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Waterford Township

Waterford Township

$316,255 Average Value
$279 Average Price per Sq Ft
120 Homes For Sale

Named for an abundance of lakes in the outer suburbs of Detroit, Waterford Township offers affordable lakeside living within minutes of dining and other amenities. Despite making up a large swath of land in the Northwest Detroit metropolitan area, Waterford Township offers a small-town feel and is known among longtime residents for its community-minded setting, where neighbors prioritize taking care of their homes.

With over 30 lakes positioned around residential areas and parks, Waterford Township gives residents plenty of access to water recreation, making it stand out from other Detroit-area neighborhoods. Housing is often positioned right along lakefronts, with private access to the water. For public use, large parks such as Dodge #4 State Park offer beachside access to Cass Lake, as well as spots to fish and take stunning photos on the lake’s Observation Pier.

Around smaller, community-centered lakes, some residents organize neighborhood associations like the Elizabeth Lake Beach Association. Alternatively, residents can check out the Pontiac Lake Recreation Area for camping under the thick tree cover or lounging on Pontiac Lake Beach. In the winter, some lakes are available for ice fishing, ice skating and pond hockey.

For a more traditional outdoor experience on land, Hess-Hathaway Park offers a playground and volleyball courts, as well as live farm animals living on the property year-round. Outdoor enthusiasts will find plenty of hiking along neighborhood trails, such as the Pontiac Lake Trail.

As a Keller Williams real estate agent in the area, Marcy Soufrine says Waterford Township residents "really care about their homes" and "take good care of them." Many homes in the area are single-family ranchers, while many lakeside homes offer more contemporary designs, often accompanied by docks on the property. Some plots offer large lawns, but within the city’s lakeside communities, an intimate and neighborly feel permeates. While single-family homes range between $100,000 and $500,000, open lots and condominiums are also available for less than $100,000.

For dining options, many local favorites are nestled within the township’s lakeside neighborhoods. Situated near Coles Bay, Fork N’ Pint is a go-to spot, particularly popular for its brunch. With an outdoor patio and highly reviewed breakfast/lunch fare from chicken & waffles to mimosas. At 4th Tavern Lakehouse, customers are treated to views of Crescent Lake on the outdoor patio, while enjoying no-fuss American fare like burgers, fries and grilled cheese. Brody’s on Cass is a family-owned diner just north of Cass Lake. For everyday grocery needs, Kroger and Meijer locations are found along Highland Road.

Independence Day is a big deal in Waterford, with individual lakes often hosting their own July 4th celebrations, lighting up the sky with an array of distinct fireworks shows. Soufrine says she encourages all her friends to visit during this time of year to catch this patriotic spectacle.

Collin Cope
Written By
Collin Cope
Colette Lane
Photography Contributed By
Colette Lane
Kellan Beaver
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Kellan Beaver

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Terri O'Brien, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Bishop International

53 min drive

Bus

Telegraph & Huron

Bus

Summit Dr & Mall Dr E

Bus

Oakland County Farmer's Market Wb

Bus

Oakland County Farmer's Market Eb

Bus

Summit Dr & Target

Bus

Summit Drive & Lunghamers

Bus

Telegraph & Dixie HWY

Crime and Safety

1 - Low Crime, 10 - High Crime Waterford Township US
Homicide 3 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 3 4
Motor Vehicle Theft 3 4
Larceny 4 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Waterford Township Demographics and Home Trends

Housing Trends

Median List Price
$425,000
Median Sale Price
$390,000
Median Single Family Sale Price
$450,000
Median Townhouse Sale Price
$322,900
Median 2 Bedroom Sale Price
$310,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
1,055
Median Home Sale Price YoY Change
16%
Average Price Per Sq Ft
$279

Neighborhood Facts

Number of Homes in Neighborhood
24,656
Number of Homes for Sale
120
Median Year Built
1963
Months of Supply
1.40
Average Single Family Home Size Sq Ft
1,513
Significantly below the national average
1,924
Average Townhouse Size Sq Ft
1,346
Average 2 Bedroom Size Sq Ft
1,238
Average 1 Bedroom Size Sq Ft
940
Median Lot Size Sq Ft
11,761

Open Houses

  • Thursday, Aug 7
    12 - 4pm

    210 Lochaven Rd, Waterford, MI 48327

    $310,000

    • 3 Beds
    • 1.5 Baths
    • 1,348 Sq Ft
    • 210 Lochaven Rd
    • New 2 days ago

    COMING SOON AUG 7th! OPEN HOUSE DATES!8/7 12-4, 8/8 12-3, 8/9 12-3 Incredible Waterford 3 Bed 1.5 Bath to call Home!Beautiful .91 acre Lot with Mature Trees, Landscaped,Back yard that backs up to a wooded creek area for privacy. Kitchen walkout to your back deck & sitting area.It's like being up-north.2 Large Sheds & Privacy Fence.Attached 2 car garage w work bench area &

    Agent Photo
    Renee Apkarian
    National Realty Centers
    (248) 677-1946
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  • Sunday, Aug 3
    1 - 3pm

    3616 Shoals St, Waterford, MI 48329

    $259,900

    • 3 Beds
    • 1 Bath
    • 1,075 Sq Ft
    • 3616 Shoals St
    • New 15 hours ago

    This charming ranch located in serene Lake Oakland Heights is ready for its new owner! This well-kept 3-bedroom, 1-bath home blends efficiency and comfort—with new windows (2023-transferable warranty), new furnace (2020), heated garage, and convenient laundry room with washer/dryer combo. Step outside to your private backyard oasis—complete with hot tub, above ground pool that can stay or go,

    Lida Athearn Athearn Realty

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  • Sunday, Aug 3
    12:30 - 4pm

    2661 Bayberry Dr, Waterford, MI 48329

    $369,999

    • 3 Beds
    • 2.5 Baths
    • 1,626 Sq Ft
    • 2661 Bayberry Dr
    • New 1 day ago

    ***Contact Jamie Proper with all offers and questions***Welcome to this beautifully updated home featuring a fully remodeled kitchen completed in 2025, offering modern finishes and a functional layout perfect for everyday living and entertaining. Step outside to your own private oasis with an in-ground pool, complete with a newer liner, new sand filter system, and separate pool water

    Randa Seman ICON Realty Experts, LLC

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Terri O'Brien, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
68,713
Median Age
44
Population Density
4 ppl/acre
Population under 18
19.9%
On par with the national average
23.8%
Population over 65
21.2%
On par with the national average
19.1%

Finances

Median Household Income
$70,419
On par with the national average
$71,702
Average Household Income
$89,915

Education and Workforce

High School Graduates
91.7%
College Graduates
28.1%
Below the national average
34.1%
Advanced Degrees
9.4%
On par with the national average
13.3%
% Population in Labor Force
67.7%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
18°F
Average Summer High Temperature
82°F
Annual Snowfall
31''

Area Factors

Somewhat Bikeable

Bike Score®

44 / 100

Somewhat Walkable

Walk Score®

60 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Waterford Township