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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 $286,471, lower than the New York average of $610,895.
The average cost of rent is $1,419/mo in Waterford, primarily driven by the current value of real estate in the Waterford area. In Waterford, 27.19% of households rent, and 43.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterford is $7,934 per month. Households that rent pay about 17.89% of their income on rent here. Waterford’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cohoes, NY: less expensive homes
- Melrose, NY: equally priced homes
- Green Island, NY: less expensive homes
- Clifton Park, NY: higher priced homes
- Troy, NY: less expensive homes
- Watervliet, NY: less expensive homes
- Latham, NY: higher priced homes
- Mechanicville, NY: equally priced homes
- Raymertown, NY: higher priced homes
- Rexford, NY: higher priced homes
Cities with Similar Populations
- Vicksburg, MI: less expensive homes
- Carthage, MS: less expensive homes
- Carver, MA: higher priced homes
- Castle Pines North, CO: higher priced homes
- Catoosa, OK: less expensive homes
- Cedar Hills, UT: higher priced homes
- Center Valley, PA: higher priced homes
- Somers Point, NJ: higher priced homes
- Wakefield, RI: higher priced homes
- Vineyard Haven, MA: higher priced homes
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