Waterbury, Connecticut Real Estate & Housing Market

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Waterbury Housing Information

Index	Waterbury	Connecticut	National
Median home price	$129,500	$269,300	$184,700
Median rent asked	$912	$1,094	$949
Avg. people per household	2.7	2.5	2.6
Owner occupied households	43.7%	66.5%	63.6%
Renter occupied households	56.3%	33.5%	36.4%

The above shows an overview of the real estate market in Waterbury, CT. Note how the median home price for Waterbury, CT runs $129,500, which is 52% lower than the average property price for Connecticut. So you’re going to get real estate in Waterbury, CT that is on-average more affordable than what you’ll find in the rest of Connecticut. As for rent, the median for Waterbury, CT runs $912, which is comparatively 17% lower than the average rent for Connecticut. For Waterbury, CT, about 43.7% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Waterbury, CT offers a wide variety of real estate. To find your perfect home in Waterbury, CT, filter your choice by price, location, and number of beds and baths using the search area above.

Waterbury Home Affordability

When deciding where to purchase Waterbury, CT real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Waterbury, CT the median home price is $129,500 and $39,681 is the median household income. As a result, the home price to income ratio in Waterbury, CT is 3.3x, which is 13% lower than the Connecticut average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Waterbury, CT the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Waterbury, CT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Heritage Village, CT	3,875	$148,600	20%
New Britain, CT	72,876	$157,300	15%
Meriden, CT	60,203	$174,800	5%
Naugatuck, CT	31,625	$178,800	3%
Terryville, CT	5,431	$183,100	1%
Waterbury, CT	109,211	$129,500	30%

Cities with similar population

City, State	Population	Home Price	National Avg.
Billings, MT	109,089	$198,300	7%
San Buenaventura (Ventura), CA	109,067	$459,300	149%
High Point, NC	108,982	$142,700	23%
Temecula, CA	108,965	$360,500	95%
Cambridge, MA	108,757	$629,700	241%
Waterbury, CT	109,211	$129,500	30%

Source: The Waterbury, CT housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).