The median home in Waterford, Michigan is valued at $263,243, up 3.6% year over year. Typical monthly rent is $1,587, producing a price-to-rent ratio of 13.8x — below the national average of 18x. Waterford is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$263,243

+3.6%

Rent$1,587/mo

AFFORDABILITY

Enter your income for Waterford.

Income (annual)

Down Payment

$52,649 on $263,243

Stretch — 28.8% of income

Above 28% but manageable with cuts.

PITI$1,802

P/I28.8%

Afford$256K

Gap-$8K

P&I $1,331Tax $338Ins $133

Renting $215/mo cheaper ($1,587 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Waterford with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

WATERFORD, MI