Based on the historical population data for the ZIP code 20129 in Waterford, Virginia, the area has experienced steady population growth over the past decade, with the population increasing from 914 in 2010 to 1,077 in 2022. The population density has also increased from 188.07 people per square mile in 2010 to 221.6 people per square mile in 2022.

Given the current population density of 221.6 people per square mile, the area can be classified as rural. Rural areas typically feature larger living spaces, ranging from 1 to 5 acres, and have fewer public services and lower infrastructure density compared to more urbanized areas. The lifestyle in rural areas is generally community-oriented, often centered around local schools and small businesses, with activities such as hobby farming, horse ownership, and significant outdoor activities.

The estimated number of housing units corresponding to the 2022 population is 412, based on the national average household size of 2.61. This suggests that the area is primarily composed of single-family homes or small multi-family dwellings, which is consistent with the characteristics of a rural area.