Real Estate Investing in Waterbury, Connecticut (06710)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 06710 (Waterbury, CT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.9% of homes vacant — above national norms.
- Elevated poverty: 31.1% poverty rate — can affect rent collection.
- Higher unemployment: 9.7% unemployment — tenant risk signal.
What’s happening in Waterbury, CT (06710)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 06710 Waterbury
Not every below-median market is a bargain. Waterbury's 06710 ZIP registers signals that favor experienced operators who can absorb the risk $311K pricing implies.
Rent of $1,533/mo on a $311K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 06710 sits below the stated 0.0% once reality is priced in.
Within CT, ZIP 06710 trails on several market indicators that neighboring New Haven County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 06710 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 06710 is an operator game, not a passive one. Stepping back, entry prices of $311K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Waterbury:
Property Strategy for 06710
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $199,033 | $1,670 | 6.0% | +18.6% | $99,516 |
| 3BR | $281,989 | $2,060 | 5.3% | +13.2% | $93,996 |
| 4BR | $315,561 | $2,440 | 5.6% | +12.3% | $78,890 |
| 5BR | $382,998 | — | — | +11.1% | $76,600 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 06710 Compare?
| Metric | 06710 | Waterbury | New Haven-Milford, CT | Connecticut |
|---|---|---|---|---|
| Home Value | $310,767 | $241,154 | N/A | $425,784 |
| 5-Year CAGR | 9.2% | 10.5% | N/A | 9.3% |
| Avg Rent | $1,533 | $1,539 | N/A | - |
| Cap Rate | 3.9% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 06710 (Waterbury, CT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 06710 (Waterbury, CT)?
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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 | $310,767 |
| Monthly Rent | $1,533 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 10-Year CAGR | +10.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 06710
Population: 9,669
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 06710
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
North End Middle School
Swift Middle School
West Side Middle School
Bucks Hill School
Hopeville 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
Is Waterbury, CT a good place for real estate investing?
Waterbury, CT posts an investability rating of 3.0/5, with median home values near $311K and average rents around $1,533/mo. That combination puts it in the impressive tier for investor interest.
What is the typical rental rate in Waterbury, CT?
Investors in Waterbury, CT typically see rents near $1,533/mo per month against $311K home values - a solid setup for rental cash flow.
What is the typical home price in Waterbury, CT?
In Waterbury, CT the median home value sits at $311K. Against the broader CT market, that reads as reasonable for most investors.
How tight is the rental market in Waterbury, CT?
Vacancy risk in Waterbury, CT is elevated. That supports consistent cash flow for typical rental holds.
Is Waterbury, CT better for rentals, flips, or BRRRR?
For Waterbury, CT, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 06710 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 06710 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 06710 ranks in New Haven-Milford, CT
Every ZIP in this metro, ranked. Free.
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