New Waterford, OH
Population 982 · Ohio
About New Waterford, OH
New Waterford is a small community in Ohio with a population of 982 residents. The median household income is $51,932 per year, which is near the national average. The median age in New Waterford is 40.9 years.
Housing in New Waterford has a median home value of $131,300 and median monthly rent of $533. Of the 452 total housing units, the majority are owner-occupied, with 325 owner-occupied and 94 renter-occupied units.
The unemployment rate in New Waterford is 3.0% and the poverty rate is 17.3%. 17.3% of residents hold a bachelor's degree or higher. The average commute time is 26.9 minutes.
How New Waterford Ranks in Ohio
Cost of Living in New Waterford, OH
Compared to national averages, New Waterford has a median household income of $51,932 (31% below the national median of $75,149). Home values average $131,300, which is 46% below the national median. Monthly rent at $533 is 54% below the US average of $1,163. Within Ohio, New Waterford's income is 28% below the state average of $71,814, and home values are 25% below the state median of $174,449.
Why Live in New Waterford, OH?
New Waterford offers affordable housing with a median home value of $131,300, below the US average of $244,900, and rent that’s lower than the national average at $533/month, and a strong job market with an unemployment rate of just 3.0%.
Potential considerations include median household income ($51,932) that falls below the national average. However, New Waterford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Waterford has a population of 982 with a median age of 40.9 years. Compare New Waterford with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near New Waterford
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Holland | 981 | $51,544 | $134,800 | Compare |
| Brady Lake | 980 | $38,438 | $157,300 | Compare |
| Grand Rapids | 985 | $73,125 | $159,800 | Compare |
| Ostrander | 993 | $144,821 | $438,400 | Compare |
| Beloit | 995 | $48,684 | $98,300 | Compare |
| Saybrook-on-the-Lake | 996 | $55,179 | $160,800 | Compare |
| Pigeon Creek | 966 | $156,250 | $350,900 | Compare |
| Killbuck | 999 | $75,625 | $141,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Waterford
What is the population of New Waterford, OH?
The population of New Waterford, OH is 982 according to the latest Census data.
What is the median household income in New Waterford?
The median household income in New Waterford, OH is $51,932 per year.
What is the median home value in New Waterford?
The median home value in New Waterford, OH is $131,300.
What is the average rent in New Waterford?
The median monthly rent in New Waterford, OH is $533.
What is the unemployment rate in New Waterford?
The unemployment rate in New Waterford, OH is 3.0%.