RentDataNowRentDataNow
ZIP Code · CT

ZIP 06705

Pop. 25,266·New Haven County·76th most expensive ZIP in Connecticut
Median rent (all units)
$1,607/mo
Year-over-Year
+2.0%
Month-over-Month
-5.9%
vs US Median
-$358
Falling (Monthly)
Be the first to discuss 06705 rents ↓
Most AffordableMost Expensive
ZIP 06705 · $1,607
More affordable than 66% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: July 20, 2026

Annual cost
$19,284/yr
At $1,607/mo median
Location
StateCT
CountyNew Haven County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+2.0% YoY, -5.9% MoM), not inventory.
Demographics

Who lives here

ZIP 06705 (Waterbury, CT) is roughly split between renters and owners, has a median income below the national average, 18.8% of residents hold a bachelor's degree or higher.

Population
25,266
Median income
$53,954
Median age
39.7
Renters
48.8%
Age distribution
23.9%
20.1%
27.7%
12.5%
15.7%
Under 1823.9%
18–3420.1%
35–5427.7%
55–6412.5%
65+15.7%
Gender
44.4%
55.6%
Male44.4%
Female55.6%
Race & ethnicity
43.4%
22.6%
31.5%
White43.4%
Black22.6%
Hispanic31.5%
Asian3.2%
Education (25+)
12.6%
39.6%
29%
18.8%
No HS diploma12.6%
HS diploma39.6%
Some college29%
Bachelor's+18.8%
Housing tenure
51.2%
48.8%
Owner51.2%
Renter48.8%

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

2021 vs 2026

How ZIP 06705 in Waterbury, CT has changed in 5 years

Income
$50,299 → $53,954
up 7.3%
Population
25,976 → 25,266
down 2.7%
Renter share
55.4% → 48.8%
-6.6 pts
Bachelor's+
19.2% → 18.8%
-0.4 pts
Median age
41.3 → 39.7
-1.6 yrs

On the earnings side, the typical household in ZIP 06705 in Waterbury, CT now reports about $53,954, up from $50,299 in 2021. The population has contracted by 2.7% since 2021, moving from about 25,976 residents to roughly 25,266. Renters now make up 48.8% of households, compared with 55.4% five years ago.

Community

Discussions about ZIP 06705

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 06705

About renting in ZIP 06705

Last updated: July 20, 2026

ZIP code 06705 covers Waterbury, CT. The median rent here is $1,607/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 36% of local median household income ($53,954/yr), ZIP 06705 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06705?

As of July 20, 2026, the median monthly rent in ZIP 06705 (Waterbury, CT) is $1,607. This is based on aggregated data from public sources and community submissions.

How does ZIP 06705 rent compare to the US average?

ZIP 06705's median rent of $1,607/mo is $358 (18%) below the US national median of $1,965/mo.

How does ZIP 06705 compare to other ZIPs in Connecticut?

ZIP 06705 is among the more affordable ZIP codes in Connecticut, ranking #76 out of 85 ZIPs at $1,607/mo.

How much income do you need to rent in ZIP 06705?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,607/mo in ZIP 06705. The local median household income is $53,954/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 06705?

Rent in ZIP 06705 has increased 2.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 06705 an affordable place to rent?

ZIP 06705 is considered moderate for renters. At $1,607/mo, rent takes approximately 36% of the local median household income ($53,954/yr). The standard benchmark is 30%. ZIP 06705 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 06705 residents rent vs. own?

According to Census data, approximately 48.8% of ZIP 06705 households are renters, while 51.2% are owner-occupied. ZIP 06705 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06705 compare to the rest of Waterbury?

ZIP 06705 is pricier than Waterbury as a whole. At $1,607/mo, it's $53 above the Waterbury citywide median of $1,554/mo.

When was rent data for ZIP 06705 last updated?

Rent data for ZIP 06705 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,607/mo, rent takes ~36% of ZIP 06705's median household income ($53,954/yr). The standard benchmark is 30%.

ZIP 06705 36%Benchmark 30%
State income tax3–6.99%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 06705 (Waterbury, CT)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.