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City · 114,869 residents · Naugatuck Valley Planning Region, Connecticut

Waterbury , Connecticut

In Waterbury, a typical home is worth $208,500 and typical rent is $1,225 a month. Compared with all of Naugatuck Valley Planning Region, typical household income is 40% lower, the typical home value is 34% lower, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $208,500

    34% below the planning region

    43% below Connecticut

    • Waterbury
    • Naugatuck Valley
    • Connecticut

  • Typical rent

    $1,225a month

    8% below the planning region

    18% below Connecticut

    • Waterbury
    • Naugatuck Valley
    • Connecticut

  • Typical household income

    $51,886a year

    40% below the planning region

    46% below Connecticut

    • Waterbury
    • Naugatuck Valley
    • Connecticut

  • Households that own their home

    47%

    21 points below the planning region

    19 points below Connecticut

    • Waterbury
    • Naugatuck Valley
    • Connecticut

Source: U.S. Census Bureau, Average 2020–2024

Waterbury is in Naugatuck Valley Planning Region. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Naugatuck Valley Planning Region. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Waterbury apart

What this place has that others do not, from public data, most unusual first.

  1. Waterbury has the 2nd lowest typical home value of the 65 cities in Connecticut with more than 5,000 people ($208,500).

  2. 47% of households in Waterbury own their home, against 69% in Naugatuck Valley Planning Region.

  3. The typical household income in Waterbury is $51,886, 40% less than in Naugatuck Valley Planning Region as a whole ($86,191).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Waterbury

What homes there are in Waterbury, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Waterbury there is a bit of everything: no kind of home reaches half. The most common are detached houses (41%); in Naugatuck Valley Planning Region, 59%.

Year built

Homes in Waterbury are older: the typical year built is 1959; in Naugatuck Valley Planning Region, 1969.

There are fewer big homes in Waterbury than in Naugatuck Valley Planning Region: 46% have 3 bedrooms or more, against 59%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Waterbury sit below it: they are worth less than $500,000.

Monthly rent with utilities

About 83% of rented homes in Waterbury cost less than HUD's 2-bedroom fair market rent for Naugatuck Valley Planning Region ($1,745).

With a mortgage

$1,850 a month

Naugatuck Valley Planning Region: $2,229 a month

Without a mortgage

$882 a month

Naugatuck Valley Planning Region: $1,010 a month

Owners with a mortgage

65%

Naugatuck Valley Planning Region: 65%

The typical cost for an owner with a mortgage in Waterbury is $1,850 a month, less than in Naugatuck Valley Planning Region ($2,229); without one, $882.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, the typical home value in Waterbury rose 60%.

The typical rent in Waterbury rose 26% over the same time.

Housing prices ran ahead of income in Waterbury: typical income rose 22%, against +60% for home values and +26% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWaterburyNaugatuck Valley Planning RegionConnecticutUnited States
Rental vacancy 6.7%4.3%4.3%5.5%
Homeowner vacancy 1.9%1.0%0.8%0.9%
More than one person per room 5.1%2.4%2.1%3.4%
People per household 2.482.492.462.53
Drive alone 70%74%69%69%
Carpool 13%9%8%9%
Public transit 4%1%3%3%
Walk or bike 2%1%3%3%
Work from home 8%13%16%15%
Other means 3%2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Waterbury: 6.7% is empty and offered for rent, against 4.3% in Naugatuck Valley Planning Region.

More than one person per room: that is how 5.1% of households in Waterbury live, more than in Naugatuck Valley Planning Region (2.4%).

Much as in Naugatuck Valley Planning Region, a household in Waterbury has 2.48 people on average.

Carpooling is common in Waterbury: 13% of workers get to work that way, against 9% in Naugatuck Valley Planning Region.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Waterbury?

A typical home costs more than the typical income allows

We start with a typical home in Waterbury, worth $208,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Waterbury, which is $51,886 a year. For that payment to be 28% of income, a household would need to earn about $86,548 a year.

The calculator's FHA and conventional loan limits are those of all of Naugatuck Valley Planning Region.

Your numbers

Local data
$

Starts at the typical home value in Waterbury. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,298 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,019

at 7.18% · 30 years

Loan amount
$204,723
Total interest
$294,548
Paid off in
November 2056

Includes $3,521 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,211 a month

  • Tight

    $1,211 to $1,557 a month

  • Hard

    more than $1,557 a month

    Your payment · 47%

Compared with the typical household income in Waterbury ($51,886 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,019
Principal & interest$1,387
Property tax$454
Home insurance$87
FHA mortgage insurance (MIP)$92

You need at least $7,298 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Waterbury and Naugatuck Valley Planning Region

Waterbury is in Naugatuck Valley Planning Region, Connecticut. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Waterbury's own numbers

Typical home value
$208,500
Typical monthly rent
$1,225
Typical yearly household income
$51,886
Households that own their home
47%
Effective property tax rate
2.61%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Naugatuck Valley Planning Region

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$851,000
HUD fair market rent, 2 bedrooms
$1,745
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
0.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Naugatuck Valley Planning Region.

Everything about Naugatuck Valley Planning Region

Buying

Buying a home in Waterbury

A typical home in Waterbury is worth $208,500: 34% below the planning region and 43% below Connecticut. With the typical household income in Waterbury ($51,886 a year), a typical home costs 4.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Waterbury 4.0 years
  • Naugatuck Valley 3.7 years
  • Connecticut 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Naugatuck Valley Planning Region

According to FHFA’s house price index, home prices in Naugatuck Valley Planning Region rose 81% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Naugatuck Valley Planning Region.

Period Region Connecticut U.S.
Last year (2025) +6.4% +6.1% +2.9%
5 years (2020–2025) +65% +62% +47%
10 years (2015–2025) +81% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Waterbury next to Naugatuck Valley Planning Region, Connecticut and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Waterbury $208,500
  • Naugatuck Valley $317,700
  • Connecticut $366,900
  • United States $332,700
Typical monthly rent
  • Waterbury $1,225
  • Naugatuck Valley $1,330
  • Connecticut $1,488
  • United States $1,413
Typical yearly household income
  • Waterbury $51,886
  • Naugatuck Valley $86,191
  • Connecticut $95,781
  • United States $80,734
See the full table
Waterbury next to Naugatuck Valley Planning Region and Connecticut
Measure Waterbury Naugatuck Valley Planning Region Connecticut U.S.
Typical home value $208,500 $317,700 $366,900 $332,700
Typical monthly rent $1,225 $1,330 $1,488 $1,413
Typical yearly household income $51,886 $86,191 $95,781 $80,734
Households that own their home 47% 69% 66% 65%
Typical yearly property tax $5,449 $5,983 $6,643 $3,119
Effective property tax rate 2.61% 1.88% 1.81% 0.94%
Renters with high rent for their income 59% 53% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Naugatuck Valley Planning Region. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Waterbury

For a typical $208,500 home in Waterbury, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waterbury's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,019a month

    Least cash to close
    Down payment
    $7,298
    Cash to close
    $13,553
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $92

  • Conventional, 5% down $1,981a month

    Down payment
    $10,425
    Cash to close
    $16,680
    Rate
    7.18%
    Mortgage insurance
    PMI · $99

  • Conventional, 20% down, no PMI $1,670a month

    Down payment
    $41,700
    Cash to close
    $47,955
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,863a month

    Down payment
    $31,275
    Cash to close
    $37,530
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Waterbury and for Naugatuck Valley Planning Region.

Property tax

Effective rate in Waterbury

2.61%of the home’s value each year

$5,449 a year for the typical owner in Waterbury.

  • Waterbury 2.61%
  • Naugatuck Valley 1.88%
  • Connecticut 1.81%

What Connecticut publishes Deadline to appeal the assessment: February 20 (Connecticut General Assembly (General Statutes of Connecticut, Chapter 203))

Exemptions and deadlines in Connecticut

Flood risk in Naugatuck Valley Planning Region

FEMA does not publish these numbers by city: they are for all of Naugatuck Valley Planning Region.

Homes in the high-risk zone
0.8%
926
Of those, with NFIP insurance
38%
Region Connecticut U.S.
Homes in the high-risk zone 0.8% 3.1% 3.5%
Of those, with NFIP insurance 38% 51% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Waterbury

Typical rent in Waterbury is $1,225 a month: 8% below the planning region. In Waterbury, 59% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Naugatuck Valley Planning Region, by unit size. To pay the 2-bedroom one ($1,745 a month) without spending more than 30% of your income, you would need to earn $33.56 an hour working full time.

HUD fair market rent for all of Naugatuck Valley Planning Region

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,249 $24.02 $49,960
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,745 $33.56 $69,800
3 bedrooms $2,184 $42.00 $87,360
4 bedrooms $2,599 $49.98 $103,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Low-income apartments

Low-income apartments in Waterbury

HUD lists 60 buildings with rents for lower incomes in Waterbury. These are the largest.

  • Laurel Estates 2 Farmcrest Dr, Waterbury 06704 277 homes, 276 low-income · For families (203) 237-7400
  • Berkeley Heights 23 Harris Cir, Waterbury 06704 254 low-income homes · Run by Waterbury Housing Authority · Average payment: $431 a month · Average wait: 63 months (203) 596-2647
  • Truman Apts 70 Lakewood Rd, Waterbury 06704 244 low-income homes · Run by Waterbury Housing Authority · Average payment: $562 a month · Average wait: 27 months (203) 596-2647
  • Country Village 283 Colonial Ave, Waterbury 06704 229 low-income homes · For families (203) 755-2693
  • NSA II/Schoolhouse Apts 42 Pine St, Waterbury 06710 213 low-income homes · For older adults (203) 755-2416

See all 103 buildings in Naugatuck Valley Planning Region Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Waterbury

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Naugatuck Valley Planning Region; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Waterbury

No down payment, repair or rent-help program on our list is for Waterbury or Naugatuck Valley Planning Region. The ones below are statewide in Connecticut: they work in Waterbury the same as in the rest of the state.

Which programs do I qualify for? All programs in Connecticut

Housing counselors near Waterbury

The HUD-approved agencies closest to the center of Waterbury, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborhood Housing Services of Waterbury, Inc. (NEST)

    193 Grand St, Waterbury · 0 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (203) 753-1896

  • Capital for Change, Inc. (housing Counseling Office)

    10 Alexander Dr, Wallingford · 13 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (203) 624-7406

  • Neighborhood Housing Services of New Britain, Inc.

    223 Broad St, New Britain · 15 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (860) 224-2433

Every agency in Naugatuck Valley Planning Region All counseling agencies in Connecticut

Help in Spanish near Waterbury

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Waterbury

HUD’s record names them for Waterbury or Naugatuck Valley Planning Region. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Waterbury Housing Authority Public housing and Section 8 vouchers (203) 596-2647

5 other authorities have an office in Naugatuck Valley Planning Region: see the list Source: HUD

Cities

Other cities in Naugatuck Valley Planning Region

These cities are also in Naugatuck Valley Planning Region. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Naugatuck Valley Planning Region Housing in Connecticut

Nearby cities

The cities closest to Waterbury, with the typical home value.

Neighboring counties

If Naugatuck Valley Planning Region is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Waterbury.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Waterbury

Short answers with the numbers for Waterbury and all of Naugatuck Valley Planning Region. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Waterbury?

The typical home value in Waterbury is $208,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Naugatuck Valley Planning Region it is $317,700.

How much does it cost to rent in Waterbury?

Typical rent in Waterbury is $1,225 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Naugatuck Valley Planning Region is $1,745.

What is the FHA loan limit in Waterbury?

Waterbury uses the FHA limit for all of Naugatuck Valley Planning Region (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Waterbury?

The typical homeowner in Waterbury pays $5,449 a year, according to the U.S. Census Bureau. That is 2.61% of the home’s value; in Naugatuck Valley Planning Region, the rate is 1.88%.

Where can I find free help to buy or rent in Waterbury?

There is 1 HUD-approved counseling agency with an office in Naugatuck Valley Planning Region. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).