USA.com / Michigan / Oakland County / Waterford, MI / Housing

Waterford, MI Housing

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As of 2005-2009, median price of a house in Waterford is $169,900, which is higher than the state average of $120,200 and is about the same as the national average of $175,700. The Waterford median house value has grown by 17.66% since 2000. The growth rate for the price of a house in Waterford is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Waterford was built is 1969, which is about the same as the median year for a house built in the state which is 1968 and is older than the median year for a house built in the USA which is 1974.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 22,175 Owner Occupied Houses in Waterford, MI, see rank

Waterford, MI	169,900 USD
Michigan	147,500 USD
U.S.	185,400 USD

Median House Price Growth Since 2000, see rank

Waterford, MI	17.66%
Michigan	3.98%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2005-2009 data. View historical house value data.

Housing Occupancy

	Waterford, MI	Michigan	U.S.
Total Housing Units	31,113, see rank, 100%	4,522,600	127,699,712
Occupied Housing Units	29,140, 93.66%, see rank	85.35%	88.18%
Owner Occupied	22,175, 71.27%, see rank	63.68%	58.98%
Renter Occupied	6,965, 22.39%, see rank	21.67%	29.20%
Vacant Housing Units	1,973, 6.34%, see rank	14.65%	11.82%
For Rent	586, 1.88%, see rank	2.36%	2.52%
For Sale Only	323, 1.04%, see rank	2.04%	1.39%
Rented or Sold, Not Occupied	241, 0.77%, see rank	1.05%	0.99%
For Seasonal, Recreational, or Occasional Use	327, 1.05%, see rank	5.76%	3.45%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	496, 1.59%, see rank	3.41%	3.44%

*Based on 2005-2009 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, see rank

Waterford, MI	Michigan	U.S.
1969	1968	1974

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2005-2009 data. View historical year structure built data.

Mortgage Status

	Waterford, MI	%	Michigan	U.S.
Owner-Occupied Units	22,175	100%	2,879,917	75,320,422
With a Mortgage	17,239	77.74%, see rank	68.53%	68.07%
Without a Mortgage	4,936	22.26%, see rank	31.47%	31.93%

*Based on 2005-2009 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Waterford, MI	1,455 USD
Michigan	1,349 USD
U.S.	1,486 USD

Owner Costs Distribution

Monthly Owner Costs	Waterford, MI	%	Michigan	U.S.
$299 or Less	34	0.20%, see rank	0.28%	0.25%
$300 to $499	191	1.11%, see rank	2.00%	2.04%
$500 to $699	302	1.75%, see rank	5.92%	5.81%
$700 to $999	2,148	12.46%, see rank	17.52%	15.11%
$1,000 to $1,499	6,613	38.36%, see rank	33.98%	27.52%
$1,500 to $1,999	4,525	26.25%, see rank	21.08%	19.69%
$2,000 to $2,999	2,492	14.46%, see rank	14.46%	18.64%
$3,000 or More	934	5.42%, see rank	4.76%	10.94%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Waterford, MI	24.90% of the Total Income
Michigan	24.50% of the Total Income
U.S.	24.80% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Waterford, MI	%	Michigan	U.S.
10% or Less	635	3.68%, see rank	4.53%	4.96%
10% to 20%	4,977	28.87%, see rank	29.98%	29.32%
20% to 30%	5,151	29.88%, see rank	30.00%	28.59%
30% to 40%	2,676	15.52%, see rank	14.95%	15.19%
40% or More	3,743	21.71%, see rank	20.14%	21.54%

*Based on 2005-2009 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Waterford, MI	447 USD
Michigan	438 USD
U.S.	419 USD

Owner Costs Distribution

Monthly Owner Costs	Waterford, MI	%	Michigan	U.S.
$199 or Less	161	3.26%, see rank	5.77%	9.53%
$200 to $299	571	11.57%, see rank	14.41%	17.52%
$300 to $499	2,411	48.85%, see rank	42.54%	35.99%
$500 to $699	1,306	26.46%, see rank	23.80%	19.44%
$700 or More	487	9.87%, see rank	13.48%	17.51%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Waterford, MI	12.90% of the Total Income
Michigan	13.70% of the Total Income
U.S.	12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Waterford, MI	%	Michigan	U.S.
10% or Less	1,735	35.15%, see rank	33.86%	38.97%
10% to 20%	1,734	35.13%, see rank	34.38%	31.92%
20% to 30%	639	12.95%, see rank	13.81%	12.69%
30% to 40%	281	5.69%, see rank	6.46%	5.92%
40% or More	450	9.12%, see rank	10.44%	9.52%

*Based on 2005-2009 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Waterford, MI	Michigan	U.S.
Total Housing Units	31,113, 100%	4,522,600	127,699,712
1-unit, Detached	23,102, 74.25%, see rank	71.69%	61.57%
1-unit, Attached	1,451, 4.66%, see rank	4.50%	5.70%
2 Units	92, 0.30%, see rank	2.85%	3.94%
3 or 4 Units	587, 1.89%, see rank	2.64%	4.51%
5 to 9 Units	1,649, 5.30%, see rank	4.12%	4.87%
10 or More Units	3,991, 12.83%, see rank	8.38%	12.58%
Mobile Home, Boat, RV, Van, etc.	241, 0.77%, see rank	5.83%	6.85%

*Based on 2005-2009 data. View historical units in structure data.

Rooms

	Waterford, MI	Michigan	U.S.
Total Housing Units	31,113, 100%	4,522,600	127,699,712
1 Room	53, 0.17%, see rank	0.80%	1.39%
2 Rooms	729, 2.34%, see rank	1.95%	2.78%
3 Rooms	2,417, 7.77%, see rank	7.23%	9.07%
4 Rooms	4,318, 13.88%, see rank	14.79%	17.03%
5 Rooms	7,201, 23.14%, see rank	22.35%	21.24%
6 Rooms	7,014, 22.54%, see rank	20.72%	18.70%
7 Rooms	4,437, 14.26%, see rank	13.56%	12.36%
8 Rooms	2,594, 8.34%, see rank	8.79%	8.26%
9 Rooms or More	2,350, 7.55%, see rank	9.81%	9.16%
Median Rooms	5.60, see rank	5.60	5.40

*Based on 2005-2009 data. View historical rooms data.

Bedrooms

	Waterford, MI	Michigan	U.S.
Total Housing Units	31,113, 100%	4,522,600	127,699,712
No Bedroom	61, 0.20%, see rank	0.97%	1.66%
1 Bedroom	3,466, 11.14%, see rank	9.19%	11.48%
2 Bedrooms	7,857, 25.25%, see rank	26.84%	27.48%
3 Bedrooms	15,028, 48.30%, see rank	44.02%	39.79%
4 Bedrooms	4,109, 13.21%, see rank	15.64%	15.64%
5 or More Bedrooms	592, 1.90%, see rank	3.33%	3.94%

*Based on 2005-2009 data. View historical bedrooms data.

House Heating Fuel

	Waterford, MI	Michigan	U.S.
Total Housing Units	29,140, 100%	3,860,160	112,611,029
Utility Gas	26,888, 92.27%, see rank	77.92%	50.14%
Bottled, Tank, or LP Gas	166, 0.57%, see rank	9.43%	5.58%
Electricity	1,632, 5.60%, see rank	6.96%	33.56%
Fuel Oil, Kerosene, etc.	162, 0.56%, see rank	2.26%	7.38%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	111, 0.38%, see rank	2.48%	1.89%
Solar Energy	0, 0.00%, see rank	0.02%	0.03%
Other Fuel	181, 0.62%, see rank	0.64%	0.42%
No Fuel Used	0, 0.00%, see rank	0.27%	0.88%

*Based on 2005-2009 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Waterford, MI	Michigan	U.S.
Occupied Units Paying Rent	6,643, 100%	924,264	35,101,833
$199 or Less	177, 2.66%, see rank	3.26%	2.52%
$200 to $299	296, 4.46%, see rank	3.97%	3.53%
$300 to $499	515, 7.75%, see rank	13.09%	10.66%
$500 to $699	2,214, 33.33%, see rank	28.45%	20.44%
$700 to $999	1,884, 28.36%, see rank	32.17%	29.94%
$1,000 to $1,499	1,044, 15.72%, see rank	15.05%	22.31%
$1,500 to $1,999	397, 5.98%, see rank	2.70%	6.90%
$2,000 or More	116, 1.75%, see rank	1.31%	3.71%
Median	$711, see rank	$709	$817

*Based on 2005-2009 data. View historical gross rent data.

Vehicle Available

	Waterford, MI	Michigan	U.S.
Occupied Housing Units	29,140, 100%	3,860,160	112,611,029
No Vehicles Available	1,635, 5.61%, see rank	6.96%	8.80%
1 Vehicles Available	9,710, 33.32%, see rank	33.64%	33.21%
2 Vehicles Available	12,501, 42.90%, see rank	39.88%	37.98%
3 or More Vehicles Available	5,294, 18.17%, see rank	19.51%	20.01%

*Based on 2005-2009 data. View historical vehicle available data.