Waterford, MI

Waterford is a city located in the U.S. state of Michigan. As of the 2010 census, the city had a population of 36,812. The city is situated on the eastern border of Michigan's Thumb region and is bordered by Ionia County to the east and Eaton County to the south. The city is home to both Eastern Michigan University and Western Michigan University, as well as numerous other businesses and organizations.

Real estate in Waterford has seen steady growth over recent years, with prices increasing at a rate above that of inflation for much of that time. According to Zillow, median home values in Waterford increased from $101,000 in January 2007 to $157,500 by January 2017 – an increase of 54%. In addition, according to Trulia, homes currently listed for sale in Waterford have an average asking price of $158,000 – well above the statewide average asking price of $122,500.

One reason for this strong demand for real estate in Waterford may be its location – situated just minutes from both EMU and WMU campuses as well as numerous other businesses and organizations. Additionally, Waterford has excellent public schools (rated 4 out 5 stars by parents on review site Yelp) which may also contribute to its high demand among families looking for quality housing near top-notch schools.