Waterford, ME demographics:
population, income, and more

Total population
1,295
-1.7% year-over-year change
Median household income
$63,750/yr
-1.9% year-over-year change
Housing units
997
-1.6% year-over-year change

Waterford population

How many people live in Waterford

Waterford is home to 1,295 residents, according to the most recent Census data. Gender-wise, 46.7% of Waterford locals are male, and 53.3% are female.

Total population
1,295
-1.7% year-over-year change
Gender ratio
Male
46.7%
605
Female
53.3%
690
Value Percent YoY change
Male 605 46.7% -11.2%
Female 690 53.3% 8.5%
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 56, with the population distributed as follows: about 11.3% are children under 15, then 8.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 20.4% of the population, while another 32.3% fall into the 45 to 64 bracket. Finally, around 27.7% are 65 or older.

Median age
56
Age breakdown
Under 15
11.3%
15 to 24
8.3%
25 to 44
20.4%
45 to 64
32.3%
Over 65
27.7%
Value Percent YoY change
Under 15 146 11.3% 73.8%
15 to 24 108 8.3% -22.9%
25 to 44 264 20.4% 3.5%
45 to 64 418 32.3% -14.5%
Over 65 359 27.7% 2.9%
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, 96% of the population are US-born citizens, while 3.6% have gained naturalized citizenship. At the same time, 0.5% of residents are non-citizens. There’s also a share of 6.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
96%
Non-U.S.-born citizens
3.6%
Non-citizens
0.5%
Value Percent YoY change
U.S.-born citizens 1,243 96% -2.4%
Non-U.S.-born citizens 46 3.6% 4.5%
Non-citizens 6 0.5% N/A
Racial breakdown
White
93.4%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.1%
Other
0.5%
Value Percent
White 1,210 93.4%
Two or more races 79 6.1%
Other 6 0.5%

Households in Waterford

A peek inside Waterford households

Waterford has 584 households, with an average of 2 members in each. Of these, 61.8% are families, while the remaining 38.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
584
-1.4% year-over-year change
Average people per household
2
Non-family households
223
Family households
361
Value Percent YoY change
Non-family households 223 38.2% 0.9%
Family households 361 61.8% -2.7%
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 997 units, with 84.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 13% of the housing landscape.

Housing units
997
-1.6% year-over-year change
Housing types
Value Percent
1 unit, detached 842 84.4%
1 unit, attached 7 0.7%
2 units 8 0.8%
10 to 19 units 7 0.7%
20 to 49 units 3 0.3%
Mobile home 130 13%
Homes built since 2020
4
0.0% year-over-year change

The age of buildings in Waterford

In Waterford, the median construction year is 1960. About 18.8% of homes were built before the 1940s, with another 1.6% going up by 1949. Most development happened in the second half of the 20th century. Then, 13.7% of homes were added from 2000 to 2009, 9% between 2010 and 2019, and 0.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 187 18.8% 3.3%
Built between 1940 and 1949 16 1.6% 14.3%
Built between 1950 and 1959 36 3.6% -16.3%
Built between 1960 and 1969 130 13% 58.5%
Built between 1970 and 1979 94 9.4% -5.0%
Built between 1980 and 1989 132 13.2% -5.7%
Built between 1990 and 1999 171 17.2% -1.7%
Built between 2000 and 2009 137 13.7% -22.2%
Built between 2010 and 2019 90 9% -10.0%
Built in 2020 or later 4 0.4% 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 584 occupied housing units in Waterford, 88.2% are owner-occupied, while 11.8% are lived in by tenants. Meanwhile, 41.4% of all homes on the local market sit vacant.

Occupied housing units
584
-1.4% year-over-year change
Occupancy breakdown
Renter occupied
69
Owner occupied
515
Value Percent YoY
change
Renter occupied 69 11.8% 30.2%
Owner occupied 515 88.2% -4.5%
Unoccupied housing units
41.4%
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 $1,133 per month, while tenants specifically pay a median gross rent of $870.

Median housing costs per month
$1,133/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
$870/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 36.9% of the population in Waterford went to high school, while 19.9% pursued college studies. Another 10.1% earned an associate degree and 22% hold a bachelor’s. Meanwhile, 9.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 19 1.7% 46.1%
High school diploma 416 36.9% -14.1%
College diploma 224 19.9% -5.1%
Associate degree 114 10.1% 17.5%
Bachelor's degree 248 22% -1.6%
Graduate degree 107 9.5% -1.8%
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 $114,248 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +5.3% change from the previous year. At the same time, the median income stood at $63,750, reflecting a -1.9% shift over the same period.

Average household income in Waterford
$114,248/year
5.3% year-over-year change
Median household income in Waterford
$63,750/year
-1.9% 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 $101,563. Those with someone between 45 and 64 in charge, often well established professionally, earn $42,300 overall. Overall, 83.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $101,563 2.0%
45 - 64 $42,300 2.8%
Over 65 $54,688 -7.4%
Above poverty level
1,079
Below poverty level
213
Value Percent YoY
change
Above poverty level 1,079 83.5% -4.0%
Below poverty level 213 16.5% 12.1%

Employment in Waterford

Workforce and job types in Waterford

77% of the working population are employed in professional or administrative positions, while 23% are in hands-on or service-based jobs. Also, 22.2% run their own businesses, 47.7% are employed by private companies, and 11.2% work in the public sector.

Workforce demographics

White collar
474
Blue collar
142
Value Percent YoY change
White collar 474 77% 0.2%
Blue collar 142 23% -21.1%
Employer type
Self employees
22.2%
Private companies
47.7%
Governmental workers
11.2%
Not for profit companies
18.8%
Value Percent YoY change
Self employees 137 22.2% -11.6%
Private companies 294 47.7% -7.0%
Governmental workers 69 11.2% -1.4%
Not for profit companies 116 18.8% 3.6%

Transportation in Waterford

How people get around in Waterford

Commuting methods vary: 99.2% of residents travel by personal vehicle and 0.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 468 99.2% -10.7%
Walk 4 0.8% 33.3%
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
04267 26 11 $0 $0
04088 1,269 573 $63,750 $119,304

Explore more communities

FAQs about Waterford demographics 

What is the total population of Waterford?

Waterford has a total population of 1,295 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:
  • 46.7% males (605 residents)
  • 53.3% females (690 residents)

What is the median age in Waterford?

The median age in Waterford is 56.

What is the age distribution of the population in Waterford?

The age distribution in Waterford is as follows:
  • Under 15: 11.3% (146 residents)
  • Ages 15-24: 8.3% (108 residents)
  • Ages 25-44: 20.4% (264 residents)
  • Ages 45-64: 32.3% (418 residents)
  • Over 65: 27.7% (359 residents)

What is the racial and ethnic makeup of Waterford?

The racial and ethnic makeup of Waterford is as follows:
  • White: 93.4% (1,210 residents)
  • Black or African American: 0% ( residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0% ( residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 6.1% (79 residents)
  • Other: 0.5% (6 residents)

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

U.S.-born citizens represent 96% of the population in Waterford.

How many housing units are there in Waterford?

There are 997 housing units in Waterford, reflecting a -1.6% 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 584 households, with an average of 2 people in each.

What is the median household income in Waterford?

Waterford has a median household income of $63,750, representing a -1.9% 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: 77% (474 residents)
  • Blue-collar workers: 23% (142 residents)

Places of employment:
  • Self-employed: 22.2% (137 residents)
  • Private companies: 47.7% (294 residents)
  • Governmental workers: 11.2% (69 residents)
  • Not-for-profit companies: 18.8% (116 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