The story of this market
The typical home in ZIP 06702 sells for about $299,000, or $184 per square foot.
Prices are up +6.8% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $749 a month.
ZIP 06702 — Waterbury
The housing market in the Waterbury area is currently balanced with a median sale price of $299,000 and a 1.39-month supply of inventory. While the broader city market shows moderate year-over-year price growth, ZIP 06702 specifically exhibits high renter density and significant economic indicators of stress, including high poverty rates.
This area is primarily suited for renters due to the high concentration of multi-unit housing and established urban character.
Median prices moved up 6.8% year over year.
Homes spend a median of 78 days on market with 1.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.7% · poverty 45.6% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06702, New Haven County, CT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area experiences approximately 15 days above 90°F annually with an average of 45 inches of precipitation per year.
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.
Renters make up approximately 95% of the housing stock in this ZIP, which is characterized by a high density of multi-unit buildings.
The local economy is part of the Waterbury-Shelton, CT metropolitan area, which faces significant economic challenges including high poverty rates and reliance on social assistance.
Data sourced from Census Reporter and ZipCodesToGo.
- Lake Compounce Amusement & Water Park4.29.5 mi
- Quassy Amusement & Waterpark4.55.9 mi
- Spare Time Bristol4.410.5 mi
- Urban Air Trampoline and Adventure Park419.8 mi
- Funcity Trampoline and Adventure Park New Britain CT4.615.8 mi
- Lake Compounce Amusement & Water Park4.29.5 mi
- Toyota Oakdale Theater4.412.7 mi
- Powder Ridge Mountain Park & Resort CT416.4 mi
- Cava Italian Restaurant3.59.1 mi
- Aqua Turf Club4.68.8 mi
- Lake Compounce Amusement & Water Park4.29.5 mi
- Quassy Amusement & Waterpark4.55.9 mi
- Hubbard Park4.710.8 mi
- Chick-fil-A4.510.5 mi
- AMC Southington 124.27.1 mi
- Lake Compounce Amusement & Water Park4.29.5 mi
- Yale Peabody Museum4.817.8 mi
- Yale University Art Gallery4.818.1 mi
- Castle Craig4.710.8 mi
- New Britain Museum of American Art4.815.1 mi
- Sleeping Giant State Park4.712 mi
- Hubbard Park4.710.8 mi
- Southford Falls State Park4.79.2 mi
- Black Rock State Park4.57.5 mi
- Norton Park4.611.3 mi
- The VUE CT3.712.5 mi
- Timberlin Golf Course4.512.7 mi
- The Farms Country Club4.711 mi
- Crestbrook Golf Course4.36.4 mi
- Sleeping Giant Golf Course4.210.9 mi
- Brass Mill Center3.91.2 mi
- Meriden Mall3.912.3 mi
- Big Y4.33.9 mi
- ShopRite of Southbury4.311.5 mi
- ShopRite of Southington4.110.4 mi
- Tweed New Haven Airport3.621.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.