Waverly town, Virginia Demographics & Population 2026

Population Overview

Waverly town is a small community located in Virginia. The total population is 2,629. It ranks as the 257th most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Waverly town is 39.4 years. This is 2% higher than the state median of 38.8 years. 11.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Waverly town is $71,154. This is 22% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 9% lower. The poverty rate stands at 7.9%. This is 21% lower than the state poverty rate of 9.9%. The unemployment rate is 9.7%. This is 126% higher than the state rate of 4.3%. The median home value is $135,300. Housing costs are 62% lower than the state median of $360,700. With a home-value-to-income ratio of just 1.9x, Waverly town is one of the most affordable housing markets in the area. 57.0% of occupied housing units are owner-occupied. This homeownership rate is 15% lower than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Waverly town is Black or African American, making up 78.0% of the population. White (non-Hispanic) residents account for 18.3%. The White (non-Hispanic) population (18.3%) is well below the state average of 59.0%. The Black or African American population is significantly higher than the state average (78.0% vs 18.4%). The Hispanic or Latino population (0.7%) is well below the state average of 10.7%.

Education

21.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.8%.

Data Sources & Methodology

All demographic data for Waverly town, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.