Waterbury, CT
New Haven County · Pop. 114,403
Ranked #115 of 243 cities
42Moderate
Median Home Price
🏠$200K
3.8% YoY
Median Rent
🔑$1,200
3.0% YoY
Median Income
💰$42K
Rent Burden
📊33.5%
% of income to rent
Income to Buy
🏦$58K
annual income needed
Income to Rent
📝$48K
annual income needed
Price-to-Income
⚖️4.8x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$1,064/mo
Est. mortgage (7%, 20% down)
Need $58K/yr income
Rent
$1,200/mo
Median rent
Need $48K/yr income
How Waterbury Compares
| Metric | Waterbury | Connecticut | National |
|---|---|---|---|
| Home Price | $200K | $368K | $410K |
| Rent | $1,200 | $1,463 | $1,500 |
| Income | $42K | $92K | $75K |
| Rent Burden | 33.5% | 33.0% | 30.0% |
Key Takeaways
- • Home prices in Waterbury are 51% lower than the national average.
- • Rent is 20% lower than the national average.
- • You need an income of $58K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.