Waverly, Morgan County, IL

Median Home Price Price

$103,757 $103.8K

Median Monthly Rent Rent

$954 $954

9.0x

Market Snapshot

Waverly, Morgan County, IL is a city market with a median home price of $103,757, a median monthly rent of $954, a GRM of 9.0x, and a price-to-rent ratio of 9.1.

More markets to explore

Top recommendation Nearby alternative Higher GRM Premium price
High confidence
Price $128.7K
Rent $862
GRM 12.0x
Explore the data
Region Show
Jacksonville
$129K $862 12.0x

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Rochelle, Ogle County, IL
$179K $1.2K 13.0x

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
$149K $924 13.0x
$132K $892 12.0x

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

Similar markets map

Waverly

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Benchmark comparison

Rent in Waverly, IL is 10.7% higher than Jacksonville, IL.

Waverly, IL
Jacksonville, IL
Delta
Median rent
$954
$862
-$92
Median price
$103,757
$128,701
+$24,944
YoY change
+$38
+$61
+$23
Price-to-rent
9.1x
12.4x
+3.3x

Key takeaways

  • Waverly, Morgan County, IL has a lower-grm screening profile: At 9.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $38 year over year.
  • Rent in Waverly, IL is 10.7% higher than Jacksonville, IL.