Neighborhood · Cary, NC

Waterford Eviction Risk: Lower

1 census tracts · pop 4,390 · pop-weighted Eviction Risk Score 1.3/10 · range 1.3–1.3

Waterford is a asian (non-hispanic) neighborhood in Cary with 1 census tract and a population of 4,390 residents. The neighborhood's pop-weighted eviction-risk score of 1.3/10 (Lower tier) blends state law, county-level filing rates, parent-city politics, and tract-specific rent-to-income ratios + poverty. 28% of renters here pay at least 30% of household income on rent, and 12% are severely cost-burdened (≥50% of income). Average gross rent of $1,541/month sits 11% lower than the Cary citywide average ($1,738).

Risk score

1.3

Lower

1 tracts · population-weighted

Waterford vs Cary How this neighborhood stacks against the citywide average

% of income on rent

27.7% +11%

Cary: 24.9%

Average gross rent

$1,541 -11%

Cary: $1,738

Average HH income

$147,742 +14%

Cary: $129,399

Poverty rate

5.4% +2%

Cary: 5.3%

Renter share

74.2% +122%

Cary: 33.4%

Peer neighborhoods

Neighborhoods with similar eviction risk

Same county, closest by Eviction Risk Score.

Geographic context

Risk heat across Waterford and the region

Click any tract to drill in · 1 tracts span score 1.3–1.3

Why Waterford scores 1.3

9 axes · pop-weighted · 1 = landlord-friendly

State political climate

legislature & governorship · Range 2.3–2.3 across tracts

2.3

Regional political climate

County-level mix · 2024 presidential margin · Range 6.3–6.3 across tracts

6.3

Local political climate

Parent city governance · Range 3.5–3.5 across tracts

3.5

Rent control risk

28% of income on rent · Range 1.0–1.0 across tracts

1.0

Eviction process difficulty

State notice requirements & court backlog · Range 2.5–2.5 across tracts

2.5

Tenant organizing strength

74% renter households · Range 2.5–2.5 across tracts

2.5

Housing court bias

County bench composition · Range 3.0–3.0 across tracts

3.0

Economic stress

5.4% below poverty line · Range 1.4–1.4 across tracts

1.4

Supply constraint

Rent-to-FMR gap & zoning friction · Range 3.7–3.7 across tracts

3.7

Risk score comparison

Waterford vs. parent city, state, U.S.

Eviction Risk Score (0–10 scale).

Census tracts

1 tracts in Waterford

Ranked highest-risk first. Click for per-tract detail.

Tract↕	Score↕	Pop↕	% over 30% on rent↕	Average rent↕
37183053618	1.3	4,390	28%	$1,541

Social Vulnerability Index

CDC SVI percentile: 11

Pop-weighted across 1 tracts. Higher = more vulnerable to disaster, displacement, and rent shocks. Source: CDC/ATSDR SVI 2022.

Socioeconomic status 20%ile

Poverty, unemployment, no-HS-diploma, housing cost burden

Household characteristics 1%ile

Single-parent HH, disability, language barriers, age 17- / 65+

Racial/ethnic minority 86%ile

Hispanic + non-white share of population

Housing & transport 32%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

What is the eviction-risk score for Waterford?

Waterford scores 1.3/10 (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.

How does Waterford compare to Cary overall?

Waterford scores 1.3 points lower than Cary overall (2.6/10). Renters spend 28% of income on rent vs 25% citywide. Average rent: $1,541 vs $1,738.

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.

What percentage of Waterford residents are renters?

74% of Waterford households are renter-occupied (vs 33% in Cary). The neighborhood has 4,390 residents.

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.

How safe is Waterford for landlords?

Waterford carries a lower-tier eviction-risk profile for landlords (1.3/10). 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 (2.6/10), this neighborhood is lower-risk.

What is the demographic breakdown of Waterford?

Waterford has 4,629 residents (Asian (non-Hispanic) Neighborhood). Top groups: Asian (non-Hispanic) (60.1%), White (non-Hispanic) (20.6%), Black (non-Hispanic) (16.2%). Source: ACS 5-year 2023, table B03002.

Nearby

Other neighborhoods near Waterford

2.7 Gresham Hills 2 tracts · pop 9,646 2.5 Pebble Ridge 2 tracts · pop 3,840

Sibling neighborhoods

Other neighborhoods inside Cary

Same parent city, ranked by score similarity to Waterford.

1.3 Andover 1 tracts · pop 3,586 1.3 Lakepointe at Lochmere 1 tracts · pop 2,667 1.3 Hallmark 1 tracts · pop 5,368 1.3 Wellsley 1 tracts · pop 4,024 1.3 Preston Oaks 1 tracts · pop 5,891 1.2 Hillard Forest 1 tracts · pop 14,778

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