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Waverly city, MN

ZIP 55390 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55390

Median Home Value
$308,500
Median Rent
$1,023
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,982/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55390 in Waverly city, MN, a household would need roughly $85,000 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 $1,982. That sits below the local median household income ($107,500), 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.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
91.2%+39% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
5.4%-64% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
3.5%-50% vs US avg
x
Rent Burden >30%
15.5%-69% vs US avg
x
Mortgage-Free
30.0%-22% vs US avg
x
$308,500
Home Value
$1,023
Rent
1998
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached94.3%
  • 1-unit attached0.9%
  • 2-9 units3.2%
  • 10+ units0.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$308,500
Median rent$1,023
Owner-occupied91.2%
Vacant6.4%
Price-to-income2.9x
Est. income to buy$85,000