Waterbury, CT 06702 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Waterbury, CT—06702

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

$16,200

33.2% YoY Growth

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

$1,350

N/A

1-Bed Rent

$1,350

N/A

2-Bed Rent

$1,300

N/A

3-Bed Rent

$1,650

N/A

Other Zip Codes in Waterbury, CT

06708 06704 06706 06710 06705

Home Price Trends — Waterbury, CT

Waterbury, CT lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Waterbury, CT

Waterbury, CT lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,410
Studio Rent	$1,000	$1,000
1 Bed Rent	$1,350	$1,240
2 Bed Rent	$1,300	$1,300
3 Bed Rent	$1,650	$1,680
4 Bed Rent	$2,000	$2,200

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% of Rental Stock

Studio

17.7%

1 Bedroom

52.5%

2 Bedrooms

7.2%

3 Bedrooms

11.0%

4 Bedrooms

11.6%

Property Listings — Waterbury, CT

Waterbury, CT lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — Waterbury, CT

As of the latest ACS Survey released in 2023, Waterbury, CT has a population of 3,120, which has increased by 3.0% over the past 5 years. Waterbury, CT is a less popular place for families, as children make up 10.0% of the population. The area has a poorly educated workforce, with 8.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,120	3.0%
% Under 18	10.0%	-11.5%
% Seniors	28.9%	-12.2%
% WFH	0.0%	-100.0%
% w/ College Degree	8.4%	13.5%

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As of the latest ACS Survey released in 2023, Waterbury, CT is a predominantly black area, with 39.6% of the population identifying as black. The black population has grown by 68.5% in the last 5 years. The second most common race or ethnicity in Waterbury, CT is hispanic, making up 36.0% of the population. Foreign-born residents account for 10.3% of the population in Waterbury, CT, and this percentage has decreased by 30.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	23.5%	-19.0%
% Black	39.6%	68.5%
% Hispanic	36.0%	-22.9%
% Asian	0.3%	-84.2%
% Foreign Born	10.3%	-30.9%

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Mortgage and Risk — Waterbury, CT

According to HUD data as of 2023, there were 4 mortgage originations in Waterbury, CT, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 93.0%, with 75.0% above 90% LTV (very high). This implies large mortgage risk in Waterbury, CT. Investor activity is high, as 25.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	4
% Conventional Loans	50.0%
% Government Loans	50.0%
% Investor Loans	25.0%
% Second Loans	0.0%
% Cash Out Refinance	0.0%

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Rentals and Section 8 — Waterbury, CT

Waterbury, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1,104
Total Units Section 8	958
% Rentals under Section 8	N/A
% Occupied Section 8	90.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$1,350	$1,040
2 Bedroom	-$20	$1,300	$1,280
3 Bedroom	$0	$1,650	$1,650
4 Bedroom	$40	$2,000	$2,040

Waterbury, CT—06702

Key Metrics at a Glance

Other Zip Codes in Waterbury, CT

Home Price Trends — Waterbury, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterbury, CT

% of Rental Stock

Property Listings — Waterbury, CT

Demographics — Waterbury, CT

Race and Ethnicity

Mortgage and Risk — Waterbury, CT

Mortgages

Rentals and Section 8 — Waterbury, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterbury, CT

Home Price to Income Ratio

Waterbury, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterbury, CT

Waterbury, CT

Waterbury, CT

Waterbury, CT

Watertown, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$16,200

Waterbury, CT—06702

Key Metrics at a Glance

Other Zip Codes in Waterbury, CT

Home Price Trends — Waterbury, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterbury, CT

% of Rental Stock

Property Listings — Waterbury, CT

Demographics — Waterbury, CT

Race and Ethnicity

Mortgage and Risk — Waterbury, CT

Mortgages

Rentals and Section 8 — Waterbury, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterbury, CT

Home Price to Income Ratio

Waterbury, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterbury, CT

Waterbury, CT

Waterbury, CT

Waterbury, CT

Watertown, CT

Frequently Asked Questions

What is the average home price in Waterbury, CT 06702?

How have home prices in Waterbury, CT 06702 changed over the past year?

What is the home price projection for Waterbury, CT 06702?

What are the demographics of Waterbury, CT 06702?

How long does it take homes to sell in Waterbury, CT 06702?

What is the average rent price in Waterbury, CT 06702?