Quick facts: Waverly, TN

Quick Facts

99.5
Cost of Living
below US average
4,297
Population
20.48
Crime Rate per 1000
below US average
$43,750
Median Income
below US average
$166,513
Median House Price
above US average
$1259.29
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $43,750.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $166,513 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $43,750
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1259.29/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $43,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Waverly, TN

Waverly is a charming city located in Humphreys County, Tennessee. Nestled at the intersection of Highway 13 and Highway 70, Waverly serves as a gateway to the scenic beauty of the Tennessee countryside. With a population of around 4,000 residents, the city offers a small-town feel while being rich in history and community spirit. Waverly is known for its picturesque landscapes, including rolling hills and the nearby Tennessee River, which provides opportunities for fishing, boating, and outdoor activities. The city hosts several annual events, including the Waverly Watermelon Festival, which celebrates local culture and agriculture. The community is also home to several parks and recreational facilities, providing spaces for families to enjoy picnics, sports, and outdoor gatherings. Education is served by local schools under the Humphreys County School System, and nearby higher education options are available in surrounding communities. Waverly's friendly atmosphere, combined with its natural surroundings, makes it an appealing destination for those looking to experience the serene charm of rural Tennessee.

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