What is the rental vacancy rate in Waterford Charter Township, MI?

Name: Vacancy rate in Waterford Charter Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Waterford Charter Township, MI is 2.9% (±1.5 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.5% (±0.4 points).

1,377 (±316) homes, 4.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Waterford Charter Township, the rental vacancy rate went from 2.5% in 2015–2019 to 2.9% in 2020–2024 (+0.4 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 2.9% (±1.5 points)
Homeowner vacancy rate: 0.5% (±0.4 points)
Vacant homes: 1,377 (±316)

Vacancy in Waterford Charter Township against Oakland County, its state and the nation

Estimate (90% margin of error)
	Waterford Charter Township	Oakland County	Michigan	United States
Rental vacancy rate	2.9% (±1.5 points)	7.4% (±0.6 points)	5.1% (±0.2 points)	5.5%
Homeowner vacancy rate	0.5% (±0.4 points)	0.4% (±0.1 points)	0.8% (±0.1 points)	0.9%
Vacant housing units	1,377 (±316)	30,888 (±1,757)	545,867 (±7,991)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Waterford Charter Township, the rental vacancy rate is lower than in Oakland County (7.4%).

It is also lower than in Michigan (5.1%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Waterford Charter Township

Nearest places with a published estimate, compared with Waterford Charter Township
Place	Distance	Rental vacancy rate	Compared with this place
Waterford Charter Township	—	2.9% (±1.5 points)	—
Sylvan Lake	4.2 mi	0.0% (±16.9 points)	Not measurably different
Keego Harbor	4.3 mi	17.9% (±12.8 points)	Higher
Orchard Lake Village	5.1 mi	0.0% (±59.4 points)	Not measurably different
Village of Clarkston	5.1 mi	13.2% (±13.3 points)	Not measurably different
Pontiac	5.2 mi	6.0% (±1.6 points)	Higher
Independence Charter Township	5.9 mi	5.6% (±4.7 points)	Not measurably different
White Lake Charter Township	6.0 mi	4.3% (±4.9 points)	Not measurably different
West Bloomfield Charter Township	6.6 mi	10.7% (±3.9 points)	Higher

Nearby places with a measurably higher figure: Keego Harbor, MI (17.9%), Pontiac, MI (6.0%), West Bloomfield Charter Township, MI (10.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Oakland County, place by place

Rank	Place	Rental vacancy rate
31	Lyon Charter Township	3.8% (±6.0 points)
32	Springfield Charter Township	3.7% (±5.9 points)
33 (tie)	Clawson	3.5% (±3.7 points)
33 (tie)	Groveland Township	3.5% (±5.1 points)
35	Highland Charter Township	3.2% (±3.8 points)
36	Commerce Charter Township	3.1% (±3.1 points)
37	Waterford Charter Township	2.9% (±1.5 points)
38	Oxford Charter Township	2.1% (±3.1 points)
39	Royal Oak Charter Township	1.9% (±3.0 points)
40	Wixom	1.0% (±1.7 points)
41 (tie)	Huntington Woods	0.0% (±27.2 points)
41 (tie)	Orchard Lake Village	0.0% (±59.4 points)
41 (tie)	South Lyon	0.0% (±3.2 points)

Showing 13 of 49 places in Oakland County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Waterford Charter Township

Is it hard to find a rental in Waterford Charter Township?

The rental vacancy rate in Waterford Charter Township, MI is 2.9% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Waterford Charter Township tighter than it was?

In Waterford Charter Township, the rental vacancy rate went from 2.5% in 2015–2019 to 2.9% in 2020–2024 (+0.4 percentage points), not a measurable change.

How many homes are vacant in Waterford Charter Township?

An estimated 1,377 (±316) housing units, 4.3% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Waterford charter township, Oakland County, Michigan (county subdivision:84240, in state:26 county:125).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.