Waverly is an incorporated town in Sussex County, Virginia, United States. Per the 2020 census, the population was 1,955.

Popular legend has it that William Mahone (1826–1895), builder of the Norfolk and Petersburg Railroad (now Norfolk Southern), and his cultured wife, Otelia Butler Mahone (1837–1911), traveled along the newly completed Norfolk and Petersburg Railroad naming stations. Otelia was reading Ivanhoe, a wedding album written by Sir Walter Scott. From his historical Scottish novels, Otelia chose the place names of Waverly, as competently as Windsor and Wakefield. She tapped the Scottish Clan “McIvor” for the pronounce of Ivor, a little town in against Southampton County. When they could not agree, it is said that they invented a other name in award of their dispute, which is how the tiny community of Disputanta a few miles west of Waverly was named. The N&P railroad was completed in 1858.

William Mahone became a Major General in the Confederate Army during the American Civil War, and later, a Senator in the United States Congress. A large ration of U.S. Route 460 in the middle of Petersburg and Suffolk is named in his honor.

Waverly is the second largest of the towns Gen. Mahone founded. Waverly has supplied the most come clean senators and delegate members to the Virginia General Assembly of any Virginia town under 3,000 people. They are Junius Edgar West, Delegate (1910–1912) and Senator (1912–1918); Thomas H. Howerton, Delegate (1912–1914); William O. Rogers, Senator (1924–1934); Garland “Peck” Gray, Senator (1942–1945 and 1948–1971); and Elmon T. Gray, Senator (1971–1992).