Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.5 yrs |
|---|---|
| Avg HH Size | 2.28 |
| Below Poverty | 8.3% ▼ 17% below avg |
| College Grads | 41.3% ≈ Avg |
| Unemployment | 4.3% ▼ 13% below avg |
| No HS Diploma | 311 (0.6%) |
| HS Graduate | 13,327 (27.4%) |
| Some College | 6,017 (12.4%) |
| Associates | 8,851 (18.2%) |
| Bachelors | 5,407 (11.1%) |
| Graduate Degree | 14,706 (30.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $76,951 ≈ Avg |
|---|---|
| Median Home Value | $231,899 ▼ 17% below avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $1,142/mo |
| Total Housing Units | 32,051 |
| Vacant Units | 1,339 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Waterford is a city in Michigan, located in Oakland County. The city spans 3 ZIP codes and is home to approximately 70,274 residents. It is a middle-aged city, with a median age of 42.47 years.
Economically, Waterford is a middle-income community. The median household income of $76,951 is near the national average. Approximately 8.3% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Waterford is an affordable housing market. Median home values stand at $231,899, which is below the national average. Renters typically pay around $1,142 per month. Homeownership is high at 75.8%, typical of suburban and family-oriented communities.
The population of Waterford is well-educated. 41.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (79.79%).
Waterford, MI offers residents above-average earning potential within Michigan. Spread across 3 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.