Waterford, Lexington, KY demographics:
population, income, and more

Total population
178
1.7% year-over-year change
Median household income
$86,268/yr
3.0% year-over-year change
Housing units
76
0.0% year-over-year change

Waterford population

How many people live in Waterford

Waterford is home to 178 residents, according to the most recent Census data. Gender-wise, 49.4% of Waterford locals are male, and 50.6% are female.

Total population
178
1.7% year-over-year change
Gender ratio
Male
49.4%
88
Female
50.6%
90
Value Percent YoY change
Male 88 49.4% 3.5%
Female 90 50.6% 0.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Waterford is 37, with the population distributed as follows: about 19% are children under 15, then 14% are in the 15 to 24 age group. Adults between 25 and 44 make up 27.9% of the population, while another 24.6% fall into the 45 to 64 bracket. Finally, around 14.5% are 65 or older.

Median age
37.3
Age breakdown
Under 15
19%
15 to 24
14%
25 to 44
27.9%
45 to 64
24.6%
Over 65
14.5%
Value Percent YoY change
Under 15 34 19% 9.7%
15 to 24 25 14% 4.2%
25 to 44 50 27.9% 2.0%
45 to 64 44 24.6% -4.3%
Over 65 26 14.5% 8.3%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Waterford, 88.8% of the population are US-born citizens, while 7.9% have gained naturalized citizenship. At the same time, 3.4% of residents are non-citizens. As for race, 76.8% of locals are Caucasian, 10.7% are African American and 3.4% have Asian roots. There’s also a share of 6.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
88.8%
Non-U.S.-born citizens
7.9%
Non-citizens
3.4%
Value Percent YoY change
U.S.-born citizens 158 88.8% 0.6%
Non-U.S.-born citizens 14 7.9% 27.3%
Non-citizens 6 3.4% -14.3%
Racial breakdown
White
76.8%
Black or African American
10.7%
American Indian and Alaska Native
0%
Asian
3.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.2%
Other
2.8%
Value Percent
White 136 76.8%
Black or African American 19 10.7%
Asian 6 3.4%
Two or more races 11 6.2%
Other 5 2.8%

Households in Waterford

A peek inside Waterford households

Waterford has 72 households, with an average of 2 members in each. Of these, 65.3% are families, while the remaining 34.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
72
0.0% year-over-year change
Average people per household
2
Non-family households
25
Family households
47
Value Percent YoY change
Non-family households 25 34.7% -7.4%
Family households 47 65.3% 2.2%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Waterford

The housing landscape of Waterford

Waterford's housing consists of 76 units, with 71.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.6% and offer a more compact, shared living style.

Housing units
76
0.0% year-over-year change
Housing types
Value Percent
1 unit, detached 55 71.4%
1 unit, attached 2 2.6%
2 units 1 1.3%
3 or 4 units 3 3.9%
5 to 9 units 3 3.9%
10 to 19 units 6 7.8%
20 to 49 units 3 3.9%
50 or more units 4 5.2%
Homes built since 2020
1
0.0% year-over-year change

The age of buildings in Waterford

In Waterford, the median construction year is 1992. Most development happened in the second half of the 20th century. Then, 19.7% of homes were added from 2000 to 2009, 9.2% between 2010 and 2019, and 1.3% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1 1.3% 0.0%
Built between 1950 and 1959 1 1.3% 0.0%
Built between 1960 and 1969 2 2.6% 0.0%
Built between 1970 and 1979 11 14.5% 0.0%
Built between 1980 and 1989 20 26.3% -4.8%
Built between 1990 and 1999 18 23.7% 0.0%
Built between 2000 and 2009 15 19.7% 7.1%
Built between 2010 and 2019 7 9.2% -12.5%
Built in 2020 or later 1 1.3% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Waterford occupancy rates

Out of the 72 occupied housing units in Waterford, 61.1% are owner-occupied, while 40.3% are lived in by tenants. Meanwhile, 5.3% of all homes on the local market sit vacant.

Occupied housing units
72
0.0% year-over-year change
Occupancy breakdown
Renter occupied
29
Owner occupied
44
Value Percent YoY
change
Renter occupied 29 40.3% 0.0%
Owner occupied 44 61.1% 0.0%
Unoccupied housing units
5.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Waterford housing costs

Housing costs in Waterford come to a median of $1,405 per month, while tenants specifically pay a median gross rent of $1,361.

Median housing costs per month
$1,405/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Waterford
$1,361/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Waterford

Waterford education at a glance

About 21.5% of the population in Waterford went to high school, while 18.5% pursued college studies. Another 8.9% earned an associate degree and 28.2% hold a bachelor’s. Meanwhile, 21.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 2 1.5% 100.0%
High school diploma 29 21.5% 7.4%
College diploma 25 18.5% -10.7%
Associate degree 12 8.9% 9.1%
Bachelor's degree 38 28.2% 0.0%
Graduate degree 29 21.5% 0.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Waterford

How much people earn in Waterford

The average annual household income in Waterford was $120,904 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +4.9% change from the previous year. At the same time, the median income stood at $86,268, reflecting a +3% shift over the same period.

Average household income in Waterford
$120,904/year
4.9% year-over-year change
Median household income in Waterford
$86,268/year
3.0% year-over-year change

Waterford income by age

In Waterford, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $82,366. Those with someone between 45 and 64 in charge, often well established professionally, earn $131,707 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $36,000, while those led by someone over 65, many of whom may be retired, have about $72,865 in earnings. Overall, 93.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $36,000 -4.3%
25 - 44 $82,366 -0.5%
45 - 64 $131,707 21.2%
Over 65 $72,865 8.4%
Above poverty level
161
Below poverty level
12
Value Percent YoY
change
Above poverty level 161 93.1% 2.5%
Below poverty level 12 6.9% -7.7%

Employment in Waterford

Workforce and job types in Waterford

87% of the working population are employed in professional or administrative positions, while 13% are in hands-on or service-based jobs. Also, 11% run their own businesses, 63% are employed by private companies, and 14% work in the public sector.

Workforce demographics

White collar
87
Blue collar
13
Value Percent YoY change
White collar 87 87% 3.6%
Blue collar 13 13% 0.0%
Employer type
Self employees
11%
Private companies
63%
Governmental workers
14%
Not for profit companies
12%
Value Percent YoY change
Self employees 11 11% 0.0%
Private companies 63 63% 6.8%
Governmental workers 14 14% 0.0%
Not for profit companies 12 12% 0.0%

Transportation in Waterford

How people get around in Waterford

Means of transportation
Value Percent YoY change
Car 80 100% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Waterford by zipcode?

Zipcode Population Number of households Median income Average income
40515 37,384 15,183 $86,268 $120,904

Explore more communities

FAQs about Waterford demographics 

What is the total population of Waterford?

Waterford has a total population of 178 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +1.7% compared to a year ago.

What is the gender ratio in Waterford?

The gender ratio in Waterford is as follows:
  • 49.4% males (88 residents)
  • 50.6% females (90 residents)

What is the median age in Waterford?

The median age in Waterford is 37.3.

What is the age distribution of the population in Waterford?

The age distribution in Waterford is as follows:
  • Under 15: 19% (34 residents)
  • Ages 15-24: 14% (25 residents)
  • Ages 25-44: 27.9% (50 residents)
  • Ages 45-64: 24.6% (44 residents)
  • Over 65: 14.5% (26 residents)

What is the racial and ethnic makeup of Waterford?

The racial and ethnic makeup of Waterford is as follows:
  • White: 76.8% (136 residents)
  • Black or African American: 10.7% (19 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 3.4% (6 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 6.2% (11 residents)
  • Other: 2.8% (5 residents)

What percentage of the population in Waterford are U.S.-born citizens?

U.S.-born citizens represent 88.8% of the population in Waterford.

How many housing units are there in Waterford?

There are 76 housing units in Waterford, reflecting a 0.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Waterford and what is the average household size?

Waterford has a total of 72 households, with an average of 2 people in each.

What is the median household income in Waterford?

Waterford has a median household income of $86,268, representing a +3.0% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Waterford?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 87% (87 residents)
  • Blue-collar workers: 13% (13 residents)

Places of employment:
  • Self-employed: 11% (11 residents)
  • Private companies: 63% (63 residents)
  • Governmental workers: 14% (14 residents)
  • Not-for-profit companies: 12% (12 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025