Watergate, FL population, income and ZIP codes

Watergate CDP is a small town in Florida, with 3,709 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #547 of 955 ranked by population — larger than 42% of them. The median age here is 45.8 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Watergate CDP earn a median of $72,641 a year, 7.5% below the national figure of $78,538 and 6% above the $68,617 median for the 775 Florida cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 24.5% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Watergate CDP is valued at $214,200, 29.4% below the national figure and 30% below the $305,300 peer median, while median gross rent runs $2,109 a month, 50% above the national figure, or roughly $25,308 across a full year. A household on the local median income would put about 34.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is a stretch on median earnings. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 63.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Watergate CDP is the unusual combination of expensive to rent and cheap to buy: rent takes 34.8% of median income while homes cost only 2.9× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.