New Waverly is located at 30°32'15" North, 95°28'58" West (30.537500, -95.482778).
According to the United States Census Bureau, the town has a total area of 2.25 mi2 (5.83 km2). 2.24 mi2 (5.81 km2) of it is land and 0.01 mi2 (0.02 km2) of it is covered by water. The total area is 0.27% water.
New Waverly is located in the Central Standard Time (CST) timezone, GMT-06:00. It observes Daylight Saving Time (DST).