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ZIP Code · CT

ZIP 06704

Pop. 31,713·New Haven County·81st most expensive ZIP in Connecticut
Median rent (all units)
$1,521/mo
Year-over-Year
+4.1%
Month-over-Month
+0.3%
vs US Median
-$444
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 06704 · $1,521
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,400
2 BR
$1,730
3 BR
$2,140
4 BR+
$2,520
Research median
$1,730/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
$18,252/yr
At $1,521/mo median
Location
StateCT
CountyNew Haven County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.1% YoY, +0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 06704 (Waterbury, CT) is roughly split between renters and owners, has a median income below the national average, 14.2% of residents hold a bachelor's degree or higher.

Population
31,713
Median income
$48,718
Median age
34.6
Renters
54.7%
Age distribution
24.1%
26.6%
23.2%
15.1%
Under 1824.1%
18–3426.6%
35–5423.2%
55–6410.9%
65+15.1%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
28.1%
31%
47%
White28.1%
Black31%
Hispanic47%
Asian1.8%
Education (25+)
22.3%
35.1%
28.4%
14.2%
No HS diploma22.3%
HS diploma35.1%
Some college28.4%
Bachelor's+14.2%
Housing tenure
45.3%
54.7%
Owner45.3%
Renter54.7%

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

2021 vs 2026

How ZIP 06704 in Waterbury, CT has changed in 5 years

Income
$45,126 → $48,718
up 8.0%
Population
28,226 → 31,713
up 12.4%
Renter share
55.5% → 54.7%
-0.8 pts
Bachelor's+
13.8% → 14.2%
+0.4 pts
Median age
35.1 → 34.6
-0.5 yrs

Census figures show median household income at $48,718 today, compared with $45,126 five years earlier. Headcount in the area went from 28,226 to 31,713 between 2021 and 2024, a 12.4% change.

Community

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Local insights

Tips for renters in ZIP 06704

About renting in ZIP 06704

Last updated: July 20, 2026

ZIP code 06704 covers Waterbury, CT. The median rent here is $1,521/mo as of July 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,730/mo.

At 37% of local median household income ($48,718/yr), ZIP 06704 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06704?

As of July 20, 2026, the median monthly rent in ZIP 06704 (Waterbury, CT) is $1,521. This is based on aggregated data from public sources and community submissions.

How does ZIP 06704 rent compare to the US average?

ZIP 06704's median rent of $1,521/mo is $444 (23%) below the US national median of $1,965/mo.

How does ZIP 06704 compare to other ZIPs in Connecticut?

ZIP 06704 is among the more affordable ZIP codes in Connecticut, ranking #81 out of 85 ZIPs at $1,521/mo.

How much income do you need to rent in ZIP 06704?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,521/mo in ZIP 06704. The local median household income is $48,718/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 06704?

Rent in ZIP 06704 has increased 4.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 06704 an affordable place to rent?

ZIP 06704 is considered moderate for renters. At $1,521/mo, rent takes approximately 37% of the local median household income ($48,718/yr). The standard benchmark is 30%. ZIP 06704 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 06704 residents rent vs. own?

According to Census data, approximately 54.7% of ZIP 06704 households are renters, while 45.3% are owner-occupied. With a majority renter population, ZIP 06704 has a strong rental market.

How does ZIP 06704 compare to the rest of Waterbury?

ZIP 06704 is more affordable than Waterbury overall. At $1,521/mo, it's $33 below the Waterbury citywide median of $1,554/mo.

When was rent data for ZIP 06704 last updated?

Rent data for ZIP 06704 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $1,521/mo, rent takes ~37% of ZIP 06704's median household income ($48,718/yr). The standard benchmark is 30%.

ZIP 06704 37%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06704 (Waterbury, CT)

Recent submissions

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