The typical owner-occupied home in Waterford is worth about $208,900, 3% below the Ohio median of $214,800 and 37% below the national median of $332,700. Owners pay a median $1,406 a year in property taxes, about 0.67% of their home's value, lower than the Ohio rate of 1.31%. 88% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Waterford at a glance
| Waterford | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $208,900 | $214,800 | $332,700 |
| Median property tax paid per year | $1,406 | $2,822 | $3,119 |
| Property tax as a share of value | 0.67% | 1.31% | 0.94% |
| Median household income | – | $71,389 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 53% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 9.2% | 8.1% | 10.1% |
| Population | 395 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Waterford
At this week's average 30-year rate of 7.11%, buying the median Waterford home of $208,900 with 20% down costs about $1,328 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,676, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $56,910 for the 20%-down payment.
| Down payment | $41,780 |
|---|---|
| Loan amount | $167,120 |
| Principal and interest | $1,124 |
| Property taxes (0.67% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,328 |
Change the numbers in the calculator
| Down payment | $7,312 |
|---|---|
| Loan amount | $205,116 |
| Principal and interest | $1,380 |
| Property taxes (0.67% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $92 |
| Total per month | $1,676 |
Change the numbers in the calculator
Questions about home buying in Waterford
What is the median home value in Waterford?
About $208,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waterford?
Homeowners pay a median $1,406 a year, which is about 0.67% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waterford?
For the median home with 20% down at 7.11%, the payment is about $1,328 a month. Keeping that under 28% of gross income takes about $56,910 a year.
More about Waterford
- Mortgage Refinance in Waterford
- Debt Relief in Waterford
- Home Equity Loans in Waterford
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data