Similar to its nearby areas, it is a bit less expensive compared to the nation as a whole. Compared to the city of Minneapolis, it's somewhat less expensive.
Home prices
The value of the median home in Waverly is $193,100. It is is very similar compared to its nearby areas.Compared to the entire country it is approximately $24,400 (11%) lower, and is approximately $58,500 (23%) lower compared to the city of Minneapolis.
Rents
In Waverly the median rent is $1,116 a month. It is about $311 (38%) higher compared to its nearby areas.Compared to the nation as a whole it is about $54 (5%) higher, and in comparison to the city of Minneapolis is approximately $89 (8%) higher.
Nearby places
Montrose
Montrose is Waverly's neighbor to the east. The housing prices there are a little less expensive. The median home in Montrose is valued at $176,200, which is $16,900 (9%) lower than Waverly. Rent there is somewhat less expensive. The median monthly rent in Montrose is $1,002, which comes out to $114 (11%) lower than Waverly.
Howard Lake
Howard Lake is approximately 4 miles west of Waverly. Its housing prices are a little less expensive. The median home in Howard Lake is valued at $153,800, which works out to $39,300 (25%) lower than Waverly. The rent there is a lot less expensive. In Howard Lake the median rent is $774 a month, which works out to $342 (44%) lower than Waverly.
Delano
Delano is roughly 7 miles east from Waverly. The housing prices there are a bit more expensive. The median home in Delano costs $258,700, which works out to $65,600 (25%) higher than Waverly. Rent there is a bit less expensive. The median rent in Delano is $851 a month, which comes out to $265 (31%) lower than Waverly.
Winsted
Winsted is approximately 7 miles southwest of Waverly. Real estate prices there are somewhat less expensive. The median home in Winsted costs $159,300, which is $33,800 (21%) lower than Waverly. The rent there is significantly less expensive. Winsted's median rent is $706 a month, which comes out to $410 (58%) lower than Waverly.
Watertown
Watertown is roughly 8 miles southeast of Waverly. Real estate prices there are a bit more expensive. The median home in Watertown costs $208,300, which comes out to $15,200 (7%) higher than Waverly. The rent there is significantly less expensive. In Watertown the median monthly rent is $694, which works out to $422 (60%) lower than Waverly.
