Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 9,335, 2,426 total housing units (homes and apartments), and a median house value of $669,003, real estate costs in Waterford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Waterford, accounting for 77.15% of the city's housing units. Other types of housing that are prevalent in Waterford include duplexes, homes converted to apartments or other small apartment buildings ( 10.88%), large apartment complexes or high rise apartments ( 10.42%), and a few mobile homes or trailers ( 1.55%).
The most prevalent building size and type in Waterford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.99% owning and 45.01% renting.
There is a lot of housing in Waterford built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waterford built between 2000 and later ( 28.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.07%). There's also some housing in Waterford built before 1939 ( 3.70%).
In the last 10 years, Waterford has experienced some of the highest home appreciation rates of any community in the nation. Waterford real estate appreciated 134.85% over the last ten years, which is an average annual home appreciation rate of 8.91%, putting Waterford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waterford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Waterford appreciation rates have trailed the rest of the nation. In the last twelve months, Waterford's appreciation rate has been 4.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterford were at 2.63%, which equates to an annual appreciation rate of 10.94%.
Relative to California, our data show that Waterford's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
$669,003
for California
for nation
2,426
$2,166 / per month