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ZIP Code · CT

ZIP 06702

Pop. 2,946·New Haven County·85th most expensive ZIP in Connecticut
Median rent (all units)
$1,225/mo
Year-over-Year
Stable
Month-over-Month
+2.1%
vs US Median
-$740
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 06702 · $1,225
More affordable than 91% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$14,700/yr
At $1,225/mo median
Location
StateCT
CountyNew Haven County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.1% 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

Tips for renters in ZIP 06702

About renting in ZIP 06702

Last updated: July 20, 2026

ZIP code 06702 covers Waterbury, CT. The median rent here is $1,225/mo as of July 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,380/mo.

At 102% 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 is rent in ZIP code 06702?

As of July 20, 2026, the median monthly rent in ZIP 06702 (Waterbury, CT) is $1,225. This is based on aggregated data from public sources and community submissions.

How does ZIP 06702 rent compare to the US average?

ZIP 06702's median rent of $1,225/mo is $740 (38%) below the US national median of $1,965/mo.

How does ZIP 06702 compare to other ZIPs in Connecticut?

ZIP 06702 is among the more affordable ZIP codes in Connecticut, ranking #85 out of 85 ZIPs at $1,225/mo.

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 $49,000/year (~$24/hour full-time) to afford the median rent of $1,225/mo in ZIP 06702. The local median household income is $14,474/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 06702?

Rent in ZIP 06702 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 06702 an affordable place to rent?

ZIP 06702 is considered expensive for renters. At $1,225/mo, rent takes approximately 102% of the local median household income ($14,474/yr). The standard benchmark is 30%. ZIP 06702 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 06702 residents rent vs. own?

According to Census data, approximately 92% of ZIP 06702 households are renters, while 8% are owner-occupied. With a majority renter population, ZIP 06702 has a strong rental market.

How does ZIP 06702 compare to the rest of Waterbury?

ZIP 06702 is more affordable than Waterbury overall. At $1,225/mo, it's $329 below the Waterbury citywide median of $1,554/mo.

When was rent data for ZIP 06702 last updated?

Rent data for ZIP 06702 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
102%
EXPENSIVE

At $1,225/mo, rent takes ~102% of ZIP 06702's median household income ($14,474/yr). The standard benchmark is 30%.

ZIP 06702 102%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06702 (Waterbury, CT)

Recent submissions

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