Quick facts: Waterford, VA

Quick Facts

106
Cost of Living
above US average
300
Population
33.33
Crime Rate per 1000
above US average
$120,000
Median Income
above US average
$1,650,000
Median House Price
above US average
$1935
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $120,000.

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Income Needed to Buy

βœ— Stretch
$518k/year
Based on $1,650,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $518k vs median $120,000
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Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1935/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($120,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Waterford, VA

Waterford, Virginia, is a quaint village located in Loudoun County, known for its rich history and picturesque landscapes. Established in the early 18th century, Waterford is recognized for its well-preserved historic buildings and is designated as a National Historic Landmark. Its charming streets are lined with 19th-century architecture, including several stone houses that reflect the area's early settler heritage. The village is surrounded by rolling hills and lush agricultural land, making it a scenic destination for outdoor enthusiasts. Waterford’s community is close-knit, often coming together for local events, including the annual Waterford Homes Tour, which showcases its historic homes and promotes local arts. The area is part of Virginia's wine country, with several vineyards and wineries nearby offering tastings and tours. Waterford's location allows easy access to the larger towns and cities in Loudoun County, including Leesburg and Purcellville, where residents can find additional amenities and services. Overall, Waterford is a peaceful retreat steeped in history, making it ideal for those seeking a quieter, rural lifestyle while remaining connected to the broader cultural and recreational activities of Virginia.

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