Real Estate for Rent in Waterdown, Hamilton, ON

Name: HOMEH Market Pulse — Waterdown, Hamilton closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Hamilton

Waterdown

family-friendly community-oriented suburban

Waterdown is a growing neighbourhood in Hamilton, Ontario. It offers a mix of residential living and community amenities.

Median home price is $899,995 Average rent is $2,900 83.4% of homes are owner-occupied Diverse population with 20.6% immigrants Good school rating average of 6.4

Day to dayLivability

6.4

Schools near listings

out of 10 · averaged over 2,215 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$899,995

25% above Hamilton 26% above Ontario

In Waterdown

$899,995

In Hamilton

$719,999

In Ontario

$717,000

Median monthly rent

$2,900/mo

38% above Hamilton 16% above Ontario

In Waterdown

$2,900

In Hamilton

$2,100

In Ontario

$2,500

≈ 25.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

131

Median $899,995

Houses 87 · Condos 44

For rent

Median $2,900

Condos 10 · Houses 10

Recently sold

Recently leased

Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly environment
Strong community with many schools
Access to parks and recreational areas
High median income of $133,405
Low percentage of low-income households

Keep in mind

Housing prices are above the city median
Limited public transit options
Higher rent strain for renters

The feel of the placeLifestyle

Daily life in Waterdown is relaxed, with access to local shops and parks. Families enjoy a community-focused atmosphere.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

13.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 13.2 km² of Waterdown. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.3/10

Average rating of the 4 rated schools in this area

Elementary

Secondary

Allan A Greenleaf
Public · Grades JK–8 · Hamilton-Wentworth DSB
7.6/106.9 over 5 yrs
516th of 3,045 Ontario elementary schools
700 students · EQAO 2024-2025
St. Thomas Catholic Elementary School
Catholic · Grades JK–8 · Hamilton-Wentworth CDSB
6.5/106.9 over 5 yrs
1,231st of 3,045 Ontario elementary schools
700 students · EQAO 2024-2025
Waterdown District High School
Public · Grades 9–12 · Hamilton-Wentworth DSB
6.0/106.4 over 5 yrs
390th of 742 Ontario secondary schools
1,140 students · EQAO 2024-2025
Guy B Brown Elementary Public School
Public · Grades JK–8 · Hamilton-Wentworth DSB
5.2/105.3 over 5 yrs
2,081st of 3,045 Ontario elementary schools
705 students · EQAO 2024-2025
Mary Hopkins Public School
Public · Grades JK–4 · Hamilton-Wentworth DSB
Not rated
500 students · EQAO 2024-2025
Waterdown Islamic School (Wis)
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Waterdown, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

23,204

Population (2021)

16.8 km²

Area

1,385

People per km²

38.3

Median age

$133,405

Median income

83%

Own their home

2.9

People per household

8,095

Households

Every age

Children (under 15)20.8%
Working age (15–64)67.4%
Seniors (65+)11.8%

What is built here

Detached houses60%
Semi-detached8.3%
Townhouses20.7%
Low-rise apartments3.4%
High-rise apartments6.6%

Own or rent

83%Owners

17%Renters

Across 8,095 households

When it was built

Mostly 1991–2000

1960 or earlier9%
1961–198011%
1981–199010%
1991–200026%
2001–20055%
2006–20106%
2011–201513%
2016–202118%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

20.6%
Born outside Canada: 36.5%
Hold a degree or higher: 68.1%
Employment rate: 1.6%
Commute by transit: 91.3%
Commute by car: 1.8
Children per family: $111,608
Median income after tax: $151,271
Average household income: 4.7%
Living on a low income: $2,191/mo
Renters pay, per month: $2,025/mo
Owners pay, per month: $888,833
Median home value at census: 37.7%
Renters spending 30%+ of income on housing: 13.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 27 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Waterdown actually rent for

325 homes were leased in Waterdown over the 12 months to September 2026. Half leased above $2,647 and half below, 3.2% higher than the 12 months before. A typical home found its tenant in 24 days.

Median rent: $2,647; +3.2% year over year
Days to lease: 24; Unchanged
Leases closed: 325; last 12 months
Rent per square foot: $2.45/mo; from 324 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$4,349$3,508$2,667$1,826

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 8.3%

From 325 leases that closed here in the last 12 months.

Rent or buy in Waterdown

27.8 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$884,563

361 sales

Median rent

$2,647/mo

325 leases

Gross rental yield

3.59%

before costs

Both figures come from deals that actually closed in Waterdown over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Waterdown

A single median hides this: the mix of homes behind it, and what each kind costs.

325leases

Condo apartment$2,17932.3%
Condo town$2,72414.5%
Freehold town$3,26411.7%
Detached$3,7707.1%
Semi-detached$3,2003.1%
Other kinds, too few of each —31.3%

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Waterdown, rentals

Monthly closed leases in Waterdown
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	32	$2,450	$2,150 – $3,050	24	100.0%
Aug 2026	41	$2,550	$2,200 – $3,000	23	100.0%
Jul 2026	36	$2,873	$2,138 – $3,350	23	100.0%
Jun 2026	25	$2,825	$2,100 – $3,495	24	100.0%
May 2026	21	$2,750	$2,300 – $3,250	20	100.0%
Apr 2026	22	$3,100	$2,675 – $3,488	23	100.0%
Mar 2026	31	$2,300	$2,050 – $3,100	14	100.0%
Feb 2026	27	$2,650	$2,038 – $2,975	23	100.0%
Jan 2026	28	$2,675	$2,560 – $2,863	35	100.0%
Dec 2025	13	$2,600	$2,250 – $3,000	34	100.0%
Nov 2025	18	$2,550	$2,212 – $2,888	32	100.0%
Oct 2025	31	$2,575	$2,150 – $2,950	23	100.0%
Sep 2025	26	$2,750	$2,200 – $3,113	18	100.0%
Aug 2025	42	$2,225	$2,100 – $2,994	23	100.0%
Jul 2025	41	$2,500	$2,100 – $2,900	29	100.0%
Jun 2025	31	$2,850	$2,325 – $3,250	25	100.0%
May 2025	19	$2,300	$2,050 – $3,038	21	100.0%
Apr 2025	30	$2,675	$2,300 – $3,300	23	100.0%
Mar 2025	26	$3,150	$2,711 – $3,288	23	100.0%
Feb 2025	11	$2,400	$2,300 – $2,675	17	100.0%
Jan 2025	19	$2,650	$2,275 – $3,050	24	100.0%
Dec 2024	16	$2,475	$2,000 – $3,288	35	100.0%
Nov 2024	29	$2,350	$2,150 – $2,800	24	100.0%
Oct 2024	31	$2,500	$2,275 – $3,200	27	100.0%
Sep 2024	38	$2,450	$2,200 – $3,075	26	100.0%
Aug 2024	53	$2,550	$2,200 – $3,200	30	100.0%
Jul 2024	45	$2,300	$2,150 – $2,825	29	100.0%
Jun 2024	40	$2,300	$2,100 – $3,125	31	100.0%
May 2024	37	$2,200	$2,150 – $2,600	30	100.0%
Apr 2024	23	$2,300	$2,150 – $2,798	32	100.0%
Mar 2024	20	$2,595	$2,276 – $3,375	36	100.0%
Feb 2024	20	$2,498	$2,223 – $2,881	41	100.0%
Jan 2024	20	$2,350	$2,200 – $2,596	38	100.0%
Dec 2023	17	$2,600	$2,350 – $3,000	30	100.0%
Nov 2023	14	$3,025	$2,613 – $4,175	28	100.0%
Oct 2023	19	$2,600	$2,250 – $3,200	11	100.0%

What people ask about Waterdown

How much does a home cost in Waterdown?

Homes in Waterdown sold for a median of $884,563 over the 12 months to September 2026, across 361 closed sales — half sold for more and half for less. That is 4.0% lower than the 12 months before it.

How long does it take to sell a home in Waterdown?

A home in Waterdown took a median of 29 days on the market over the 12 months to September 2026. Homes there closed at 97.1% of the asking price on average, with 7.8% selling over asking.

How much is rent in Waterdown?

The median lease in Waterdown closed at $2,647 a month over the 12 months to September 2026, across 325 leases.

Is it cheaper to rent or buy in Waterdown?

A home in Waterdown costs about 27.8 years of the rent on one — the median price of $884,563 against a median rent of $2,647 a month, a gross yield of 3.59%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Waterdown?

Over the 12 months to September 2026 the mix in Waterdown was detached (44.6% of sales, median $1,144,716), freehold town (15.8% of sales, median $773,421) and semi-detached (6.9% of sales, median $869,180).

Compiled by HOMEH from leases reported closed in Waterdown on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Waterdown

A condo here is 2.9× cheaper than detached houses

Half the condo apartments that changed hands in Waterdown over the 12 months to September 2026 sold above $399,900. The neighbourhood's median across every kind of home was $884,563 — one number, two markets.

Condo apartment$399,900

Detached$1,144,716

Median closed prices over the 12 months to September 2026, from 361 sales in Waterdown. Medians describe the group, never one home.

Median condo sold price: $400K; 7 closed sales
Median condo rent: $2,179/mo; 105 leases
Days to sell: 31; median, condo apartments
Share of all sales: 2%; of everything that closed here

Condo townhouses are a separate market again: 5 closed here at a median of $590,000.

36condo apartments for sale 6condo apartments for rent