Hiram Craig organized the first school in 1820. The first school structure stood across from the present school and was erected in 1842. The current Waverly Elementary School was built on 15 acres in 1964 with an addition in 1969 and accommodates 360 students k-6. Grades 7-12 ride buses to the junior and senior high school in Mooresville. Waverly Elementary is a part of the Mooresville Consolidated School District.

      Morgan County Sheriff and Harrison Township Volunteer Fire Department provide fire and police services to the community.

      The Congregation of the United Methodist Church may be the oldest in Morgan County as it is reported to have held services in the home of Ruhama and Jacob Whetzel as early as 1819. The present site was deeded to the (at that time) Episcopal Church in 1858. The church burned in 1889 and was rebuilt in 1890. This structure still stands and the centennial was celebrated in 1990.

     Waverly Baptist Church was organized in 1972 and built in 1974.

      The Waverly Chapel was built in 1956.

      As with any river community flooding is always a risk. The photographs below were taken in and around the Waverly area during a major flood in the early 1990s.