The typical owner-occupied home in Waterford is worth about $1,079,700, 2.8 times the Virginia median of $383,700 and 3.2 times the national median of $332,700. Owners pay a median $8,424 a year in property taxes, about 0.78% of their home's value, higher than the Virginia rate of 0.73%. 100% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
Waterford at a glance
| Waterford | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $1,079,700 | $383,700 | $332,700 |
| Median property tax paid per year | $8,424 | $2,790 | $3,119 |
| Property tax as a share of value | 0.78% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 86% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,283 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 43.2% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1938 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 220 | 8,705,170 | 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 $1,079,700 with 20% down costs about $6,962 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,935, 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 $298,382 for the 20%-down payment.
| Down payment | $215,940 |
|---|---|
| Loan amount | $863,760 |
| Principal and interest | $5,811 |
| Property taxes (0.78% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $450 |
| PMI | $0 |
| Total per month | $6,962 |
Change the numbers in the calculator
| Down payment | $37,790 |
|---|---|
| Loan amount | $1,060,144 |
| Principal and interest | $7,132 |
| Property taxes (0.78% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $450 |
| FHA mortgage insurance | $651 |
| Total per month | $8,935 |
Change the numbers in the calculator
Questions about home buying in Waterford
What is the median home value in Waterford?
About $1,079,700 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 $8,424 a year, which is about 0.78% 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 $6,962 a month. Keeping that under 28% of gross income takes about $298,382 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