A short 45-minute commute from downtown Detroit, Waterford is a terrific place for the outdoorsy type who wants to stay connected with the world. Waterford and the surrounding areas are increasingly becoming a hub for trade and transportation industries, which are among the region's top employers. Oakland County International Airport now serves direct flights to Chicago-Midway multiple times per week, assisting business travelers and bringing in tourists looking to escape the city. Housing in Waterford has remained affordable compared with the national average, and the inexpensive lakefront properties can be appealing to vacation-home buyers. However, the vast majority of the more than 73,000 people in Waterford are year-round residents.

Known for its 34 scenic lakes, Waterford, Michigan, is known as the "Lakeland Paradise." That being said, many Waterford properties are located-well, near a lake. Depending on your penchant for the outdoors, perhaps you should consider a ranch-style house on Elizabeth Lake with private beach access or maybe an old four-square style home in the historic district.

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