Waterbury, CT—06710
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 $289,000, with a year-over-year change of 0.1%. This indicates that home prices in Waterbury, CT are flat. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 0.1% |
| Single Family | $299,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | 4.2% |
3 Bed | $282,000 | -0.7% |
4 Bed | $316,000 | -1.2% |
| 5 Bed | $383,000 | 0.8% |
% 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 | $1,590 |
| Studio Rent | $1,080 | $1,110 |
| 1 Bed Rent | $1,100 | $1,070 |
| 2 Bed Rent | $1,500 | $1,450 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $1,650 | $1,730 |
% 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 35. This is a decrease of -9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | 14.0% |
Listing Count | 20 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 35 | -9.0% |
Demographics — Waterbury, CT
As of the latest ACS Survey released in 2023, Waterbury, CT has a population of 9,670, which has decreased by -14.2% over the past 5 years. Waterbury, CT is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,670 | -14.2% |
% Under 18 | 27.4% | -14.9% |
% Seniors | 11.1% | 38.7% |
% WFH | 12.1% | 476.2% |
% w/ College Degree | 15.2% | -1.3% |
As of the latest ACS Survey released in 2023, Waterbury, CT is a predominantly hispanic area, with 33.0% of the population identifying as hispanic. The hispanic population has shrunk by 28.3% in the last 5 years. The second most common race or ethnicity in Waterbury, CT is black, making up 32.6% of the population. Foreign-born residents account for 15.8% of the population in Waterbury, CT, and this percentage has decreased by 5.4% 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 | 26.3% | 14.8% |
% Black | 32.6% | 18.1% |
% Hispanic | 33.0% | -28.3% |
% Asian | 1.7% | -29.2% |
% Foreign Born | 15.8% | -5.4% |
Mortgage and Risk — Waterbury, CT
According to HUD data as of 2023, there were 62 mortgage originations in Waterbury, CT, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Waterbury, CT. Investor activity is low, as 5.0% 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 | 62 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 5.0% |
% 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 26.0%. 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. 1-bedroom and 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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 709 |
Total Units Section 8 | 666 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,100 | $1,160 |
| 2 Bedroom | -$90 | $1,500 | $1,410 |
| 3 Bedroom | $100 | $1,750 | $1,850 |
| 4 Bedroom | $590 | $1,650 | $2,240 |
Affordability — Waterbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $289,000 |
| Median Household Income | $42,800 |