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These days, finding an affordable place to live in the New Waterford area can be challenging. Home prices in New Waterford are now at a median cost of $200,948, lower than the Ohio average of $236,816.
The average cost of rent is $709/mo in New Waterford, primarily driven by the current value of real estate in the New Waterford area. In New Waterford, 12.53% of households rent, and 47.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Waterford is $7,227 per month. Households that rent pay about 9.82% of their income on rent here. New Waterford’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middleton, OH: equally priced homes
- Unity, OH: equally priced homes
- East Palestine, OH: less expensive homes
- Signal, OH: higher priced homes
- Columbiana, OH: equally priced homes
- Rogers, OH: equally priced homes
- New Springfield, OH: equally priced homes
- Negley, OH: equally priced homes
- Elkton, OH: equally priced homes
- Petersburg, OH: equally priced homes
Cities with Similar Populations
- Yale, MI: less expensive homes
- Seymour, TX: less expensive homes
- Spencer, NY: equally priced homes
- Thayer, MO: less expensive homes
- Wedgefield, SC: less expensive homes
- Wedowee, AL: higher priced homes
- Moriches, NY: higher priced homes
- Wellfleet, MA: higher priced homes
- Bahama, NC: higher priced homes
- Willard, NC: equally priced homes
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