New Waterford, OH
Population 982 · Ohio
About New Waterford, OH
New Waterford is a small community located in Ohio with a population of 982 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,932 per year, which is 31% below the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Waterford features a median home value of $131,300, which is 46% below the national median of $244,900. This makes New Waterford one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $533, 54% below the national average of $1,163/month. Of the 452 total housing units, 78% are owner-occupied (325 units) and 22% are renter-occupied (94 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Waterford shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.3%, above the national average of 12.4%. Workers in New Waterford have an average one-way commute time of 26.9 minutes.
Education & Demographics
17.3% of New Waterford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 1.5% Asian residents, with 0.6% of the population being foreign-born.
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.
Compare New Waterford With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in New Waterford?
The median household income in New Waterford, OH is $51,932 per year, which is 31% below the national median of $75,149.
What is the median home value in New Waterford?
The median home value in New Waterford, OH is $131,300, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Waterford?
The median monthly rent in New Waterford, OH is $533, which is 54% below the national average of $1,163/month.
What is the unemployment rate in New Waterford?
The unemployment rate in New Waterford, OH is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Waterford, OH a good place to live?
New Waterford offers a moderate cost of living, affordable housing, and a strong job market. With a population of 982 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is New Waterford, OH?
17.3% of residents in New Waterford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Waterford?
Key cost-of-living indicators for New Waterford, OH: median home value is $131,300 (46% below national), median rent is $533/month, and median household income is $51,932. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Waterford?
The poverty rate in New Waterford, OH is 17.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Waterford, OH?
New Waterford's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 1.5% Asian, and 1.4% two or more races. 0.6% of residents are foreign-born.