Waverly, TN

City

Rent in Waverly

Median Gross Rent

$916

Rent-to-Income Ratio

31.8%

Renter Share

30.8%

Median Renter Income

$28,946

Avg Household Size

1.8

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

2 Bedrooms: $916

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 57.4%
$1,000-$1,500: 17.3%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 5.4%
No Cash Rent: 19.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 15.0%
20-30% (moderate): 21.9%
30-50% (cost-burdened): 34.0%
50%+ (severely cost-burdened): 9.3%
Not Computed: 19.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $49,852
Renter Households: $28,946

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 74.7%
$1,000-$1,500: 0.0%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 5.4%
No Cash Rent: 19.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Waverly

Neighborhood

Humphreys, TN

Forest Hill / Hopkins Crossing

Woolworth / Belleview

Hurricane Mills / Bakerville

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources