Waterford, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Waterford, MI: Quick Facts & Overview
- Population: 20,960 residents (702 people per sq. mi.)
- Average House Price: $256,083
- Average Household Income: $74,788
Waterford, MI is located in the state of Michigan. It is home to about 20,960 people, with around 702 residents living in every square mile.
If you want to buy a house in Waterford, the average price is around $256,083. That makes local housing 15% higher than the Michigan average of $221,733, and 17% lower than the national average of $308,592.
The average household in Waterford earns about $74,788 a year. This income is 2% higher than the average family in Michigan ($73,374), and 5% lower than the national average ($78,686).
Population
20,960
Median Household Income
$74,788
Median Home Value
$256,083
Median Age
40.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $43,944 |
| Labor Force Participation | 68.0% |
| Unemployment Rate | 5.1% |
| Average Commute Time | 29.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 72.2% |
| Median Rent | $1,113 |
| Rent Burdened (>30% Income) | 27.9% |
| Total Housing Units | 9,451 |
Additional Census & Housing Profile
Geographic Overview
| County | Oakland |
| County FIPS | 26125 |
| Metro Area (CBSA) | Detroit-Warren-Dearborn, MI |
| Combined Area (CSA) | Detroit-Warren-Ann Arbor, MI |
| Population Density | 701.5/sq mi |
| Coordinates (lat/lng) | 42.6603, -83.3871 |
| Timezone | America/Detroit |
| National Ranking | 3 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.95 |
| Dual Income Families | 60.4% |
Marital Status
| Married | 49.2% |
| Never Married | 31.4% |
| Divorced | 13.7% |
| Widowed | 5.8% |
Gender
| Male | 48.1% |
| Female | 51.9% |
Health & Poverty
| Uninsured Rate (Health) | 6.6% |
| Poverty Rate | 9.0% |
Key Population Groups
| Veterans | 5.0% |
| Disabled Population | 12.2% |
| Limited English Proficiency | 1.0% |
All ZIP Codes in Waterford
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 48327 | 20,960 | $74,788 | $256,083 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Sylvan Lake, MI | 4 miles | 1,705 |
| Lake Angelus, MI | 4 miles | 238 |
| Keego Harbor, MI | 4.2 miles | 2,747 |
| Pontiac, MI | 5.1 miles | 62,104 |
| Orchard Lake Village, MI | 5.2 miles | 2,238 |
| Village of Clarkston, MI | 5.4 miles | 874 |
| Auburn Hills, MI | 7.3 miles | 25,105 |
| Wolverine Lake, MI | 8.9 miles | 4,487 |
| Bloomfield Hills, MI | 9.2 miles | 4,415 |
| Walled Lake, MI | 9.7 miles | 7,299 |
| Franklin, MI | 10.7 miles | 2,554 |
| Lake Orion, MI | 11.1 miles | 2,863 |
| Bingham Farms, MI | 11.3 miles | 1,680 |
| Rochester Hills, MI | 11.7 miles | 77,089 |
| Birmingham, MI | 11.8 miles | 21,763 |
| Wixom, MI | 12 miles | 17,295 |
| Milford, MI | 12 miles | 6,487 |
| Farmington Hills, MI | 12.1 miles | 83,515 |
| Beverly Hills, MI | 12.1 miles | 10,524 |
| Oxford, MI | 13 miles | 3,474 |
| Troy, MI | 13.4 miles | 87,898 |
| Ortonville, MI | 13.5 miles | 1,341 |
| Novi, MI | 13.6 miles | 66,717 |
| Rochester, MI | 13.7 miles | 12,934 |
| Farmington, MI | 13.7 miles | 11,504 |
| Southfield, MI | 14.2 miles | 76,236 |
| Lathrup Village, MI | 14.2 miles | 4,059 |
| Clawson, MI | 14.8 miles | 11,374 |
| Berkley, MI | 15.2 miles | 15,149 |
| Holly, MI | 15.3 miles | 5,964 |
| Royal Oak, MI | 15.8 miles | 57,950 |
| Northville, MI | 16.4 miles | 6,069 |
| Huntington Woods, MI | 16.6 miles | 6,328 |
| Oak Park, MI | 17.1 miles | 29,318 |
| Madison Heights, MI | 17.9 miles | 28,419 |
| Pleasant Ridge, MI | 18 miles | 2,602 |
| Livonia, MI | 18.2 miles | 93,851 |
| Hartland, MI | 18.2 miles | 912 |
| Goodrich, MI | 18.6 miles | 2,022 |
| Utica, MI | 18.7 miles | 5,180 |
| Leonard, MI | 18.8 miles | 346 |
| Sterling Heights, MI | 18.9 miles | 133,573 |
| Ferndale, MI | 19 miles | 19,190 |
| Fenton, MI | 19.2 miles | 11,906 |
| South Lyon, MI | 19.3 miles | 146,383 |
| Hazel Park, MI | 20.1 miles | 14,963 |
| Metamora, MI | 20.1 miles | 693 |
| Plymouth, MI | 20.4 miles | 9,214 |
| Lake Fenton, MI | 20.7 miles | 6,417 |
| Warren, MI | 21.6 miles | 137,928 |
| Grand Blanc, MI | 21.8 miles | 7,987 |
| Romeo, MI | 21.9 miles | 3,578 |
| Center Line, MI | 22.1 miles | 8,463 |
| Brighton, MI | 22.1 miles | 7,688 |
| Linden, MI | 22.8 miles | 4,160 |
| Highland Park, MI | 23 miles | 8,628 |
| Garden City, MI | 23.3 miles | 26,739 |
| Westland, MI | 23.6 miles | 83,633 |
| Fraser, MI | 23.8 miles | 14,583 |
| Dryden, MI | 23.8 miles | 1,182 |
| Detroit, MI | 24 miles | 3,773,720 |
| Dearborn Heights, MI | 24.4 miles | 61,771 |
| Argentine, MI | 24.5 miles | 2,190 |
| Whitmore Lake, MI | 24.7 miles | 7,878 |
| Hamtramck, MI | 24.9 miles | 27,743 |
| Almont, MI | 25 miles | 2,838 |
| Roseville, MI | 25.2 miles | 47,123 |
| Dearborn, MI | 25.6 miles | 107,423 |
| Inkster, MI | 25.6 miles | 25,428 |
| Mount Clemens, MI | 26 miles | 15,511 |
| Burton, MI | 26.1 miles | 29,500 |
| Eastpointe, MI | 26.2 miles | 33,982 |
| Wayne, MI | 26.5 miles | 17,310 |
| Davison, MI | 26.5 miles | 5,076 |
| Lapeer, MI | 26.7 miles | 9,082 |
| St. Clair Shores, MI | 27.5 miles | 58,140 |
| Harper Woods, MI | 27.9 miles | 15,116 |
| Howell, MI | 28 miles | 10,021 |
| Attica, MI | 28.1 miles | 627 |
| Melvindale, MI | 28.3 miles | 12,554 |
| Armada, MI | 28.5 miles | 1,994 |
| Allen Park, MI | 29.1 miles | 27,925 |
| Imlay City, MI | 29.2 miles | 3,721 |
| Grosse Pointe Woods, MI | 29.3 miles | 16,094 |
| Flint, MI | 29.5 miles | 295,285 |
| River Rouge, MI | 29.9 miles | 7,008 |
| Village of Grosse Pointe Shores, MI | 30.1 miles | 2,795 |
| Romulus, MI | 30.2 miles | 24,831 |
| Gaines, MI | 30.3 miles | 552 |
| Barton Hills, MI | 30.3 miles | 430 |
| Grosse Pointe Park, MI | 30.4 miles | 11,319 |
| Grosse Pointe Farms, MI | 30.4 miles | 9,904 |
| New Haven, MI | 30.4 miles | 6,475 |
| Swartz Creek, MI | 30.5 miles | 5,853 |
| Grosse Pointe, MI | 30.5 miles | 5,541 |
| Taylor, MI | 30.6 miles | 62,081 |
| Byron, MI | 30.6 miles | 617 |
| Lincoln Park, MI | 30.7 miles | 39,257 |
| Ypsilanti, MI | 31.1 miles | 19,857 |
| Ecorse, MI | 31.1 miles | 9,064 |