Foreclosure Homes in Waverly, VA 23890

Current Market Conditions in Waverly, VA

Waverly's real estate market has shown signs of stability over the past few months, with home prices remaining relatively unchanged. The demand for homes in the area is steady, as many buyers seek the tranquility and affordability that Waverly offers compared to larger urban areas nearby. The town's appeal, especially to families and retirees, continues to support a healthy market environment.

Real estate trends indicate a growing interest in undeveloped lands, with potential for new housing developments. Residential properties typically maintain their value due to the low turnover rates, and buyers are increasingly attracted to the lifestyle and community engagement Waverly promotes.

Rent Prices In Waverly, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waverly, VA, is on a rollercoaster ride. The average rent price in Waverly, VA, is $1,087.00. Indeed, when looking to rent in Waverly, VA, you can expect to pay as little as $620.00 or as much as $2,640.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Waverly, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.