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These days, finding an affordable place to live in the Waterford area can be challenging. Home prices in Waterford are now at a median cost of $161,323, lower than the Alabama average of $228,911.
The average cost of rent is $647/mo in Waterford, primarily driven by the current value of real estate in the Waterford area. In Waterford, 31.54% of households rent, and 48.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterford is $4,317 per month. Households that rent pay about 14.99% of their income on rent here. Waterford’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kelly, AL: less expensive homes
- Pinckard, AL: equally priced homes
- Ozark, AL: equally priced homes
- Browns Crossroads, AL: less expensive homes
- Mabson, AL: equally priced homes
- Newton, AL: higher priced homes
- Midland City, AL: equally priced homes
- Fort Rucker, AL: less expensive homes
- Daleville, AL: less expensive homes
- Napier Field, AL: less expensive homes
Cities with Similar Populations
- Rossman, NY: higher priced homes
- Marylhurst, OR: higher priced homes
- Mascot, NE: less expensive homes
- Maud, IL: less expensive homes
- Mayfield, SD: higher priced homes
- Maynard, OH: less expensive homes
- Maysville, IL: less expensive homes
- Mc Bride, MO: higher priced homes
- Meador, KY: higher priced homes
- Ringdale, PA: higher priced homes
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