Commercial Real Estate Market in Waverly, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
20 active listings and 567 off-market properties in Waverly, OH.
Market Trends
Waverly, OH spans 141.5 square miles. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Waverly, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Waverly, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waverly, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Waverly, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57%
- Industrial 26.4%
- Commercial 7.5%
Largest Zones share of zoned land by district
One Family Residence
One Family Residence
Heavy Industrial
General Residence
Limited Manufacturing
Waverly, OH zones 2,511 acres across 13 districts. Commercial zoning covers 7.5% of zoned land, residential 57% and industrial 26.4%. The largest single district is One Family Residence at 25%. For commercial buyers the practical constraint is that only 33.9% of land carries a commercial or industrial designation.
One Family Residence (R-1)
R-1 Low-Density Single-Family Residential This district is intended to provide for residential neighborhoods, characterized by single-family dwellings on large lots with supporting community facilities and urban services. Its regulations are intended to minimize traffic congestion and to assure that density is consistent with the carrying capacity of infrast…
Market overview
Demographics & Economy
Waverly, OH has 13,527 residents in 6,291 households. Density runs 96 people per square mile. Median household income here is $48,201 and median gross rent $922 a month.
13,527
Population
6,291
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
90%
High-School Grad
141.5 sq mi
ZIP Area
96
Density / Sq Mi
$48,201
Median Household Income
$41,069
Median Earnings
$922
Median Rent
$153,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Waverly?
Commercial property in Waverly, OH asks an average of $3 per square foot. The 5 most recent recorded sales traded at a median of $222/SF.
What zoning applies to commercial property in Waverly?
Waverly, OH zones 2,511 acres across 13 districts, of which 7.5% is commercial and 26.4% industrial. The largest single district is One Family Residence at 25% of zoned land. R-1 Low-Density Single-Family Residential This district is intended to provide for residential neighborhoods, characterized by single-family dwellings on large lots with supporting community facilities and urban services. Its regulations are intended to minimize traffic congestion and to assure that density is consistent with the carrying capacity of infrast… Residential zoning covers 57% and open space 0%.
Where does Realmo's Waverly market data come from?
Realmo compiles Waverly, OH figures from 6 recent recorded sales, 20 active sale listings, 567 tracked off-market properties, the current Waverly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Waverly, OH. 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: 2,511 zoned acres across 13 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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 30 September 2026 · How Realmo checks market page data · Report a data issue
