Waverly, IA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Waverly short-term rental market based on reliable data.

Listings

28 / 48

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$24,383

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$279,614

Median Home Sale Price

Top Earners

$48,986

Top-Earners Revenue

Waverly

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Waverly.

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B

Generally Investor friendly

Waverly Regulations

Waverly permits STRs citywide under its ordinary rental‑housing rules, requiring a simple registration, self‑inspection checklist, local agent, and modest fees, with no caps or restrictive zoning limits.

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About Waverly

Waverly is a small city of roughly 10,000 residents in Bremer County in northeastern Iowa, and it serves as the county seat. It carries the relaxed pace of a Midwestern college town, anchored by Wartburg College, a private Lutheran liberal arts institution whose campus events, concerts, and athletic competitions give the community a steady year-round rhythm. Surrounded by the rolling farmland of the Cedar River valley, Waverly blends small-town charm with the agricultural heritage of the region. It sits about 15 miles north of the larger Waterloo–Cedar Falls metropolitan area and roughly 140 miles northeast of Des Moines, the state capital.

The heart of the city is the Wartburg College campus, which draws visitors for cultural programming and is closely tied to the identity of Waverly. Music recitals, theatrical productions, and the college's strong music and theater programs give the small community a richer cultural calendar than its size would suggest. Athletic events, including Wartburg Knights contests, also bring guests to town on fall and winter weekends and add to the energy of a typical visit.

Just outside of town, the natural landscape of the Cedar River and surrounding wetlands offers some of the best outdoor recreation in the region. Hiking, birdwatching, and paddling opportunities draw visitors who want a quieter alternative to Iowa's busier state parks. The combination of river bottoms, prairie, and woodland makes this part of Bremer County especially attractive in spring and fall, when migrating waterfowl and changing foliage draw nature lovers out of their cars and onto the trails.

About 20 minutes south of Waverly, George Wyth State Park provides a more developed outdoor experience with a lake for fishing and paddling, miles of multi-use trails, and campgrounds. The park lies within the Waterloo city limits and is part of a larger network of connected green spaces, making it a popular day trip from Waverly for families, cyclists, and anglers.

Downtown Waverly itself adds to the city's appeal, with a compact historic district of locally owned shops, cafés, and restaurants clustered around the Bremer County Courthouse. Visitors find a walkable setting that hosts seasonal community events and farmers markets, the kind of small-scale gatherings that give Iowa towns their distinctive character.

Together, these features make Waverly a quietly compelling base for short-term rentals. Its central location in northeast Iowa, its college-driven cultural calendar, and easy access to both the Cedar River countryside and larger metro amenities give travelers a comfortable home base with a variety of nearby things to do throughout the year.

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