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ZIP Code · CT

ZIP 06385

Pop. 15,966·New London County·42nd most expensive ZIP in Connecticut
Median rent (all units)
$2,173/mo
Year-over-Year
Stable
Month-over-Month
+6.4%
vs US Median
+$208
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 06385 · $2,173
More expensive than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,740
2 BR
$2,170
3 BR
$2,800
4 BR+
$3,480
Research median
$2,170/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,076/yr
At $2,173/mo median
Location
StateCT
CountyNew London County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +6.4% MoM), not inventory.
Demographics

Who lives here

ZIP 06385 (Waterford, CT) is majority owner-occupied, has a large retiree population, has a median income above the national average, 42.3% of residents hold a bachelor's degree or higher.

Population
15,966
Median income
$100,484
Median age
46.4
Renters
21.4%
Age distribution
19.7%
18.7%
24.9%
13.3%
23.5%
Under 1819.7%
18–3418.7%
35–5424.9%
55–6413.3%
65+23.5%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
83.2%
White83.2%
Black2.3%
Hispanic8.2%
Asian4.3%
Other2%
Education (25+)
28.5%
25.4%
42.3%
No HS diploma3.8%
HS diploma28.5%
Some college25.4%
Bachelor's+42.3%
Housing tenure
78.6%
21.4%
Owner78.6%
Renter21.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 06385 in Waterford, CT has changed in 5 years

Income
$95,154 → $100,484
up 5.6%
Population
15,791 → 15,966
up 1.1%
Renter share
22.4% → 21.4%
-1.0 pts
Bachelor's+
41.4% → 42.3%
+0.9 pts

Household income in the area moved from $95,154 to $100,484 across the same window, up 5.6% versus 2021. The population has grown by 1.1% since 2021, moving from about 15,791 residents to roughly 15,966.

Community

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Local insights

Tips for renters in ZIP 06385

About renting in ZIP 06385

Last updated: July 20, 2026

ZIP code 06385 covers Waterford, CT. The median rent here is $2,173/mo as of July 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,170/mo.

At 26% of local median household income ($100,484/yr), ZIP 06385 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06385?

As of July 20, 2026, the median monthly rent in ZIP 06385 (Waterford, CT) is $2,173. This is based on aggregated data from public sources and community submissions.

How does ZIP 06385 rent compare to the US average?

ZIP 06385's median rent of $2,173/mo is $208 (11%) above the US national median of $1,965/mo.

How does ZIP 06385 compare to other ZIPs in Connecticut?

ZIP 06385 falls in the middle range for Connecticut, ranking #42 out of 85 ZIPs at $2,173/mo.

How much income do you need to rent in ZIP 06385?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,173/mo in ZIP 06385. The local median household income is $100,484/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 06385?

Rent in ZIP 06385 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 06385 an affordable place to rent?

ZIP 06385 is considered affordable for renters. At $2,173/mo, rent takes approximately 26% of the local median household income ($100,484/yr). The standard benchmark is 30%. ZIP 06385 falls comfortably within that range.

What percentage of ZIP 06385 residents rent vs. own?

According to Census data, approximately 21.4% of ZIP 06385 households are renters, while 78.6% are owner-occupied. ZIP 06385 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06385 compare to the rest of Waterford?

ZIP 06385 sits right at the Waterford citywide median of $2,173/mo.

When was rent data for ZIP 06385 last updated?

Rent data for ZIP 06385 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,173/mo, rent takes ~26% of ZIP 06385's median household income ($100,484/yr). The standard benchmark is 30%.

ZIP 06385 26%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06385 (Waterford, CT)

Recent submissions

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