What is the median rent in Waterford Township, PA?
The median gross rent in Waterford Township, PA is $644 (±$272) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 181 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Waterford Township, the median gross rent went from $485 in 2015–2019 to $644 in 2020–2024 (+32.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $644 (±$272)
- Rented homes
- 181 (±115)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +32.8%
How much rent costs in Waterford Township
| Monthly gross rent | Waterford Township | Erie County | Pennsylvania | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±16.4 points) | 10.7% | 8.3% | 6.3% |
| $500 to $999 | 76.2% (±32.5 points) | 48.4% | 26.4% | 20.2% |
| $1,000 to $1,499 | 23.8% (±32.5 points) | 29.2% | 32.9% | 28.1% |
| $1,500 to $1,999 | 0.0% (±16.4 points) | 8.7% | 19.3% | 21.1% |
| $2,000 to $2,499 | 0.0% (±16.4 points) | 1.8% | 7.7% | 12.0% |
| $2,500 to $2,999 | 0.0% (±16.4 points) | 0.5% | 2.6% | 5.5% |
| $3,000 or more | 0.0% (±16.4 points) | 0.7% | 2.8% | 6.8% |
The most common range is $500 to $999, paid by 76.2% of renting households.
0.0% of rented homes in Waterford Township cost $2,000 or more a month.
Waterford Township against Erie County, its state and the nation
| Waterford Township | Erie County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median gross rent | $644 (±$272) | $904 (±$20) | $1,209 (±$5) | $1,413 |
| Rented homes paying rent | 181 (±115) | 33,566 (±1,118) | 1,530,443 (±10,042) | 42,849,984 |
In Waterford Township, median gross rent is not measurably different from Erie County ($904).
It is also lower than in Pennsylvania ($1,209).
It is lower than the national figure ($1,413).
In Erie County, Waterford Township ranks 35 of 38 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 2227 of 2,369.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Waterford Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $485 (±$100) | $644 (±$272) | +32.8% | No measurable change after inflation |
| Households that rent | 15.5% (±7.9 points) | 13.1% (±7.5 points) | −2.4 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±9.9 points) | 0.0% (±15.0 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Waterford Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Waterford Township | — | $644 (±$272) | — |
| Waterford | 0.9 mi | $1,003 (±$123) | Higher |
| LeBoeuf Township | 5.6 mi | $1,073 (±$204) | Higher |
| Mill Village | 5.6 mi | $640 (±$79) | Not measurably different |
| Greene Township (Erie County) | 6.8 mi | $1,729 (±$1,216) | Not measurably different |
| Summit Township (Erie County) | 6.8 mi | $1,423 (±$281) | Higher |
| Amity Township (Erie County) | 7.7 mi | $625 (±$403) | Not measurably different |
| McKean Township | 7.9 mi | $836 (±$280) | Not measurably different |
| Washington Township (Erie County) | 8.2 mi | $948 (±$497) | Not measurably different |
Nearby places with a measurably higher figure: Waterford, PA ($1,003), LeBoeuf Township, PA ($1,073), Summit Township (Erie County), PA ($1,423).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Erie County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 29 | North East | $769 (±$115) |
| 30 | Union Township (Erie County) | $747 (±$222) |
| 31 | Union City | $731 (±$62) |
| 32 | Elk Creek Township | $693 (±$166) |
| 33 | Wayne Township (Erie County) | $688 (±$500) |
| 34 | Girard | $667 (±$35) |
| 35 | Waterford Township | $644 (±$272) |
| 36 | Mill Village | $640 (±$79) |
| 37 | Amity Township (Erie County) | $625 (±$403) |
| 38 | Albion | $592 (±$132) |
Showing 10 of 38 places in Erie 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 Township
What is the average rent in Waterford Township, PA?
The Census Bureau publishes the median rather than the average: the median gross rent in Waterford Township is $644 (±$272) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Waterford Township?
In Waterford Township, the median gross rent went from $485 in 2015–2019 to $644 in 2020–2024 (+32.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Waterford Township cost more than $2,000 a month?
0.0% of rented homes in Waterford Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Waterford Township higher than in Erie County?
In Waterford Township, median gross rent is not measurably different from Erie County ($904).
It is also lower than in Pennsylvania ($1,209).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Waterford township, Erie County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Waterford township, Erie County, Pennsylvania
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Waterford township, Erie County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 township, Erie County, Pennsylvania (county subdivision:81472, in state:42 county:049).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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.
Figures last updated on .
Related
- Housing in Waterford Township at a glance
- Income and affordability in Waterford Township
- Home values in Waterford Township
- Homeowner costs in Waterford Township
- Property taxes in Waterford Township
- Types of homes in Waterford Township
- Age of homes in Waterford Township
- Heating fuel in Waterford Township
- Commute and cars in Waterford Township
- Population growth in Waterford Township
- How long people stay in Waterford Township
- Pennsylvania landlord and tenant rules
- Housing across Erie County
- Pennsylvania places ranked by median rent
- Housing data for every place in Pennsylvania