Waterford, MI Community Information

Waterford, MI Homes for Sale

Waterford, MI Community Information

Population

74,291

Median Age

35.6

Median Household Income

$65,346

Households with Children

43.93%

Median Travel Time to Work

28 minutes

Waterford, MI Real Estate Market Information

Homes Owned

74.84%

Homes Rented

22.77%

Homes Vacant

2.39%

Waterford, MI Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Waterford, MI School Information

Elementary Schools

Primary Schools

Middle Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 74,291
  • Total Male Population 37,370
  • Total Female Population 36,921
  • Population change since 2000 6.43%
  • Median age 35.6
  • Percent of households with children 43.93%
  • Personal Crime risk 41

Transportation

  • Median travel time to work 28 minutes
  • Percent using Public transportation 0.14%
  • Percent Driving/Using Carpool 95.41
  • Percent Using Other transportation 1.31%
  • Percent Working From Home 3.14%

Education Levels

  • Some high school 9.73%
  • High school graduate 30.49%
  • Some college 24.17%
  • Associate degree 9.08%
  • Bachelor's degree 19.14%
  • Graduate degree 7.38%

Occupation

  • Agriculture, forestry, and fishing 0.10%
  • Construction 7.48%
  • Manufacturing 17.08%
  • Wholesale Trade 3.23%
  • Retail Trade 11.46%
  • Finance, insurance and real estate 6.48%
  • Services 5.38%
  • Public administration 4.09%
  • Information 1.99%
  • Professional 12.25%
  • Education 19.29%
  • Arts 7.18%

Income

  • Average household income $80,013
  • Income change since 2000 16.69%

Climate

  • Avg. January high/low temp 30.04 / 15.71
  • Avg. July high/low temp 82.97 / 60.39
  • Annual precipitation 31.35
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