowa+41%
United States+53%
Typical rent
Waverly+48%
Bremer County+39%
Iowa+23%
United States+33%
Typical household income
Waverly+24%
Bremer County+23%
Iowa+24%
United States+29%
Change since 2015–2019: Waverly and its comparisons
Measure
Waverly
Bremer County
Iowa
United States
Typical home value
+29%
+33%
+41%
+53%
Typical rent
+48%
+39%
+23%
+33%
Typical household income
+24%
+23%
+24%
+29%
Homes in Waverly gained value more slowly than in Bremer County: 29% since 2015–2019, against 33%.
Rents in Waverly rose faster than in Bremer County: 48% since 2015–2019, against 39%.
The typical household income in Waverly rose 24%: less than home values (+29%) and rent (+48%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Waverly and its comparisons
Measure
Waverly
Bremer County
Iowa
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.6%
3.4%
People per household
2.36
2.44
2.36
2.53
Drive alone
68%
75%
76%
69%
Carpool
10%
7%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
11%
6%
3%
3%
Work from home
11%
11%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
By size, households in Waverly look like those in Bremer County: 2.36 people on average.
In Waverly, 11% of workers walk or bike to work; in Bremer County, 6%.
Do the math
What would you pay each month for a home in Waverly?
A typical home is tight for the typical income
We start with a typical home in Waverly, worth $223,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Waverly, which is $80,284 a year. For that payment to be 28% of income, a household would need to earn about $83,600 a year.
The calculator's FHA and conventional loan limits are those of all of Bremer County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Waverly. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,816 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,951
at 7.18% · 30 years
Loan amount
$219,255
Total interest
$315,456
Paid off in
November 2056
Includes $3,771 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,873 a month
Tight
$1,873 to $2,409 a month
Your payment · 29%
Hard
more than $2,409 a month
Compared with the typical household income in Waverly ($80,284 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,485
Property tax
$274
Home insurance
$93
FHA mortgage insurance (MIP)
$99
You need at least $7,816 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,951; principal and interest $1,485.
The city and its county
Waverly and Bremer County
Waverly is in Bremer County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Waverly
Map of Bremer County, Iowa, with Waverly marked. Around it, the neighboring counties.
Waverly
Bremer County
Waverly's own numbers
Typical home value
$223,300
Typical monthly rent
$1,057
Typical yearly household income
$80,284
Households that own their home
69%
Effective property tax rate
1.47%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Bremer County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,023
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
2.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bremer County.
A typical home in Waverly is worth $223,300: about the same as the county and 7% above Iowa. With the typical household income in Waverly ($80,284 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Waverly2.8 years
Bremer2.5 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Bremer County
According to FHFA’s house price index, home prices in Bremer County rose 53% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Bremer County.
Yearly change in FHFA’s price index in Bremer County, 2016 to 2025
2016: +3.7% +3.7% 2016
2017: +0.2% +0.2% 2017
2018: +2.0% +2.0% 2018
2019: +4.7% +4.7% 2019
2020: −0.3% −0.3% 2020
2021: +5.0% +5.0% 2021
2022: +8.2% +8.2% 2022
2023: +11.8% +11.8% 2023
2024: +7.4% +7.4% 2024
2025: +1.7% +1.7% 2025
Change in FHFA’s price index in Bremer County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+1.7%
+3.2%
+2.9%
5 years (2020–2025)
+39%
+41%
+47%
10 years (2015–2025)
+53%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Waverly next to Bremer County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Waverly$223,300
Bremer$219,600
Iowa$208,000
United States$332,700
Typical monthly rent
Waverly$1,057
Bremer$921
Iowa$972
United States$1,413
Typical yearly household income
Waverly$80,284
Bremer$86,784
Iowa$75,059
United States$80,734
See the full table
Waverly next to Bremer County and Iowa
Measure
Waverly
Bremer County
Iowa
U.S.
Typical home value
$223,300
$219,600
$208,000
$332,700
Typical monthly rent
$1,057 ▲15% above the county
$921
$972
$1,413
Typical yearly household income
$80,284 ▼7% below the county
$86,784
$75,059
$80,734
Households that own their home
69% ▼11 points below the county
80%
72%
65%
Typical yearly property tax
$3,273 ▲16% above the county
$2,824
$2,897
$3,119
Effective property tax rate
1.47% ▲0.18 points above the county
1.29%
1.39%
0.94%
Renters with high rent for their income
34% ▲1 points above the county
33%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bremer County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Waverly
For a typical $223,300 home in Waverly, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waverly's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,951a month
Least cash to close
Down payment
$7,816
Cash to close
$14,515
Rate
7.18%
Mortgage insurance
FHA MIP · $99
Conventional, 5% down$1,910a month
Down payment
$11,165
Cash to close
$17,864
Rate
7.18%
Mortgage insurance
PMI · $106
Conventional, 20% down, no PMI$1,577a month
Down payment
$44,660
Cash to close
$51,359
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,783a month
Down payment
$33,495
Cash to close
$40,194
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Waverly
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,951
$7,816
$219,255
7.18%
FHA MIP · $99
$14,515
580
Conventional, 5% down
$1,910
$11,165
$212,135
7.18%
PMI · $106
$17,864
620*
Conventional, 20% down, no PMI
$1,577
$44,660
$178,640
7.18%
None
$51,359
620*
ITIN, 15% down (example)
$1,783
$33,495
$189,805
8.18%
None
$40,194
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Waverly is $1,057 a month: 15% above the county. In Waverly, 34% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Bremer County, by unit size. To pay the 2-bedroom one ($1,023 a month) without spending more than 30% of your income, you would need to earn $19.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Bremer County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$712
$13.69
$28,480
1 bedroom
$782
$15.04
$31,280
2 bedrooms
$1,023
$19.67
$40,920
3 bedrooms
$1,343
$25.83
$53,720
4 bedrooms
$1,349
$25.94
$53,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Waverly
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Waverly is in ZIP code 50677.
For 2 bedrooms it is $1,100: $77 more than the fair market rent for Bremer County ($1,023).
Fair market rent by ZIP code and size in Waverly, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
50677
$770
$840
$1,100
$1,440
$1,450
ZIP code2 bd3 bd
50677 $1,100$1,440
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Waverly when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 6 buildings with rents for lower incomes in Waverly. These are the largest.
Rolling Meadows Apts701 16th St SW, Waverly 5067754 low-income homes · 1 bd: 4 · 2 bd: 36 · 3 bd: 14 · In service since 1997 · For people with disabilities, families
Waverly Manor210 15th St NW, Waverly 5067754 low-income homes · For older adults(319) 352-3394
Waverly Homes320 15th St NW, Waverly 5067747 low-income homes · For families(319) 352-3394
Waverly Historic Lofts201 1st St SE, Waverly 5067734 homes, 30 low-income · 1 bd: 13 · 2 bd: 14 · 3 bd: 7 · In service since 2019 · For families
Lantern Park Apts (WAVERLY)907 6th St NW, Waverly 5067716 low-income homes · In service since 1992
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Bremer County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Waverly or Bremer County. The ones below are statewide in Iowa: they work in Waverly the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
No legal help resource on our list is for Waverly or Bremer County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Waverly and all of Bremer County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Waverly?
The typical home value in Waverly is $223,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bremer County it is $219,600.
How much does it cost to rent in Waverly?
Typical rent in Waverly is $1,057 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bremer County is $1,023.
What is the FHA loan limit in Waverly?
Waverly uses the FHA limit for all of Bremer County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Waverly?
The typical homeowner in Waverly pays $3,273 a year, according to the U.S. Census Bureau. That is 1.47% of the home’s value; in Bremer County, the rate is 1.29%.
Where can I find free help to buy or rent in Waverly?
We found no HUD-approved counseling agencies with an office in Bremer County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
