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 2,041 people, 1,039 houses or apartments, and a median cost of homes of $191,893, house prices in Waterford are solidly below the national average.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Waterford, accounting for 64.03% of the village's housing units. Other types of housing that are prevalent in Waterford include single-family detached homes ( 26.76%), row houses and other attached homes ( 4.00%), and a few large apartment complexes or high rise apartments ( 2.95%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.
People in Waterford primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Waterford has a mixture of owner-occupied and renter-occupied housing.
The housing in Waterford was primarily built before 1939 ( 69.85%), making the housing stock in Waterford some of the oldest overall in America, although there is a range of ages of homes in Waterford. The next most important housing age is between 1940-1969 ( 21.03%), followed by between 1970-1999 ( 6.78%). There's also some housing in Waterford built between 2000 and later ( 2.35%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Waterford, where house values have increased just 38.14%, which is annualized rate of 3.28%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Waterford that despite a nationwide downturn in the housing market, Waterford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waterford appreciation rates continue to be some of the highest in America, at 8.33%, which is higher than appreciation rates in 73.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waterford. Waterford appreciation rates in the latest quarter were at -0.27%, which equates to an annual appreciation rate of -1.06%.
Notably, Waterford's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Waterford's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$191,893
for New york
for nation
1,039
$1,551 / per month