Home values, rents and more in Waterford, MI
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Waterford in ProMap- Under $250k
- $250k–$290k
- $290k–$380k
- $380k–$480k
- $480k+
- No data
How Waterford compares
The typical home in Waterford, MI is worth about $275,000, according to the Zillow Home Value Index for September 2026. Home values in Waterford are 4% above the typical value in the Detroit metro area ($264,000) and 25% below the U.S. typical value ($366,000).
Over the past year, home values in Waterford rose 2.9%, compared with +1.8% in the Detroit metro area and +1.2% nationally.
Typical rent is $1,323 a month (Zillow Observed Rent Index), 13% below the Detroit metro area ($1,514) and 32% below the U.S. ($1,932). Rents rose 3.3% over the past year.
The median household income is $77,101, against $76,664 in the Detroit metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 70,160 people live in Waterford (American Community Survey 2020–24).
Waterford has the 55th-lowest typical home value of the 133 cities in the Detroit metro area and the 252nd-highest of 686 in Michigan with Zillow figures.
Part of: Oakland County, MI · Detroit metro area · Michigan
More for Waterford in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Waterford, MI
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.