5 bedroom homes for sale in Waterford, MI

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Waterford, MI Real Estate Market Overview

Browse 5 5 bedroom homes for sale in Waterford, MI. View properties, photos, nearby real estate with school and housing market information. In April 2025 in Waterford, MI there were 20.6% more homes for sale than in March 2025. While the average time on the market in April 2025 was 32 days, the median list price was $275,875. Over 27 listings were sold over their listed price in April 2025 in Waterford, MI. In the same period over 19 listings were sold below the listed price and 10 listings were sold for the listed price.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Waterford, MI

Waterford is located in Oakland County, Michigan. There are roughly 71,548 residents, living in 29,419 households. The average temperature for Waterford this time of the year is low of 46F and high of 69F. On average, Waterford gets about 2.82 inches of precipitation in May. Most residents are home owners (71%), have a post secondary degree (55%) and are single, no kids (44%).

Data provided by Home Junction

Waterford's housing market is diverse, offering a range of options from charming single-family homes to convenient apartment complexes and townhouses. The architectural styles vary, with a noticeable presence of ranch-style homes, colonials, and contemporary designs. A significant portion of the housing stock was built during the post-war era, reflecting the town's growth during the mid-20th century. The homeownership rate in Waterford is robust, with a majority of residents owning their homes, while a smaller percentage of the population opts for rental living arrangements.

Waterford is known for its welcoming community and serene suburban feel. The town prides itself on its numerous lakes and waterways, which provide residents with ample opportunities for outdoor recreation and scenic beauty. Seasonal events and local festivals contribute to the area's sense of community, with residents coming together to celebrate and enjoy the town's offerings. The presence of well-maintained parks and community centers underscores Waterford's commitment to fostering a family-friendly environment.

The community is served by a solid educational system, including several public schools that cater to different age groups, as well as private educational options. Healthcare needs are met by local clinics and nearby hospitals that offer a range of medical services. Waterford's public library system supports lifelong learning with a variety of programs and resources. The town also features a selection of retail and dining options that reflect the local culture, with both chain stores and independent businesses present.

Transportation in Waterford is facilitated by a network of major roads and highways, making it convenient for residents to commute to nearby cities and towns. Public transportation services are available, providing connections to key areas within the community. The town also supports ride-sharing options for added convenience. While Waterford has areas that are pedestrian-friendly, the use of a personal vehicle is common for most residents. Efforts to improve walkability and bikeability are ongoing, enhancing the accessibility of local amenities.

Schools near Waterford, MI

Elementary Schools

  • Houghton Elementary School

    8080 Elizabeth Lake Rd

    Public District KG-5

  • Haviland Elementary School

    5305 Cass Elizabeth Rd

    Public District KG-5

  • Knudsen Elementary School

    5449 Crescent Rd

    Public District KG-5

Middle Schools

  • Mason Middle School

    3835 W Walton Blvd

    Public District 6-8

  • Pierce Middle School

    5145 Hatchery Rd

    Public District 6-8

  • Momentum Academy

    60 S Lynn Ave

    Public Charter PK-7

High Schools

  • Mott High School

    1151 Scott Lake Rd

    Public District 9-12

  • Waterford Durant High School

    501 N Cass Lake Rd

    Public District 9-12

  • Kettering High School

    2800 Kettering Dr

    Public District 9-12

Data provided by Great Schools

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Last updated on: 5/2/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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