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These days, finding an affordable place to live in the Waterbury area can be challenging. Home prices in Waterbury are now at a median cost of $211,748, lower than the Connecticut average of $418,901.
The average cost of rent is $1,299/mo in Waterbury, primarily driven by the current value of real estate in the Waterbury area. In Waterbury, 52.76% of households rent, and 40.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterbury is $4,850 per month. Households that rent pay about 26.79% of their income on rent here. Waterbury’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakville, CT: higher priced homes
- Wolcott, CT: higher priced homes
- Naugatuck, CT: higher priced homes
- Middlebury, CT: higher priced homes
- Prospect, CT: higher priced homes
- Marion, CT: higher priced homes
- Watertown, CT: higher priced homes
- Milldale, CT: higher priced homes
- Plantsville, CT: higher priced homes
- Plymouth, CT: higher priced homes
Cities with Similar Populations
- Water Valley, KY: less expensive homes
- Waverly, IL: less expensive homes
- Warren, MI: less expensive homes
- Waterford, MS: less expensive homes
- Waterford, MI: higher priced homes
- Wanblee, SD: less expensive homes
- Wanamie, PA: less expensive homes
- Watkins, CO: higher priced homes
- Walnut Grove, MN: less expensive homes
- Wauregan, CT: higher priced homes
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