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
With a population of 19,281, 7,839 total housing units (homes and apartments), and a median house value of $247,602, Waterford real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Waterford, accounting for 87.21% of the town's housing units. Other types of housing that are prevalent in Waterford include large apartment complexes or high rise apartments ( 5.96%), row houses and other attached homes ( 2.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waterford. Owner-occupied housing accounts for 82.85% of Waterford's homes, and 65.38% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waterford's housing was primarily built during this period, from the '40s through the '60s. A full 39.38% of the town's housing hails from this era. Other housing ages represented in Waterford include homes built between 1970-1999 ( 31.40%) and housing constructed before 1939 ( 20.99%). There's also some housing in Waterford built between 2000 and later ( 8.23%).
Vacant housing appears to be an issue in Waterford. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Waterford homes and apartments can be a drag on the real estate market, holding Waterford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Waterford over the last then years, as home values have seen a decline of 22.41% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Waterford home appreciation rates at -1.34%, which equates to an annual appreciation rate of -5.24%.
Over the last year, Waterford appreciation rates have trailed the rest of the nation. In the last twelve months, Waterford's appreciation rate has been -0.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterford were at -1.34%, which equates to an annual appreciation rate of -5.24%.
Notably, Waterford's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Waterford's latest annual appreciation rate is lower than 50% of the other cities and towns in Connecticut.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Waterford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waterford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Waterford real estate investment or home purchase decisions.
|$733,001 - $977,000||2.0|
|$489,001 - $733,000||6.0|
|$391,001 - $489,000||8.1|
|$293,001 - $391,000||16.1|
|$195,001 - $293,000||37.1|
|$98,001 - $195,000||25.0|
|$49,001 - $98,000||2.2|
|$0 - $49,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Waterford HOMES|
|2000 or Newer||8.2|
|1970 - 1999||31.4|
|1940 - 1969||39.4|
|1939 or Older||21.0|
|TYPE OF Waterford HOMES|
|Small Apt. Buildings||2.7|
|SIZE OF Waterford HOMES|
|5 or more bedrooms||3.75|