Waterford, Pontiac, MI
Waterford — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Waterford, Pontiac, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Waterford Neighborhood Overview
Waterford is a community located in Oakland County, Michigan, centered around the postal code 48340. It is known for its numerous lakes and parks, offering a suburban feel with natural amenities. The area provides a balance of residential living and access to larger metropolitan centers.
Lifestyle & Amenities
Residents enjoy a lifestyle heavily influenced by outdoor recreation, with access to boating, fishing, and parks. The area features shopping centers, local restaurants, and community events throughout the year. Its location provides convenient access to retail and services for daily needs.
Real Estate Market
The real estate market in Waterford offers more affordable options within Oakland County. The U.S. Census reports a median home value of $89,900, while current market data shows an asking price per square foot of approximately $188. This indicates a market with a range of housing types and values.
Schools & Education
Schools in the Waterford area are part of the Waterford School District. The district serves the community with a variety of public educational institutions. Families have access to local elementary, middle, and high schools within the district boundaries.
Transportation & Connectivity
Waterford is well-connected by major roads including M-59 (Highland Road) and Dixie Highway, facilitating easy travel by car. The area is within a reasonable driving distance to major employment centers in Oakland County and Detroit. Public transportation options are available but are less extensive than in core urban areas.
Why Choose Waterford
Waterford is an attractive choice for those seeking a suburban community with abundant lakes and outdoor activities at a relatively accessible price point. Its location offers a compromise between natural settings and urban convenience. The area represents a practical option for homeownership in the region.
Waterford Market Data
| Metric | Value |
|---|---|
| Median Home Price | $90K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $46K |
| Homeownership Rate | 41.0% |
| Renter-Occupied | 59.0% |
| Rental Vacancy Rate | 6.9% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 48340 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Waterford, Pontiac
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Waterford, Pontiac, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12