ZIP Code · CT

ZIP 06702

Part of Waterbury, CT

Pop. 2,946·New Haven County·83rd most expensive ZIP in Connecticut

Median rent (all units)

$1,350/mo

Year-over-Year

Stable

Month-over-Month

-0.3%

vs US Median

-$582

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 06702 · $1,350

More affordable than 83% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$960

1 BR

$1,120

2 BR

$1,380

3 BR

$1,710

4 BR+

$2,070

Research median

$1,380/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($14,474) is $362 a month. That is less than HUD's Fair Market Rent for a studio ($960).

Rank in Waterbury

1st cheapest of 6 ZIP codes in Waterbury.

From Zillow's monthly rent index (ZORI) for ZIP 06702. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,200/yr

At $1,350/mo median

Location

CityWaterbury

StateCT

CountyNew Haven County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 06702 (Waterbury, CT) is majority renter-occupied, has a large retiree population, has a median income below the national average, 9.6% of residents hold a bachelor's degree or higher.

Population

2,946

Median income

$14,474

Median age

55.9

Renters

92%

Age distribution

12.5%

24.8%

33.3%

23.1%

Under 186.3%

18–3412.5%

35–5424.8%

55–6433.3%

65+23.1%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

30.6%

37%

38.3%

White30.6%

Black37%

Hispanic38.3%

Education (25+)

31.5%

41.8%

17.1%

No HS diploma31.5%

HS diploma41.8%

Some college17.1%

Bachelor's+9.6%

Housing tenure

92%

Owner8%

Renter92%

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

2021 vs 2026

How ZIP 06702 in Waterbury, CT has changed in 5 years

Income

$11,830 → $14,474

up 22.3%

Population

2,782 → 2,946

up 5.9%

Renter share

94.9% → 92%

-2.9 pts

Bachelor's+

10% → 9.6%

-0.4 pts

Median age

56.6 → 55.9

-0.7 yrs

Household income in the area moved from $11,830 to $14,474 across the same window, up 22.3% versus 2021. Headcount in the area went from 2,782 to 2,946 between 2021 and 2024, a 5.9% change. About 92% of households rent today, against 94.9% in 2021.

Community

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Local insights

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About renting in ZIP 06702

Last updated: October 17, 2026

ZIP code 06702 covers Waterbury, CT. The median rent here is $1,350/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,380/mo.

At 112% of local median household income ($14,474/yr), ZIP 06702 ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06702?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,350/mo in ZIP 06702. The local median household income is $14,474/yr, so the typical household falls short of that bar.