Real Estate Investing in Waverly, Virginia

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

2 ZIP codes • Population: 6,098 • Sussex County

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

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

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

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 19.6% of homes vacant — above national norms.

What’s happening in Waverly, VA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 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 $96,965
Avg Monthly Rent $1,386
ZIP Codes 2

Investing in Waverly Real Estate

Waverly, VA covers 2 ZIP codes and a population but the investment metrics here are muted — this is not a market to enter casually.

The investment case for Waverly is difficult to make on screen data alone. a stretch for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rents in Waverly at $1,386/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Waverly show real pressure — median income of $N/AK is underwhelming relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Richmond, VA

Waverly is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Waverly, VA. Anonymous, moderated, never written by AI.

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Avg Home Value
$96,965
Avg Monthly Rent
$1,386
1% Rule
✓ Passes
Landlord Friendly (VA)

📉 Market Crash Risk Index

Based on Richmond, VA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
29%
Days Pending
0/2
31 days

View all metro crash risk rankings →

⚖️ Balanced Market — Richmond, VA metro
31
Days to pending
11.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Waverly, VA

Screen every ZIP in Waverly

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, VA

Is rental property easy to operate in Waverly, VA?

VA law landlord-friendly for landlords, and Waverly inherits those rules. Investors should still review local ordinances for rental licensing.

Is the tenant base reliable in Waverly, VA?

Waverly, VA offers a even-keeled renter base at the $1,386/mo rent level. Tenant turnover is reasonable for well-managed properties.

How strong are rents in Waverly, VA?

Expect rents around $1,386/mo per month in Waverly, VA. With home values at $97K, the yield math works out to reasonable levels for rental investors.

Can I house hack in Waverly, VA?

House hacking in Waverly, VA is a challenging. With home values around $97K and rents at $1,386/mo, owner-occupants can offset a meaningful share of PITI.

Are homes affordable in Waverly, VA?

Expect median prices around $97K in Waverly, VA. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.

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