ZIP Code 48917 — Waverly CDP, MI Demographics & Data

ZIP code 48917 covers Waverly, MI in Eaton County with a population of about 32,029.

At a glance, the area shows median age of 40.8 versus a U.S. median of about 38.9.

It sits in telephone area code 517; U.S. House district MI-7; the LANSING media market.

Waverly, MI sits in a university / college context (near great lakes christian college (2.0 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 48917 is about $73,259 — about 3% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 8.2%; unemployment rate near 4.7%; 39.6% of adults with a bachelor’s degree or higher (about 5.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Public administration, Healthcare, and Manufacturing; about 17.5% of workers reporting work-from-home (about 2.3 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $211,300 — about 39% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $947 (about 19% below the U.S. median rent ($1,163)), and owner-occupancy near 59.7% (about 5.7 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 48917 in Waverly, MI, a household would need roughly $58,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,357. That sits below the local median household income ($73,259), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Waverly CDP, MI as Relatively Low (composite score 67.6), which is near the middle of the national distribution. The strongest component scores on US5 are flood (72.0) and hurricane (37.6). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Waverly CDP, MI show little to no average snow and around 33.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,253 for ZIP 48917 (Waverly CDP, MI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.