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Waterbury city, CT

ZIP 06708 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 06708

Median Home Value
$196,700
Median Rent
$949
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,264/mo PITI).

18%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

17.3 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 06708 in Waterbury city, CT, a household would need roughly $54,000 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 $1,264. That sits below the local median household income ($63,705), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.9%-16% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
25.9%-48% vs US avg
x
Mortgage-Free
29.5%-23% vs US avg
x
$196,700
Home Value
$949
Rent
1963
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached50.5%
  • 1-unit attached4.3%
  • 2-9 units37.3%
  • 10+ units7.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,700
Median rent$949
Owner-occupied54.9%
Vacant7.1%
Price-to-income3.1x
Est. income to buy$54,000