Waverly is an unincorporated community located in Eaton County within the state of Michigan in the United States. It functions as a census-designated place (CDP) for statistical purposes, meaning it possesses no legal status as a municipality.
As of the 2020 census, the population of Waverly was recorded at 23,812. The community is notable for housing the Lansing Mall and serving as the location for Waverly Community Schools.