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 $359,571, higher than the Minnesota average of $269,934.
The average cost of rent is $1,174/mo in Waterford, primarily driven by the current value of real estate in the Waterford area. While nearly 27.57% of residents own their homes outright in Waterford, 11.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waterford is $8,951 per month. Households that rent pay about 13.11% of their income on rent here. Waterford's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Northfield, MN: less expensive homes
- Stanton, MN: equally priced homes
- Castle Rock, MN: equally priced homes
- Dundas, MN: less expensive homes
- Randolph, MN: equally priced homes
- Dennison, MN: less expensive homes
- Little Chicago, MN: equally priced homes
- Nerstrand, MN: less expensive homes
- Hampton, MN: less expensive homes
- Millersburg, MN: equally priced homes
Cities with Similar Populations
- Isbell, AL: less expensive homes
- Sunnyhill, TN: less expensive homes
- Sunnydale, KS: less expensive homes
- Sun River, MT: less expensive homes
- Summit Station, PA: less expensive homes
- Summit, SC: less expensive homes
- Summit Mills, PA: less expensive homes
- Lambert, MO: less expensive homes
- Kirtland Afb, NM: less expensive homes
- Kirkpatrick, OH: less expensive homes
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