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New Waterford

Learn about the people, housing, costs and businesses in New Waterford, Ohio

Median Home$173,623
Median Rent$609/month
Population1,169
Leading IndustryProfessional Services3% of local workforce
Home Value Growth⬆⬆+15.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
NotableTransit84/100 · excellent transit access
New Waterford
OH

Frequently Asked Questions

What are today's mortgage rates in New Waterford?

As of today, the 30-year fixed mortgage rate for New Waterford is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Waterford?

The median home value in New Waterford is $174k. The median monthly rent is $609. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Waterford?

Home values in New Waterford have increased 15.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Waterford?

Based on a typical all-in ownership cost of $848/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Waterford is $65k/year.

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What industries drive the economy in New Waterford?

The largest employment sectors in New Waterford are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.