Real Estate Investing in Waterbury, Connecticut (06708)
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Should you buy in 06708 (Waterbury, CT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
What’s happening in Waterbury, CT (06708)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06708 Waterbury
ZIP 06708 in Waterbury, CT carries a sturdy set of headwinds. Home values near $308K and rents of $1,593/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $308K purchase price, 0.0% nominal cap — the work to hit that pro forma in 06708 is substantial and deserves full respect.
ZIP 06708's metrics run below New Haven County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From an investor standpoint, 29,103 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Waterbury:
Property Strategy for 06708
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $118,871 | $1,460 | 8.8% | +12.1% | $118,871 |
| 2BR | $232,686 | $1,810 | 5.6% | +16.7% | $116,343 |
| 3BR | $318,975 | $2,240 | 5.1% | +13.6% | $106,325 |
| 4BR | $343,766 | $2,640 | 5.5% | +13.1% | $85,941 |
| 5BR | $380,624 | — | — | +12.9% | $76,125 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06708 Compare?
| Metric | 06708 | Waterbury | New Haven-Milford, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $307,698 | $241,154 | N/A | $425,784 |
| 5-Year CAGR | 10.1% | 10.5% | N/A | 9.3% |
| Avg Rent | $1,593 | $1,539 | N/A | - |
| Cap Rate | 4.0% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06708 (Waterbury, CT). Anonymous, moderated, never written by AI.
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Property managers serving New Haven County
Manage rentals here? List your business →Bassett Property Management serves real estate owners and investors. summary from their website
CPE Property Management offers Connecticut HOA & Condo Management services. summary from their website
titan1313.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $307,698 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +10.1% ▲ |
| 10-Year CAGR | +10.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 06708
Population: 29,103
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 06708
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hopeville School
Gilmartin School
Washington School
Waterbury Arts Magnet School
Driggs School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How should investors approach Waterbury, CT?
Most investors in Waterbury, CT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
How much is rent in Waterbury, CT?
Waterbury, CT rentals go for roughly $1,593/mo a month. That puts gross yield in solid territory relative to $308K acquisition costs.
What is the typical renter like in Waterbury, CT?
Tenant quality in Waterbury, CT ranks as solid. Landlords generally report stable occupancy at market rents of $1,593/mo.
Can owner-occupants cash flow in Waterbury, CT?
Waterbury, CT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,593/mo rent level.
What kind of market is Waterbury, CT for investors?
Investors tracking Waterbury, CT will find a 4.0/5 rating supported by $308K median home values and $1,593/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 06708 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06708 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 06708 ranks in New Haven-Milford, CT
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