Waverly is located close to the center of Florida. Waverly is part of Polk County. Waverly has 1.50 square miles of land area and 0.09 square miles of water area. As of 2010-2014, the total Waverly population is 740, which has shrunk 61.60% since 2000. The population growth rate is much lower than the state average rate of 21.14% and is much lower than the national average rate of 11.61%. Waverly median household income is $20,745 in 2010-2014 and has has shrunk by 12.54% since 2000. The income growth rate is much lower than the state average rate of 21.62% and is much lower than the national average rate of 27.36%. Waverly median house value is $110,900 in 2008-2012 and has shrunk by -132.98% since 2000. The house value growth rate is much higher than the state average rate of 48.06% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Waverly is worse than the state average in quality. The Waverly area code is 863.