Waterbury, CT—06706
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 $272,000, 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 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 3.5% |
| Single Family | $280,000 | 2.9% |
| Condos | $147,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 4.6% |
3 Bed | $284,000 | 2.9% |
4 Bed | $305,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waterbury, CT
Waterbury, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,760 |
| Studio Rent | $1,100 | $1,300 |
| 1 Bed Rent | $1,300 | $1,240 |
| 2 Bed Rent | $1,550 | $1,560 |
| 3 Bed Rent | $1,800 | $1,770 |
| 4 Bed Rent | $1,800 | $2,110 |
% 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 47. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 7.0% |
Listing Count | 25 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 47 | -14.0% |
Demographics — Waterbury, CT
As of the latest ACS Survey released in 2023, Waterbury, CT has a population of 15,500, which has increased by 9.5% over the past 5 years. Waterbury, CT is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | 9.5% |
% Under 18 | 24.2% | -5.8% |
% Seniors | 14.4% | 21.0% |
% WFH | 6.3% | 90.9% |
% w/ College Degree | 16.2% | 22.7% |
As of the latest ACS Survey released in 2023, Waterbury, CT is a predominantly hispanic area, with 35.1% of the population identifying as hispanic. The hispanic population has shrunk by 18.0% in the last 5 years. The second most common race or ethnicity in Waterbury, CT is white, making up 30.7% of the population. Foreign-born residents account for 19.8% of the population in Waterbury, CT, and this percentage has increased by 15.8% 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 | 30.7% | -16.1% |
% Black | 25.6% | 89.6% |
% Hispanic | 35.1% | -18.0% |
% Asian | 3.2% | -36.0% |
% Foreign Born | 19.8% | 15.8% |
Mortgage and Risk — Waterbury, CT
According to HUD data as of 2023, there were 145 mortgage originations in Waterbury, CT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Waterbury, CT. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Waterbury, CT
As of 2024, the percent of homes in Waterbury, CT under the Section 8 program is 16.0%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 670 |
Total Units Section 8 | 506 |
% Rentals under Section 8 | 16.0% |
% Occupied Section 8 | 80.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,300 | $1,140 |
| 2 Bedroom | -$170 | $1,550 | $1,380 |
| 3 Bedroom | $10 | $1,800 | $1,810 |
| 4 Bedroom | $390 | $1,800 | $2,190 |
Affordability — Waterbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $272,000 |
| Median Household Income | $51,800 |