Home Price Key
Affordable
Average
Expensive
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 $203,782, higher than the Michigan average of $196,062.
The average cost of rent is $1,091/mo in Waterford, primarily driven by the current value of real estate in the Waterford area. While nearly 29.89% of residents own their homes outright in Waterford, 23.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waterford is $6,048 per month. Households that rent pay about 18.04% of their income on rent here. Waterford's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Lake Angelus, MI: higher priced homes
- Sylvan Lake, MI: higher priced homes
- Keego Harbor, MI: higher priced homes
- Pontiac, MI: less expensive homes
- Orchard Lake Village, MI: higher priced homes
- Village of Clarkston, MI: higher priced homes
- White Lake, MI: higher priced homes
- Clarkston, MI: higher priced homes
- West Bloomfield, MI: higher priced homes
- Commerce Township, MI: higher priced homes
Cities with Similar Populations
- Great Falls, MT: equally priced homes
- Puyallup, WA: higher priced homes
- Trujillo Alto, PR: less expensive homes
- Kingsport, TN: less expensive homes
- Huntington, WV: less expensive homes
- Huntersville, NC: higher priced homes
- Fayetteville, GA: higher priced homes
- Ewa Beach, HI: higher priced homes
- Eastvale, CA: higher priced homes
- East Orange, NJ: higher priced homes
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