Waterford is a tiny town located in the state of Virginia. With a population of 181 people and just one neighborhood, Waterford is the 401st largest community in Virginia. Much of the housing stock in Waterford was built prior to World War II, making it one of the older and more historic towns in the country.
Waterford home prices are not only among the most expensive in Virginia, but Waterford real estate also consistently ranks among the most expensive in America.
Waterford is a decidedly white-collar town, with fully 100.00% of the workforce employed in white-collar jobs, well above the national average. Overall, Waterford is a town of sales and office workers, managers, and professionals. There are especially a lot of people living in Waterford who work in sales jobs (56.00%), management occupations (26.67%), and computer science and math (17.33%).
Also of interest is that Waterford has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Waterford telecommute to their jobs. Overall, about 26.67% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Waterford is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Waterford really has some of the features that families look for when choosing a good community to raise children. Is Waterford perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
It is a fairly quiet town because there are relatively few of those groups of people who have a tendency to be noisy. (Children, for example, often can't help themselves from being noisy, and being parents ourselves, we know!) Waterford has relatively few families with children living at home, and is quieter because of it. Renters and college students, for their own reasons, can also be noisy. Waterford has few renters and college students. But the biggest reason it is quieter in Waterford than in most places in America, is that there are just simply fewer people living here. If you think trees make good neighbors, Waterford may be for you.
As is often the case in a small town, Waterford doesn't have a public transportation system that people use for their commute.
If knowledge is power, Waterford is a pretty powerful place. 87.19% of the adults in Waterford have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Waterford in 2018 was $97,833, which is wealthy relative to Virginia and the nation. This equates to an annual income of $391,332 for a family of four.
The people who call Waterford home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waterford residents report their race to be White. Important ancestries of people in Waterford include European, English, Dutch, Irish, and Italian.
The most common language spoken in Waterford is English. Other important languages spoken here include Langs. of India and Russian.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Waterford, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.6% of America's neighborhoods are wealthier than the neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.
In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 96.7% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Also, according to NeighborhoodScout's exclusive analysis, is among the best neighborhoods for families in Virginia. In fact, this neighborhood is more family-friendly than 96.5% of neighborhoods in the entire state of Virginia. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and college students.
Real Estate
One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, the neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.1% of all neighborhoods in America.
Furthermore, real estate in the neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.9% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Modes of Transportation
In the neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 27.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Diversity
Did you know that the neighborhood has more Armenian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Armenian ancestry and 2.4% have Greek ancestry.
is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Waterford are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the neighborhood, 61.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.4%), and 7.8% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the neighborhood is English, spoken by 82.9% of households. Some people also speak Spanish (8.3%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Waterford, VA, residents most commonly identify their ethnicity or ancestry as German (12.8%). There are also a number of people of English ancestry (12.8%), and residents who report Irish roots (12.4%), and some of the residents are also of Italian ancestry (10.5%), along with some Asian ancestry residents (6.2%), among others. In addition, 11.0% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 45 minutes and one hour commuting one-way to work (40.9% of working residents), longer and tougher than most commutes in America.
Here most residents (62.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
