In Waterville, a typical home is worth $308,400 and typical rent is $1,415 a month. Compared with all of Lucas County, the typical home value is 88% higher, typical household income is 67% higher, and the share of households that own their home is 11 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $269,532 to $343,017.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Waterville is in Lucas County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lucas County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Waterville is worth $308,400,88% more than in Lucas County as a whole ($163,900).
2
The typical household income in Waterville is $104,114,67% more than in Lucas County as a whole ($62,224).
3
Nearby, in Toledo, the typical home value is $114,500: 63% less than in Waterville ($308,400).
4
The typical rent in Waterville is $1,415 a month, 51% more than in Lucas County as a whole ($934).
5
Nearby, in Bowling Green, the typical rent is $897: 37% less than in Waterville ($1,415).
6
73% of households in Waterville own their home, against 62% in Lucas County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Waterville
What homes there are in Waterville, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Waterville
Lucas County
Ohio
United States
Kind of home: Waterville and its comparisons
Measure
Waterville
Lucas County
Ohio
United States
Detached house
65%
68%
69%
61%
Attached house
Unreliable estimate
4%
5%
6%
Building of 2 to 4
10%
8%
8%
8%
Apartments (5 or more)
Unreliable estimate
18%
15%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Waterville, but it weighs less than in Lucas County: 65% against 68%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Waterville
Lucas County
Ohio
United States
Year built: Waterville and its comparisons
Measure
Waterville
Lucas County
Ohio
United States
Before 1960
16%
47%
38%
26%
1960–1979
18%
26%
26%
24%
1980–1999
27%
16%
20%
25%
2000–2009
17%
7%
10%
14%
2010 or later
23%
5%
7%
11%
Homes in Waterville are newer: the typical year built is 1992; in Lucas County, 1963.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K17%
$200K–$300K28%
$300K–$500K49%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Waterville and its comparisons
Measure
Waterville
Under $100K
Unreliable estimate
$100K–$200K
17%
$200K–$300K
28%
$300K–$500K
49%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49935%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Waterville and its comparisons
Measure
Waterville
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
35%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,988 a month
Lucas County: $1,394 a month
Without a mortgage
$695 a month
Lucas County: $568 a month
Owners with a mortgage
65%
Lucas County: 59%
In Waterville, 65% of owners have a mortgage, and their typical cost is $1,988 a month, against $1,394 in Lucas County. Without one it drops to $695.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Waterville+57%
Lucas County+41%
Ohio+47%
United States+53%
Typical rent
Waterville+41%
Lucas County+25%
Ohio+28%
United States+33%
Typical household income
WatervilleNo clear change
Lucas County+28%
Ohio+26%
United States+29%
Change since 2015–2019: Waterville and its comparisons
Measure
Waterville
Lucas County
Ohio
United States
Typical home value
+57%
+41%
+47%
+53%
Typical rent
+41%
+25%
+28%
+33%
Typical household income
No clear change
+28%
+26%
+29%
Since 2015–2019, homes in Waterville gained value faster than in Lucas County: 57% against 41%.
Since 2015–2019, the typical rent in Waterville rose 41%, more than in Lucas County (25%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Waterville and its comparisons
Measure
Waterville
Lucas County
Ohio
United States
Rental vacancy
Unreliable estimate
5.1%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.5%
1.5%
3.4%
People per household
2.43
2.29
2.37
2.53
Drive alone
81%
79%
75%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
12%
9%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Households in Waterville are bigger: 2.43 people on average; in Lucas County, 2.29.
The car rules in Waterville: 81% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.
Do the math
What would you pay each month for a home in Waterville?
A typical home is tight for the typical income
We start with a typical home in Waterville, worth $308,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Waterville, which is $104,114 a year. For that payment to be 28% of income, a household would need to earn about $116,561 a year.
The calculator's FHA and conventional loan limits are those of all of Lucas County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Waterville. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,794 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,720
at 7.18% · 30 years
Loan amount
$302,814
Total interest
$435,678
Paid off in
November 2056
Includes $5,208 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,429 a month
Tight
$2,429 to $3,123 a month
Your payment · 31%
Hard
more than $3,123 a month
Compared with the typical household income in Waterville ($104,114 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,051
Property tax
$404
Home insurance
$129
FHA mortgage insurance (MIP)
$136
You need at least $10,794 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,720; principal and interest $2,051.
The city and its county
Waterville and Lucas County
Waterville is in Lucas County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Waterville
Map of Lucas County, Ohio, with Waterville marked. Around it, the neighboring counties.
Waterville
Lucas County
Other cities with a page
Waterville's own numbers
Typical home value
$308,400
Typical monthly rent
$1,415
Typical yearly household income
$104,114
Households that own their home
73%
Effective property tax rate
1.57%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lucas County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,145
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
2.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lucas County.
A typical home in Waterville is worth $308,400: 88% above the county and 44% above Ohio. With the typical household income in Waterville ($104,114 a year), a typical home costs 3.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Waterville3.0 years
Lucas2.6 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lucas County
According to FHFA’s house price index, home prices in Lucas County rose 86% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lucas County.
Yearly change in FHFA’s price index in Lucas County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +4.0% +4.0% 2017
2018: +4.5% +4.5% 2018
2019: +5.5% +5.5% 2019
2020: +3.4% +3.4% 2020
2021: +10.8% +10.8% 2021
2022: +11.7% +11.7% 2022
2023: +8.1% +8.1% 2023
2024: +7.3% +7.3% 2024
2025: +5.0% +5.0% 2025
Change in FHFA’s price index in Lucas County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.0%
+4.8%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+86%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Waterville next to Lucas County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Waterville$308,400
Lucas$163,900
Ohio$214,800
United States$332,700
Typical monthly rent
Waterville$1,415
Lucas$934
Ohio$1,034
United States$1,413
Typical yearly household income
Waterville$104,114
Lucas$62,224
Ohio$71,389
United States$80,734
See the full table
Waterville next to Lucas County and Ohio
Measure
Waterville
Lucas County
Ohio
U.S.
Typical home value
$308,400 ▲88% above the county
$163,900
$214,800
$332,700
Typical monthly rent
$1,415 ▲51% above the county
$934
$1,034
$1,413
Typical yearly household income
$104,114 ▲67% above the county
$62,224
$71,389
$80,734
Households that own their home
73% ▲11 points above the county
62%
67%
65%
Typical yearly property tax
$4,836 ▲74% above the county
$2,773
$2,822
$3,119
Effective property tax rate
1.57% ▼0.12 points below the county
1.69%
1.31%
0.94%
Renters with high rent for their income
38% ▼7 points below the county
45%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lucas County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Waterville
For a typical $308,400 home in Waterville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waterville's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,720a month
Least cash to close
Down payment
$10,794
Cash to close
$20,046
Rate
7.18%
Mortgage insurance
FHA MIP · $136
Conventional, 5% down$2,663a month
Down payment
$15,420
Cash to close
$24,672
Rate
7.18%
Mortgage insurance
PMI · $146
Conventional, 20% down, no PMI$2,203a month
Down payment
$61,680
Cash to close
$70,932
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,488a month
Down payment
$46,260
Cash to close
$55,512
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Waterville
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,720
$10,794
$302,814
7.18%
FHA MIP · $136
$20,046
580
Conventional, 5% down
$2,663
$15,420
$292,980
7.18%
PMI · $146
$24,672
620*
Conventional, 20% down, no PMI
$2,203
$61,680
$246,720
7.18%
None
$70,932
620*
ITIN, 15% down (example)
$2,488
$46,260
$262,140
8.18%
None
$55,512
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Waterville is $1,415 a month: 51% above the county. In Waterville, 38% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lucas County, by unit size. To pay the 2-bedroom one ($1,145 a month) without spending more than 30% of your income, you would need to earn $22.02 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lucas County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$822
$15.81
$32,880
1 bedroom
$875
$16.83
$35,000
2 bedrooms
$1,145
$22.02
$45,800
3 bedrooms
$1,461
$28.10
$58,440
4 bedrooms
$1,558
$29.96
$62,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Waterville
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Waterville is in ZIP code 43566.
For 2 bedrooms it is $1,580: $435 more than the fair market rent for Lucas County ($1,145).
Fair market rent by ZIP code and size in Waterville, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
43566
$1,130
$1,210
$1,580
$2,020
$2,150
ZIP code2 bd3 bd
43566 $1,580$2,020
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Waterville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 3 HUD-approved agencies with an office in Lucas County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Waterville or Lucas County. The ones below are statewide in Ohio: they work in Waterville the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Waterville or Lucas County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Waterville and all of Lucas County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Waterville?
The typical home value in Waterville is $308,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lucas County it is $163,900.
How much does it cost to rent in Waterville?
Typical rent in Waterville is $1,415 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lucas County is $1,145.
What is the FHA loan limit in Waterville?
Waterville uses the FHA limit for all of Lucas County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Waterville?
The typical homeowner in Waterville pays $4,836 a year, according to the U.S. Census Bureau. That is 1.57% of the home’s value; in Lucas County, the rate is 1.69%.
Where can I find free help to buy or rent in Waterville?
There are 3 HUD-approved counseling agencies with an office in Lucas County. They can help you get ready to buy, with your credit, or with rent.
