Waterford, VA
Population 243 · Virginia
About Waterford, VA
Waterford is a small community located in Virginia with a population of 243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 66.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waterford features a median home value of $1,016,300, which is 315% above the national median of $244,900. This places Waterford in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 129 total housing units, 100% are owner-occupied (129 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waterford shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waterford have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
93.4% of Waterford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Waterford Ranks in Virginia
Cost of Living in Waterford, VA
Compared to national averages, Waterford has a median household income of $0 (100% below the national median of $75,149). Home values average $1,016,300, which is 315% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Waterford's income is 100% below the state average of $87,957, and home values are 210% above the state median of $327,514.
Why Live in Waterford, VA?
Waterford offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 93.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average, and a competitive housing market where the typical home costs $1,016,300. However, Waterford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waterford has a population of 243 with a median age of 66.3 years. Compare Waterford with other cities to see how it stacks up, or explore all cities in Virginia.
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Demographics
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Economy & Education
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Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waterford
What is the population of Waterford, VA?
The population of Waterford, VA is 243 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Virginia.
What is the median household income in Waterford?
The median household income in Waterford, VA is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Waterford?
The median home value in Waterford, VA is $1,016,300, which is 315% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waterford?
The median monthly rent in Waterford, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waterford?
The unemployment rate in Waterford, VA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Waterford, VA a good place to live?
Waterford offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 243 and a median age of 66.3, the city appeals to established professionals and retirees.
How educated is Waterford, VA?
93.4% of residents in Waterford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Waterford?
Key cost-of-living indicators for Waterford, VA: median home value is $1,016,300 (315% above national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Waterford?
The poverty rate in Waterford, VA is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waterford, VA?
Waterford's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.