Waterbury, CT—06705
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waterbury, CT
As of Oct '25, the median home price in Waterbury, CT is $258,000, with a year-over-year change of 3.5%. This indicates that home prices in Waterbury, CT are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 3.5% |
| Single Family | $278,000 | 3.0% |
| Condos | $175,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 4.6% |
3 Bed | $285,000 | 2.9% |
4 Bed | $301,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waterbury, CT
As of July '25, Rentcast reports the average rent in Waterbury, CT is $1,560, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Waterbury, CT is studios: $1,170, 1-bedrooms: $1,270, 2-bedrooms: $1,600, 3-bedrooms: $1,870, 4-bedrooms: $3,250. The most common rental property sizes in Waterbury, CT are 2-bedroom and 1-bedroom, accounting for 55.8% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,560 |
| Studio Rent | $1,100 | $1,170 |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,550 | $1,600 |
| 3 Bed Rent | $1,850 | $1,870 |
| 4 Bed Rent | $3,200 | $3,250 |
% of Rental Stock
Property Listings — Waterbury, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Waterbury, CT is 33. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 7.0% |
Listing Count | 76 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 33 | 27.0% |
Demographics — Waterbury, CT
As of the latest ACS Survey released in 2023, Waterbury, CT has a population of 26,400, which has increased by 6.0% over the past 5 years. Waterbury, CT is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | 6.0% |
% Under 18 | 23.7% | 3.5% |
% Seniors | 17.8% | 29.9% |
% WFH | 4.1% | 57.7% |
% w/ College Degree | 17.9% | 21.8% |
As of the latest ACS Survey released in 2023, Waterbury, CT is a predominantly white area, with 34.4% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Waterbury, CT is hispanic, making up 34.1% of the population. Foreign-born residents account for 19.3% of the population in Waterbury, CT, and this percentage has increased by 9.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.4% | -14.6% |
% Black | 24.0% | 18.2% |
% Hispanic | 34.1% | 9.3% |
% Asian | 4.1% | -2.4% |
% Foreign Born | 19.3% | 9.7% |
Mortgage and Risk — Waterbury, CT
According to HUD data as of 2023, there were 380 mortgage originations in Waterbury, CT, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Waterbury, CT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 380 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Waterbury, CT
As of 2024, the percent of homes in Waterbury, CT under the Section 8 program is 25.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Waterbury, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,517 |
Total Units Section 8 | 1,482 |
% Rentals under Section 8 | 25.3% |
% Occupied Section 8 | 81.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,300 | $1,240 |
| 2 Bedroom | -$40 | $1,550 | $1,510 |
| 3 Bedroom | $70 | $1,850 | $1,920 |
| 4 Bedroom | -$870 | $3,200 | $2,330 |
Affordability — Waterbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $258,000 |
| Median Household Income | $53,200 |