US5.com
  1. Home
  2. States
  3. Connecticut
  4. ZIP 06385
  5. Housing & Real Estate
Waterford CDP, CT

ZIP 06385 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06385

Median Home Value
$334,900
Median Rent
$1,332
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,151/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 06385 in Waterford CDP, CT, a household would need roughly $92,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,151. That sits below the local median household income ($110,375), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
79.7%+22% vs US avg
x
Vacancy Rate
9.9%-3% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
29.8%-40% vs US avg
x
Mortgage-Free
39.9%+5% vs US avg
x
$334,900
Home Value
$1,332
Rent
1972
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached80.6%
  • 1-unit attached6.4%
  • 2-9 units4.9%
  • 10+ units4.8%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$334,900
Median rent$1,332
Owner-occupied79.7%
Vacant9.9%
Price-to-income3.0x
Est. income to buy$92,000