Real Estate Investing in Waterford, California

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 10,410 • Stanislaus County

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Should you buy in Waterford, CA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (44/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 8.3% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Waterford, CA?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.9% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $432,551
Avg Monthly Rent $1,557
ZIP Codes 1

Investing in Waterford Real Estate

This is a distressed-leaning corner of California: Waterford has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Waterford is in that category.

Transaction volume in Waterford has thinned in a way that amplifies price discovery risk. In practical terms, investors without local context should treat every number on the page with skepticism.

The 0% renter share in Waterford masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Modesto, CA

Waterford is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Waterford, CA. Anonymous, moderated, never written by AI.

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Property managers serving Stanislaus County

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Liberty Property Management offers services for Homeowners Associations, residential and commercial property management, and rental assistance in Stanislaus County and surrounding cities. summary from their website

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Valley Oak Property Management provides property management services in Modesto and Stanislaus County, including Ceres, Escalon, and Manteca. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$432,551
Avg Monthly Rent
$1,557
1% Rule
✗ Below
Landlord Friendly (CA)

📉 Market Crash Risk Index

Based on Modesto, CA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
38%
Days Pending
0/2
38 days

View all metro crash risk rankings →

⚖️ Balanced Market — Modesto, CA metro
38
Days to pending
9.0%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Waterford, CA

Screen every ZIP in Waterford

Filter Waterford’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Waterford, CA

Are landlord laws favorable in Waterford, CA?

CA law tenant-protective for landlords, and Waterford inherits those rules. Investors should still review local ordinances for rental licensing.

How strong is tenant demand in Waterford, CA?

Tenant demand in Waterford, CA is solid. The local workforce $1,557/mo rents across most rental classes.

Is Waterford, CA better for rentals, flips, or BRRRR?

Investors usually favor careful cash-flow rentals with hands-on management in Waterford, CA. With home values at $433K and rents near $1,557/mo, other strategies can work but produce steady rather than outsized returns.

How viable is house hacking in Waterford, CA?

House hacking in Waterford, CA is reasonable to execute. Prices around $433K and rents of $1,557/mo solid owner-occupant economics.

What price range are homes in Waterford, CA?

Typical homes in Waterford, CA go for around $433K. The 5-year CAGR of 0.0% even-keeled price movement.

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