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Waverly

Waverly

Located in Lancaster County

$351,028 Average Value
$167 Average Price per Sq Ft
9 Homes For Sale

Waverly's rural feel just beyond Lincoln

Waverly was founded as a railroad town in 1870 and named after a novel by Sir Walter Scott. The city lies 13 miles northeast of Nebraska's capital city, Lincoln, offering a slower pace of life anchored by a small downtown. "Waverly is a good mix of old and new," says Lea Ann Stephenson, a native Nebraska Realtor with Home Real Estate. She notes that new homes are being built along the city periphery, but the growth hasn't been explosive. “[It's been] very steady. It has had a good mix and influx of people." While Waverly grows, it remains semi-rural and casual, with chickens in backyards and people commuting on golf carts. City parks support a range of recreation, and Waverly is introducing a new dog park.

A mix of vintage and modern homes

Craftsman-style, ranch-style and split-level homes are common in Waverly. Lots range from modest to spacious, with some properties backing up to open land. Some neighbors use their lots to farm hens. "You don't always have neighbors," Stephenson says. "I would say it's probably going to stay that way to some degree." Mature streets show cracks and are shaded by tall trees. Waverly is also seeing new construction that features Craftsman and farmhouse elements, often with large front-facing garages. Older single-family homes start from $180,000 to $290,000. Prices rise from $300,000 to $720,000 as options get larger and newer. Townhouses typically sell from $245,000 to $390,000.

Schools earn solid grades and support youth football

The Waverly School District participates in school choice. Hamlow Elementary School covers prekindergarten through second grade and earns a B-minus on Niche. Grades 2 through 5 head to the B-plus-rated Waverly Intermediate School. Waverly Middle School also receives a B-plus, and Waverly High School earns a B-minus. Waverly High cultivates future Waverly Vikings football players through its Jr. Viking Football program. The program not only teaches fundamentals but also instills the mindset and philosophy players adopt.

Convenient east-west travel with a direct connection to Lincoln

Highway 6 and Interstate 80 bisect town. I-80 connects Waverly to Lincoln in less than 20 miles and to Omaha in less than 50 miles. The railroad, which runs adjacent to the highway, remains active. Lancaster County Public Rural Transit serves all of Lancaster County, including Waverly, through on-demand buses scheduled in advance.

Local spots offer groceries, Chinese food and pub favorites

Waverly's casual commercial corridor runs off Highway 6. Russ's Market Express is the neighborhood grocery store, with a bakery and deli. Trackside Bar is a go-to for pub grub and drinks. Great Wall serves Chinese classics, including beef and broccoli. Vike's Corner is known for daily comfort-food specials. Local retailers include Tractor Supply and Smart Chicken. Many residents head to Lincoln for broader shopping centers. "The closest one to Waverly would be Gateway Mall," Stephenson says.

Open spaces, sports courts and a lazy river draw locals outside

Wayne Park is Waverly's main recreational hub, home to unique tree species and flowers. The park offers green space for frisbees and picnics, plus a mile-long walking trail. Locals practice sports here, including disc golf and pickleball, and bring their kids to the playground. Wayne Park also houses an aquatic center with a lazy river and diving board. Jaycee Park is known for sand volleyball courts and ball fields. Lawson Park is the city's newest green space and another spot for sports. "And they have a dog park coming soon," Stephenson says.

Waverlyfest brings the community together

Waverlyfest is the town’s signature Fourth of July celebration. The event includes festivities hosted throughout the community, such as a parade that starts at Waverly Intermediate School and a hot dog and ice cream social at First United Methodist Church. Lawson Park hosts the evening fireworks display.

Six tornadoes struck Waverly in a rare and destructive storm

Nebraska weather has its extremes. A historic storm hit Waverly in 2024, when six tornadoes swept through town, flipping a train and damaging homes.

Kathryn Ashworth
Written By
Kathryn Ashworth
Anne Sheridan
Video By
Anne Sheridan

Interested in learning more about homes in this area? Reach out to Lea Ann Stephenson, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Waverly Housing Trends

Housing Trends

Median List Price
$387,415
Median Sale Price
$362,500
Median Single Family Sale Price
$387,849
Median Townhouse Sale Price
$270,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
60
Median Home Sale Price YoY Change
1%
Average Price Per Sq Ft
$167

Area Facts

Number of Homes in Neighborhood
1,265
Number of Homes for Sale
9
Median Year Built
1996
Months of Supply
1.80
Average Single Family Home Size Sq Ft
1,807
Below the national average
1,924
Average Townhouse Size Sq Ft
1,461
Average 2 Bedroom Size Sq Ft
1,180
Average 1 Bedroom Size Sq Ft
550
Median Lot Size Sq Ft
9,583

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Weather

Annual Precipitation
29''
Average Winter Low Temperature
15°F
Average Summer High Temperature
89°F
Annual Snowfall
11''

Area Factors

Somewhat Bikeable

Bike Score®®

33 / 100

Car-Dependent

Walk Score®®

15 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Waverly