Population 1,175 · Census ACS 2020–24
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Population and households in Waterford
Household size in Waterford
| Period | Waterford | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.62 | 2.72 | 2.66 | 2.68 |
| 2010–14 | 2.73 | 2.74 | 2.67 | 2.73 |
| 2015–19 | 3.05 | 2.70 | 2.64 | 2.71 |
| 2020–24 | 2.48 | 2.65 | 2.57 | 2.65 |
| Change | −0.14 | −0.06 | −0.09 | −0.03 |
The average household in Waterford has 2.48 people, under the U.S. average of 2.65. Household size has dropped from 2.62 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 41.1 | 35.8 | 36.7 | 37.7 |
| 2010–14 | 40.8 | 36.7 | 37.5 | 38.6 |
| 2015–19 | 35.6 | 37.6 | 38.8 | 39.6 |
| 2020–24 | 50.9 | 37.7 | 39.4 | 40.1 |
| Change | +9.8 | +1.9 | +2.6 | +2.3 |
With a median age of 50.9, Waterford is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.1% | 17.3% | 15.8% | 12.3% |
| 2010–14 | 13.2% | 16.4% | 15.8% | 12.3% |
| 2015–19 | 17.0% | 15.6% | 14.7% | 11.6% |
| 2020–24 | 20.8% | 16.3% | 14.6% | 11.6% |
| Change | +10.7 pts | −0.9 pts | −1.1 pts | −0.6 pts |
Single-parent households are common in Waterford: 20.8% of all 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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 21.5% | 34.7% | 29.2% | 33.3% |
| 2010–14 | 17.3% | 37.9% | 31.1% | 35.6% |
| 2015–19 | 10.8% | 40.0% | 31.8% | 36.0% |
| 2020–24 | 8.2% | 39.5% | 30.0% | 34.8% |
| Change | −13.3 pts | +4.8 pts | +0.8 pts | +1.5 pts |
Waterford is overwhelmingly a place of homeowners: only 8.2% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. About two-thirds of owners (65.5%) have paid off their mortgages, well above 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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.5% | 12.1% | 13.6% | 11.4% |
| 2010–14 | 13.2% | 11.7% | 14.6% | 11.4% |
| 2015–19 | 23.2% | 11.6% | 16.1% | 11.1% |
| 2020–24 | 27.3% | 9.8% | 14.1% | 9.6% |
| Change | +19.9 pts | −2.3 pts | +0.5 pts | −1.8 pts |
Vacancy is high in Waterford: 27.3% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 1985 | 1980 | 1981 | 1974 |
| 2010–14 | 1990 | 1981 | 1983 | 1975 |
| 2015–19 | 1994 | 1981 | 1984 | 1977 |
| 2020–24 | 1984 | 1983 | 1987 | 1980 |
| Change | −1 | +3 | +5 | +6 |
The housing in Waterford is a little younger than the country's: half of it was built after 1984, against 1980 nationally. That is in line with the rest of the Memphis area.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | $685 | $912 | $703 | $965 |
| 2010–14 | $768 | $991 | $758 | $1,040 |
| 2015–19 | $651 | $1,080 | $819 | $1,213 |
| 2020–24 | $850 | $1,428 | $1,018 | $1,571 |
| Change | +$165 | +$516 | +$315 | +$606 |
Rent in Waterford runs $850 a month at the median, utilities included, well below the U.S. median of $1,571. The typical renter here spends 38.2% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 16.1% | 25.5% | 20.8% | 28.4% |
| 2010–14 | 10.3% | 26.6% | 21.4% | 29.6% |
| 2015–19 | 23.8% | 28.0% | 22.8% | 32.1% |
| 2020–24 | 14.2% | 30.5% | 25.8% | 35.6% |
| Change | −1.8 pts | +5.0 pts | +5.0 pts | +7.2 pts |
Fewer adults in Waterford have a four-year degree than in the country as a whole: 14.2%, against 35.6% nationally.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 68.8% | 84.8% | 80.5% | 84.9% |
| 2010–14 | 78.7% | 86.4% | 82.5% | 86.1% |
| 2015–19 | 83.6% | 87.8% | 84.8% | 87.7% |
| 2020–24 | 86.3% | 89.2% | 87.3% | 89.3% |
| Change | +17.5 pts | +4.4 pts | +6.9 pts | +4.3 pts |
About one in seven adults in Waterford never finished high school, a bit more than nationally: 86.3% have a diploma or equivalent, against 89.3% across the U.S.
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 | Memphis area | Mississippi | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.9% | 10.1% | 9.5% | 8.1% |
| 2010–14 | 13.8% | 11.0% | 11.0% | 9.4% |
| 2015–19 | 14.8% | 7.1% | 7.6% | 5.6% |
| 2020–24 | 6.8% | 6.9% | 5.8% | 5.4% |
| Change | −0.1 pts | −3.2 pts | −3.6 pts | −2.7 pts |
Jobs have been harder to find in Waterford than nationally: unemployment was 6.8%, against 5.4%. That is in line with the rest of the Memphis area. 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 | 2.48 | 50.9 | 20.8% | 8.2% | 27.3% | 1984 | $850 | 14.2% | 86.3% | 6.8% |
| Abbeville | 2.95 | 40.7 | 14.3% | 17.9% | 25.2% | 1994 | $835 | 15.9% | 95.7% | 0.9% |
| Potts Camp | 2.74 | 31.9 | 25.6% | 20.1% | 27.8% | 1985 | $797 | 12.4% | 82.9% | 8.2% |
| Harmontown | 3.41 | 48.0 | 7.1% | 9.7% | 43.9% | 1986 | $806 | 7.6% | 77.0% | 5.9% |
| Wyatte | 3.23 | 37.5 | 13.2% | 21.7% | 8.5% | 1992 | $965 | 21.2% | 80.0% | 7.3% |
| College Hill | 2.75 | 44.0 | 5.5% | 22.2% | 29.9% | 1998 | $1,220 | 57.6% | 96.2% | 0.4% |
| Tyro | 3.68 | 40.9 | 6.5% | 22.3% | 18.0% | 1984 | $830 | 23.0% | 74.5% | 12.2% |
| Winborn | 2.37 | 37.4 | 20.3% | 9.5% | 17.9% | 1994 | $740 | 9.6% | 76.8% | 5.3% |
| Cornersville | 2.30 | 45.1 | 10.5% | 18.1% | 22.1% | 1991 | $785 | 12.5% | 79.3% | 7.9% |
| Thyatira | 3.41 | 40.0 | 19.3% | 21.6% | 6.8% | 1991 | $950 | 17.5% | 71.1% | 6.9% |
| Hickory Flat | 2.23 | 44.8 | 12.4% | 29.8% | 23.4% | 1989 | $716 | 10.8% | 73.9% | 9.1% |
All figures 2020–24.
Cities with similar populations: Post Town, MN · Narrowsburg, NY · New Enterprise, PA · New Sight, MS · Newell, AL · North Creek, NY · Pengilly, MN · Penia, GA · Petersburg, TX · Phipps, WI
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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