Waterford, MI Real Estate

According to census data in the year 2000 there were 30,383 housing units in Waterford. This represents a 14.6% growth from 26,509 in 1990.

Of those housing units, 30,383 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Waterford is about 76.2%. Waterford's vacancy rate, including seasonal lodging, is about 3.3%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Waterford were built after 1967.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom12.10%
Two Bedrooms25.90%
Three Bedrooms46.90%
Four Bedrooms12.30%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1964
Median Value of occupied units$144,400
Median Price asked for vacant units$161,700

Rented Homes, Apartments and Condos

Average Household Size1.82
Median year structure was built1974
Median Monthly Rent asked for vacant units$619

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage6%
Home Equity Loan12.90%
Simple Mortgage59.30%
Debt Free21.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%