Total monthly cost of ownership
Cost to Own a Home in Waverly, Iowa
A $215,000 home here costs
$1,853per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,105. The real number is $747 higher every month — 68% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Waverly against Bremer County and Iowa
| Measure | Waverly | Bremer County |
|---|---|---|
| Median home value | $215,200 | $207,200 |
| Median property tax | $3,360 | $2,796 |
| Effective tax rate | 1.561% | 1.349% |
| Median gross rent | $909 | $844 |
| Population | 10,446 | 25,118 |
The weather behind that power bill
Waverly sits in Bremer County, which averages a high of 82.8°F in its hottest month and a low of 7.3°F in its coldest, with 38.64" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 682 cooling and 7,435 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Bremer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bremer County
Common questions
How much does it cost to own a home in Waverly?
A $215,000 home in Waverly, Iowa costs approximately $1,853 per month with 20% down at 6.66%. That is $1,105 principal and interest, $280 property tax, $94 homeowners insurance, $195 utilities and $179 set aside for maintenance.
What is the property tax rate in Waverly?
Waverly has an effective property tax rate of 1.561%, based on a median home value of $215,200 and median real estate taxes of $3,360. That is higher than the Bremer County average of 1.349%.
What is the average home price in Waverly?
The median owner-occupied home value in Waverly, Iowa is $215,200, against $207,200 across Bremer County.
Is it cheaper to rent or buy in Waverly?
Median gross rent in Waverly is $909 a month, against $1,853 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waverly — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.