Real Estate Investing in Waverly, Kentucky

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,627 • Union County

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Should you buy in Waverly, KY? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (78/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.4% vacancy may signal weakening demand.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $175,593
Avg Monthly Rent $963
ZIP Codes 1

Investing in Waverly Real Estate

Waverly (Kentucky) spans 1 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Waverly is in that category.

The $963/mo / $176K relationship in Waverly looks tepid once vacancy and capex are incorporated into underwriting. looks to the realized yield tends to disappoint.

Distressed-leaning demographics in Waverly — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Evansville, IN-KY

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$175,593
Avg Monthly Rent
$963
1% Rule
✗ Below
Landlord Friendly (KY)

ZIP Codes in Waverly, KY

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Filter Waverly’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Waverly, KY

What are rental rates like in Waverly, KY?

Average rent in Waverly, KY is approximately $963/mo per month. Against $176K home values that yields a reasonable rent-to-price ratio.

What strategy should investors use in Waverly, KY?

A careful cash-flow rentals with hands-on management strategy Waverly, KY best. The market produces reliable results for that approach at the $176K price point.

How strong is Waverly, KY for real estate investors?

Waverly, KY scores 3.0/5 for investability. Home values sit at $176K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Is vacancy a concern in Waverly, KY?

Expect elevated vacancy in Waverly, KY. Rents at $963/mo are absorbed by the tenant base without meaningful lag.

How strong is the working-renter base in Waverly, KY?

Tenant demand in Waverly, KY is solid. The local workforce $963/mo rents across most rental classes.

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