ZIP Code · CT

ZIP 06705

Part of Waterbury, CT

Pop. 25,266·New Haven County·72nd most expensive ZIP in Connecticut

Median rent (all units)

$1,644/mo

Year-over-Year

+6.5%

Month-over-Month

+0.7%

vs US Median

-$288

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 06705 · $1,644

More affordable than 62% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 06705 is at its highest level since Zillow's records here began in June 2023.

Past year vs. the rest of Connecticut

Rent in ZIP 06705 changed +6.5% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Recent direction

Rent has risen 6 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($53,954) is $1,349 a month. That covers HUD's Fair Market Rent for up to a studio ($1,210); a 1-bedroom is $1,400.

Rank in Waterbury

6th cheapest of 6 ZIP codes in Waterbury.

Cheaper nearby

ZIP 06702, 3 miles away, rents for 18% less ($1,350/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 06705. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,728/yr

At $1,644/mo median

Location

CityWaterbury

StateCT

CountyNew Haven County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.5% YoY, +0.7% 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

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Local insights

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About renting in ZIP 06705

Last updated: October 17, 2026

ZIP code 06705 covers Waterbury, CT. The median rent here is $1,644/mo as of October 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 ($53,954/yr), ZIP 06705 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

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 $66,000/year (about $32/hour full-time) to afford the median rent of $1,644/mo in ZIP 06705. The local median household income is $53,954/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 06705?

Rent in ZIP 06705 has risen 6.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2023.

How does ZIP 06705 compare to other ZIPs in Connecticut?

ZIP 06705 is one of the more affordable among Connecticut ZIP codes for rent, ranking #72 of 83 at $1,644/mo. Over the year to September 2026, rent in ZIP 06705 changed +6.5%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.