Population 409 · Census ACS 2020–24
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Population and households in Waterford
Household size in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.72 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.76 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.72 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.71 | 2.58 | 2.52 | 2.65 |
| Change | −0.01 | −0.00 | +0.00 | −0.03 |
Households in Waterford average 2.71 people, about the same as the country as a whole (2.65). The typical household here is bigger than in the wider Minneapolis area, where it has 2.58 people.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 41.1 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 44.1 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 46.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 42.6 | 39.2 | 40.0 | 40.1 |
| Change | +1.5 | +2.5 | +2.1 | +2.3 |
The median resident of Waterford is 42.6 years old, a bit older than the national median of 40.1. The median age has climbed from 41.1 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.5% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 5.6% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 4.4% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 7.4% | 9.8% | 9.6% | 11.6% |
| Change | +1.9 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Waterford: 7.4% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Waterford
Renters in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.8% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 9.9% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 8.1% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 9.3% | 29.3% | 27.8% | 34.8% |
| Change | +1.5 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 9.3% of households in Waterford rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. About a third of owners (34.2%) have paid off their mortgages, below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.1% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 5.9% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 10.9% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 5.4% | 5.7% | 8.3% | 9.6% |
| Change | +1.3 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 5.4% of homes in Waterford are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. The Minneapolis area as a whole looks much the same.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1989 | 1975 | 1973 | 1974 |
| 2010–14 | 1992 | 1976 | 1974 | 1975 |
| 2015–19 | 1993 | 1977 | 1975 | 1977 |
| 2020–24 | 1989 | 1980 | 1978 | 1980 |
| Change | +0 | +4 | +5 | +6 |
Waterford has newer housing than the country as a whole: the median home was built in 1989, versus 1980 nationally.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $670 | $1,007 | $882 | $965 |
| 2010–14 | $1,372 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,231 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,445 | $1,603 | $1,404 | $1,571 |
| Change | +$775 | +$597 | +$522 | +$606 |
The median renter in Waterford pays $1,445 a month for rent and utilities, below the national median of $1,571. Rent takes 21.4% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Waterford
Bachelor's degrees in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.8% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 41.1% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 40.7% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 37.6% | 45.4% | 39.6% | 35.6% |
| Change | −2.2 pts | +8.1 pts | +7.4 pts | +7.2 pts |
College degrees are about as common in Waterford as nationally: 37.6% of adults 25 and older have a bachelor's or higher, against 35.6%. The share is lower than in the Minneapolis area as a whole (45.4%).
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 95.4% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 97.0% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 95.8% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 95.0% | 94.0% | 93.7% | 89.3% |
| Change | −0.3 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion is high in Waterford: 95.0% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. That is in line with the rest of the Minneapolis area.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Waterford
| Period | Waterford | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.5% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 3.8% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 1.6% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 3.0% | 4.0% | 4.1% | 5.4% |
| Change | −1.5 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in Waterford has been low: just 3.0% of the labor force was out of work and looking, well below the national rate of 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Waterford compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Waterford | 2.71 | 42.6 | 7.4% | 9.3% | 5.4% | 1989 | $1,445 | 37.6% | 95.0% | 3.0% |
| Northfield | 2.41 | 38.6 | 7.3% | 27.3% | 6.9% | 1974 | $1,255 | 51.2% | 96.6% | 4.1% |
| Stanton | 2.71 | 44.4 | 4.7% | 8.0% | 6.3% | 1984 | $1,310 | 43.8% | 96.1% | 2.1% |
| Castle Rock | 2.77 | 42.1 | 8.0% | 6.7% | 4.6% | 1980 | $1,374 | 30.1% | 97.4% | 1.3% |
| Dundas | 2.83 | 41.9 | 3.8% | 2.4% | 3.2% | 1997 | $1,918 | 44.7% | 97.8% | 7.5% |
| Randolph | 2.73 | 40.4 | 4.5% | 8.2% | 5.0% | 1984 | $1,437 | 35.1% | 97.0% | 3.5% |
| Dennison | 2.61 | 46.4 | 4.9% | 10.6% | 8.4% | 1973 | $1,052 | 32.9% | 95.0% | 2.7% |
| Little Chicago | 3.05 | 40.8 | 4.6% | 1.5% | 10.2% | 1986 | $1,224 | 32.8% | 94.9% | 3.3% |
| Nerstrand | 2.80 | 42.6 | 4.5% | 6.9% | 5.6% | 1963 | $1,464 | 39.9% | 96.1% | 2.7% |
| Hampton | 2.66 | 40.1 | 6.3% | 6.1% | 9.9% | 1985 | $1,096 | 21.4% | 94.3% | 5.0% |
| Millersburg | 2.98 | 41.8 | 3.8% | 9.6% | 19.3% | 1980 | $1,051 | 39.2% | 99.6% | 4.7% |
All figures 2020–24.
Cities with similar populations: Isbell, AL · Sunnyhill, TN · Sunnydale, KS · Sun River, MT · Summit Station, PA · Summit, SC · Summit Mills, PA · Lambert, MO · Kirtland Afb, NM · Kirkpatrick, OH
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Waterford. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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