Waverly consultant finds demand for about 1,347 housing units through 2035; council urged to support moderate‑priced and senior housing

Consultant Joel Holman of Maxwell/Maxfield Research presented a housing needs analysis to the City Council of Waverly on Feb. 24, 2025, concluding the city has demand for about 1,347 housing units through 2035, with the largest shortfalls in affordable/subsidized senior housing and moderately priced for‑sale homes targeted at the local workforce.

The study, introduced by Connie Tolan, planning and development specialist for the City of Waverly, analyzed recent demographic and market trends, permit activity, resale and new‑construction prices, and rental inventories to estimate future demand. "The housing needs analysis is an important tool for the city," Tolan said, describing the report as a foundation for policy and incentive decisions. Holman summarized the market findings and recommended that the city prioritize support for moderately priced ownership housing and service‑enhanced senior housing while recognizing financing constraints for subsidized units.

Why it matters: Holman told the council that Waverly is experiencing a "barbell" of growth — a notable increase in the 75+ population and growth among younger adults in their mid‑20s to mid‑30s — creating demand for a range of housing types. He said turnover in existing moderately priced owner housing is constrained by high mortgage interest rates and that many jobs in Waverly…