The story of this market
The typical home in ZIP 06705 sells for about $307,000, or $184 per square foot.
Prices are up +14.8% 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 $1,261 a month.
ZIP 06705 — Waterbury
The 06705 housing market is experiencing significant price appreciation, with a 14.8% year-over-year increase in median sale prices. Low inventory levels continue to drive competition, keeping the market in a seller's favor despite broader economic headwinds. Buyers remain active, though affordability constraints are becoming more pronounced as prices rise.
This ZIP is well-suited for budget-conscious family buyers and local workers seeking proximity to Waterbury's employment core and essential services.
Median prices moved up 14.8% year over year.
Homes spend a median of 78 days on market with 3.5 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.3% · poverty 19.2% — 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 7.1%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 06705, 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.
Not determinable at the ZIP level; Waterbury city experiences crime rates that are generally higher than the Connecticut state average.
Public schools in the area are part of the Waterbury School District, which faces ongoing challenges with academic performance and resource allocation compared to suburban districts.
The area is subject to standard New England climate risks, including winter storms and potential localized flooding; insurance premiums are influenced by regional hazard exposure.
Economic momentum is driven by healthcare, manufacturing, and retail sectors within the Waterbury metro area, though large-scale new development is limited in this established urban ZIP.
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 typically commute via I-84 or Route 8 toward employment hubs in Waterbury, Hartford, or New Haven, with average travel times around 28 minutes.
The area features local parks and proximity to the Naugatuck River greenway, with shopping and dining concentrated along the East Main Street corridor.
The rental market is characterized by high demand and limited vacancy, with rents trending upward in line with the broader Naugatuck Valley region.
The local economy is anchored by healthcare services, manufacturing, and public sector employment within the greater Waterbury area.
The area is served by major highway corridors including I-84 and Route 8, facilitating regional transit.
Development is primarily focused on urban infill and the revitalization of existing commercial properties along major thoroughfares.
The City of Waterbury Assessor's office manages property valuations for tax purposes.
Parcels are served by the Waterbury School District and standard municipal utility services.
Property insurance costs are consistent with regional averages for Connecticut, reflecting standard risk profiles.
Connecticut is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Connecticut law requires sellers to provide a standard residential property condition disclosure report to buyers.
Data retrieved from U.S. Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lake Compounce Amusement & Water Park4.28.7 mi
- Quassy Amusement & Waterpark4.58.2 mi
- Brownstone Adventure Sports Park4.418.2 mi
- Funcity Trampoline and Adventure Park4.219.9 mi
- Urban Air Trampoline and Adventure Park418.4 mi
- Lake Compounce Amusement & Water Park4.28.7 mi
- Toyota Oakdale Theater4.49.9 mi
- Powder Ridge Mountain Park & Resort CT413.6 mi
- Cava Italian Restaurant3.58 mi
- Aqua Turf Club4.66.5 mi
- Lake Compounce Amusement & Water Park4.28.7 mi
- AMC Plainville 204.412 mi
- Quassy Amusement & Waterpark4.58.2 mi
- Hubbard Park4.78.2 mi
- Chick-fil-A4.59.2 mi
- Lake Compounce Amusement & Water Park4.28.7 mi
- Yale Peabody Museum4.815.9 mi
- Yale University Art Gallery4.816.3 mi
- Dinosaur State Park4.519 mi
- Castle Craig4.78.2 mi
- Sleeping Giant State Park4.79.6 mi
- Hubbard Park4.78.2 mi
- Southford Falls State Park4.710.5 mi
- Black Rock State Park4.59.9 mi
- Norton Park4.610.3 mi
- Petzold's Marine Center4.719.6 mi
- The VUE CT3.710.4 mi
- Timberlin Golf Course4.510.6 mi
- Wheeler Family Traditions Golf Club4.112.1 mi
- Hunter Memorial Golf Course4.411.7 mi
- Safari Golf4.712.5 mi
- Brass Mill Center3.91.7 mi
- Meriden Mall3.99.6 mi
- Kohl's4.312.2 mi
- Big Y4.34.1 mi
- Big Y4.511.9 mi
- Tweed New Haven Airport3.619.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Primary commercial artery serving the ZIP with various retail and dining options.
Regional trail system providing outdoor recreation and walking paths.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.