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Demographics
Population
Median Income
Racial Distributions
Zip code 20129 in Waterford, Virginia, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a median income of $199,045 and a population of 1,077 residents. These figures suggest an affluent, predominantly white suburban or rural community.
Over the past decade, Waterford has maintained its "Low Diversity" status with a strong "White Majority." However, subtle demographic shifts have occurred. The white population decreased from 87% in 2013 to 81% in 2022. The Asian population increased from 3% in 2013 to 8% in 2022. The Hispanic population fluctuated, peaking at 11% in 2016 before decreasing to 5% in 2022. The category of two or more races increased from 4% in 2013 to 6% in 2022.
These changes suggest a slow trend towards increased diversity, potentially categorizing Waterford as a "Transitional Community" in the long term. The economic profile of Waterford has seen significant growth. The median income increased from $141,817 in 2013 to $199,045 in 2022, representing a 40% growth. The population grew from 919 in 2013 to 1,077 in 2022, a 17% increase.
The correlation between demographic shifts and economic trends is notable. As the median income has risen, there has been a slight increase in diversity, particularly in the Asian population. This could suggest that the area is attracting high-income professionals from diverse backgrounds.
Waterford's trends differ from many national patterns. The substantial increase in median income likely outpaces national averages. While the area is becoming slightly more diverse, it remains less diverse than many urban and suburban areas across the U.S. The 17% population growth over nine years is significant for a small community.
Waterford, Virginia (20129) represents a highly affluent, predominantly white community experiencing gradual diversification and significant economic growth. While it remains categorized as "Low Diversity," subtle shifts suggest a slow transition towards increased racial and ethnic variety, potentially driven by its strong economic position attracting a wider range of high-income professionals.