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Waverly, Virginia, is a rural community established in 1854, located 23 miles south of Petersburg and 8 miles north of Wakefield. The area is characterized by its countryside living, historic homes, and farmland surrounding a small downtown district. The community has undergone revitalization efforts, including beautification projects and attracting new businesses. Allen W. Gibson Jr. Community Park is a local hub for recreation, featuring a playground, pickleball and tennis courts, picnic areas, and a community garden. The park also hosts events like Oktoberfest and a 5K run. Downtown Waverly has a mix of occupied and vacant brick storefronts, with dining options such as HonduMex Cuisine and fast-food establishments like McDonald's. For grocery essentials, residents visit Dollar General, while Wakefield Market, 7 miles away, offers a wider variety of fresh produce. Adams’ Peanuts & Country Store, located 5 miles south, sells locally harvested peanuts and other regional products. Homes in Waverly range from mid-20th century ramblers to farmhouse-style residences, with prices generally under $300,000. Sussex Central Elementary, a highly rated school, serves the community's children. Waverly is connected to the wider region via Route 40 and Route 460, with Richmond International Airport 55 miles away. The Miles B. Carpenter Folk Art Museum, featuring local artist's work, is undergoing renovations and is set to reopen by August 2025. Waverly has a lower crime rate compared to the national average, though it is prone to flooding and tornado warnings.
On average, homes in Waverly, VA sell after 62 days on the market compared to the national average of 56 days. The median sale price for homes in Waverly, VA over the last 12 months is $209,000, down 7% from the median home sale price over the previous 12 months.