Waterbury, CT—06702
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 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 | $1,350 | $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 |
% of Rental Stock
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 |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Waterbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $16,200 |