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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 $366,073, lower than the Connecticut average of $418,901.
The average cost of rent is $1,633/mo in Waterford, primarily driven by the current value of real estate in the Waterford area. In Waterford, 21.82% of households rent, and 43.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterford is $8,842 per month. Households that rent pay about 18.47% of their income on rent here. Waterford’s most expensive areas are in the southeastern 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
- New London, CT: less expensive homes
- Millstone, CT: equally priced homes
- Pleasure Beach, CT: higher priced homes
- Niantic, CT: higher priced homes
- Quaker Hill, CT: less expensive homes
- Conning Towers Nautilus Park, CT: less expensive homes
- East Lyme, CT: higher priced homes
- Groton, CT: less expensive homes
- Giants Neck, CT: less expensive homes
- South Lyme, CT: higher priced homes
Cities with Similar Populations
- Wallkill, NY: equally priced homes
- West Henrietta, NY: less expensive homes
- Shiloh, IL: less expensive homes
- Dardenne Prairie, MO: higher priced homes
- Washington, IN: less expensive homes
- Warrington, FL: less expensive homes
- Warrenville, IL: less expensive homes
- Warren, PA: less expensive homes
- Warren, NJ: higher priced homes
- Wapakoneta, OH: less expensive homes
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