Commercial Real Estate Market in Waverly, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 18 off-market properties in Waverly, AL.
Market Trends
Waverly, AL spans 87.1 square miles in Lee County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Waverly, AL asks $152/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Waverly, AL asks $115/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Waverly, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Waverly, AL asks $152/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 92.4%
- Planned_development 7.6%
Largest Zones share of zoned land by district
Rural Residential
General Residential
Gateway Corridor
Historic Residential
Central Historic District
Waverly, AL zones 1,827 acres across 5 districts. Commercial zoning covers 92.4% of zoned land. The largest single district is Rural Residential at 66.5%. For commercial buyers the practical constraint is that only 92.4% of land carries a commercial or industrial designation.
Rural Residential (RR)
The purpose of the Rural Residential District is the designation of certain land for low density residential, agricultural, and business uses consistent with the rural character of the Town
Market overview
Demographics & Economy
Waverly, AL has 2,586 residents in 1,087 households. Density runs 30 people per square mile. Median household income here is $98,750 and median gross rent $768 a month.
2,586
Population
1,087
Households
2.4
Avg Household Size
38
Median Age
45%
College-Educated
90%
High-School Grad
87.1 sq mi
ZIP Area
30
Density / Sq Mi
$98,750
Median Household Income
$50,617
Median Earnings
$768
Median Rent
$303,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Auburn | — | $21.83 |
| Opelika | — | — |
| Loachapoka | — | — |
| Cusseta | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Waverly?
Waverly, AL zones 1,827 acres across 5 districts, of which 92.4% is commercial and 0% industrial. The largest single district is Rural Residential at 66.5% of zoned land. The purpose of the Rural Residential District is the designation of certain land for low density residential, agricultural, and business uses consistent with the rural character of the Town Residential zoning covers 0% and open space 0%.
Where does Realmo's Waverly market data come from?
Realmo compiles Waverly, AL figures from 14 active sale listings, 18 tracked off-market properties, the current Waverly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Waverly, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,827 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
