The story of this market
The typical home in ZIP 06701 sells for about $290,000, or $215 per square foot.
Prices are up +3.6% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 06701 — Waterbury
The housing market in 06701 remains stable with modest price appreciation driven by limited inventory. Buyers are primarily focused on entry-level homes, while the rental market remains tight due to high demand. Overall, the area reflects broader regional trends of slow growth and affordability challenges.
This ZIP is best suited for budget-conscious first-time homebuyers and investors seeking entry-level properties in an urban environment.
Median prices moved up 3.6% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 24.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 06701, New Haven County, CT
Crime rates in Waterbury remain higher than the Connecticut state average, with property and violent crime concentrated in specific urban corridors.
Public schools in this ZIP generally receive low ratings, with many institutions struggling to meet state proficiency benchmarks.
The area is subject to standard New England weather risks, including winter storms and occasional flooding in low-lying areas near the Naugatuck River.
Economic momentum is driven by regional healthcare and manufacturing sectors, though the area faces challenges with aging infrastructure and limited new residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Residents primarily rely on personal vehicles for commuting, with access to I-84 providing connections to larger employment hubs in Hartford and New Haven.
The area features local neighborhood parks and proximity to the Naugatuck River greenway, with basic retail and dining options located along major thoroughfares.
The rental market is characterized by high demand for affordable units, with limited vacancy and a significant presence of small-scale individual investors.
The local economy is anchored by healthcare services, education, and light manufacturing, with significant employment provided by regional medical centers.
The area is served by local bus transit and is positioned near the I-84 corridor, facilitating regional travel.
Development is largely focused on the adaptive reuse of historic industrial buildings and small-scale residential improvements.
The City of Waterbury Assessor's office manages property valuations, with revaluations occurring on a state-mandated schedule.
Parcels are subject to municipal taxes and standard school district levies; no major MUDs or PIDs are present.
Property insurance premiums are influenced by the area's urban density and historical risk profiles for fire and water damage.
Data retrieved from data.census.gov ZCTA 06701 profile.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community park providing green space and recreational facilities.
A developing trail system offering walking and cycling paths along the river.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.