1 census tracts · pop 4,390 · pop-weighted Eviction Risk Score 3/10
· range 3–3
Waterford is a one-tract neighborhood of Cary, NC, population 4,390. It carries an Eviction Risk Score of 3/10, in the Lower tier. The main counterweight is rent-regulation exposure, at 1/10.
74% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over. Rent consumes at least 30% of income for 28% of renter households. On the softer side is economic stress, at 1.4/10.
SNAP participation is 3.2% of households versus 15.2% nationally. 12% are severely burdened, paying half their income or more in rent. That cohort has no absorption capacity for an unexpected bill, and it is where non-payment filings originate. Running cool is eviction-process difficulty, at 2.5/10.
3.5% of adults report being unable to pay a utility bill, below a 9.2% national figure. Utility arrears usually lead rent arrears by a month or two. At $1,541 a month, rents sit 11% under what the rest of Cary commands. That places it #11 of 39 neighborhoods in Cary.
Against average income of $147,742, annual rent is only 13%, a wide affordability cushion. Poverty sits at 5%, low enough that arrears here usually reflect a specific shock rather than a structural income gap.
Because the boundary contains one tract, 3/10 is simultaneously the area figure and the address-level figure. Scores move when the ACS release, the court-record feed, or the statute ledger behind them moves.
Risk score
3
Lower
1 tracts · population-weighted
Waterford vs CaryHow this neighborhood stacks against the citywide average
Single-parent HH, disability, language barriers, age 17- / 65+
Racial/ethnic minority86%ile
Hispanic + non-white share of population
Housing & transport32%ile
Multi-unit structures, mobile homes, crowding, no vehicle
CDC PLACES 2023 · pop-weighted
Eviction-adjacent indicators in Waterford
Average across all constituent tracts, population-weighted. Source: CDC PLACES (cwsq-ngmh) crude prevalence.
5.8%Housing insecurity
3.5%Utility shutoff threat
6.0%Food insecurity
3.2%SNAP enrollment
4.6%No health insurance
13.8%Any disability
Frequently asked
About Waterford
Q1
What is the eviction-risk score for Waterford?
Waterford scores 3/10 (Lower tier) across 1 census tracts. The pop-weighted Eviction Risk Score blends state law, county filing rates, parent-city politics, and tract-specific rent-to-income and poverty signals.
Q2
How does Waterford compare to Cary overall?
Waterford scores 0.4 points lower than Cary overall (3.4/10). Renters spend 28% of income on rent vs 25% citywide. Average rent: $1,541 vs $1,738.
Q3
What is the average rent in Waterford?
Average gross rent in Waterford is $1,541/month (pop-weighted across 1 census tracts, ACS 5-year 2023). 28% of renter households are cost-burdened.
Q4
What percentage of Waterford residents are renters?
74% of Waterford households are renter-occupied (vs 33% in Cary). The neighborhood has 4,390 residents.
Q5
Is Waterford a high social-vulnerability area?
Waterford sits in the 11th percentile nationally on the CDC Social Vulnerability Index (low vulnerability). The index combines poverty, unemployment, household composition, racial/ethnic minority share, and housing/transportation factors across all US census tracts.
Q6
How safe is Waterford for landlords?
Waterford carries a lower-tier eviction-risk profile for landlords (3/10). Pop-weighted across 1 constituent tracts, the score blends parent-city rent-control posture, county eviction-process timelines, and tract-specific rent-to-income / poverty signals. Compared to Cary as a whole (3.4/10), this neighborhood is lower-risk.
Q7
What is the demographic breakdown of Waterford?
Waterford has 4,629 residents. Top groups: Asian (non-Hispanic) (60.1%), White (non-Hispanic) (20.6%), Black (non-Hispanic) (16.2%). Source: ACS 5-year 2023, table B03002.
