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Waverly, IA
Generally Investor Friendly
Local STR Agent
Local STR Agent

Short-term rentals are allowed in Waverly, IA. The city permits short-term rental operations under its general rental property regulations framework. Unlike many jurisdictions that have implemented separate short-term rental ordinances, Waverly treats short-term rentals as residential rental properties that require the same fundamental permits and compliance measures as traditional long-term rentals.
Waverly hosts earn a median $24,383/year with $166 ADR and 52% occupancy.
Top performers pull in $36,771+ per year.
See the full Waverly market breakdownStarting a short-term rental business in Waverly follows a structured process that aligns with the city's rental property requirements:
Permit Requirements:
Operational Standards:
Administrative Requirements:
Complaint and Enforcement:
Safety Standards:
Tax Obligations:
Health and Safety:
Based on the Waverly Zoning Code, STR operators should verify:
City of Waverly - Community Development Department
Landlord Database Inquiries
Iowa Department of Revenue
This framework provides a stable regulatory environment for STR investors, with clear pathways to compliance and operation within Waverly's established rental property system.
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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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