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Housing Affordability in Waverly, MI
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 28.2%
- Michigan 27.4%
- Renters paying 30%+
- 38.9%
- Michigan 50.4%
- Homeowners paying 30%+
- 19.9%
- Michigan 19.6%
- Owner costs with a mortgage
- $1,545/mo
- Michigan $1,569/mo
Housing costs compared with income
- Renters paying 30% or more1,90338.9%
- Homeowners paying 30% or more1,25419.9%
- Renters paying 50% or more1,00020.4%
- Median rent as a share of income: 25.3%
- Median owner costs as a share of income, with a mortgage: 19.6%
- Median owner costs without a mortgage: $701/mo
- Median home value divided by median household income: 3.1
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Waverly, MI | 28.2% | 38.9% | 19.9% | 25.3% |
| Eaton County | 24.0% | 41.0% | 18.3% | 26.7% |
| Michigan | 27.4% | 50.4% | 19.6% | 30.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Waverly, MI?
- In Waverly, MI, 28.2% of households spend 30% or more of their income on housing costs.
- How does Waverly compare with Michigan?
- The households paying 30%+ for housing in Waverly is 28.2%, compared with 27.4% for Michigan as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates