Waterbury, CT 06706 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Waterbury, CT—06706

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$268,000

3.6% YoY Growth

Household Income

$51,800

23.6% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

3.9%

Median Rent

$1,600

N/A

1-Bed Rent

$1,300

N/A

2-Bed Rent

$1,550

N/A

3-Bed Rent

$1,800

N/A

Other Zip Codes in Waterbury, CT

06708 06702 06704 06710 06705

Home Price Trends — Waterbury, CT

As of Dec '25, the median home price in Waterbury, CT is $268,000, with a year-over-year change of 3.6%. This indicates that home prices in Waterbury, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$268,000	3.6%
Single Family	$275,000	3.0%
Condos	$144,000	8.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.3%

1 Bedroom

15.1%

2 Bedrooms

40.0%

3 Bedrooms

33.1%

4 Bedrooms

5.7%

5+ Bedrooms

0.8%

Property Listings — Waterbury, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Waterbury, CT is 56. This is a increase of 44.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$282,000	8.0%
Listing Count	17	-42.0%
Listings as % of Homes	0.4%	-42.0%
Days on Market	46	23.0%

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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%

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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%

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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%

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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

Waterbury, CT—06706

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

Naugatuck, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$268,000
Median Household Income	$51,800

Waterbury, CT—06706

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

Naugatuck, CT

Frequently Asked Questions

What is the average home price in Waterbury, CT 06706?

How have home prices in Waterbury, CT 06706 changed over the past year?

What is the home price projection for Waterbury, CT 06706?

What are the demographics of Waterbury, CT 06706?

How long does it take homes to sell in Waterbury, CT 06706?

What is the average rent price in Waterbury, CT 06706?