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ZIP Code · CT

ZIP 06706

Pop. 15,551·New Haven County·84th most expensive ZIP in Connecticut
Median rent (all units)
$1,377/mo
Year-over-Year
Stable
Month-over-Month
-0.7%
vs US Median
-$588
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 06706 · $1,377
More affordable than 82% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,380
2 BR
$1,710
3 BR
$2,110
4 BR+
$2,490
Research median
$1,710/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
$16,524/yr
At $1,377/mo median
Location
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, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 06706 (Waterbury, CT) is majority renter-occupied, has a median income below the national average, 16.7% of residents hold a bachelor's degree or higher.

Population
15,551
Median income
$52,242
Median age
36.1
Renters
59.2%
Age distribution
24.9%
23.3%
25.5%
15.9%
Under 1824.9%
18–3423.3%
35–5425.5%
55–6410.3%
65+15.9%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
35.5%
26.2%
37.3%
White35.5%
Black26.2%
Hispanic37.3%
Asian4.5%
Education (25+)
24.9%
39.7%
18.6%
16.7%
No HS diploma24.9%
HS diploma39.7%
Some college18.6%
Bachelor's+16.7%
Housing tenure
40.8%
59.2%
Owner40.8%
Renter59.2%

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

2021 vs 2026

How ZIP 06706 in Waterbury, CT has changed in 5 years

Income
$47,239 → $52,242
up 10.6%
Population
15,060 → 15,551
up 3.3%
Renter share
54.3% → 59.2%
+4.9 pts
Bachelor's+
14.3% → 16.7%
+2.4 pts
Median age
40.1 → 36.1
-4.0 yrs

Census figures show median household income at $52,242 today, compared with $47,239 five years earlier. The population has grown by 3.3% since 2021, moving from about 15,060 residents to roughly 15,551. Renters now make up 59.2% of households, compared with 54.3% five years ago. College-educated residents now make up 16.7% of adults here, versus 14.3% in 2021.

Community

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Local insights

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About renting in ZIP 06706

Last updated: July 20, 2026

ZIP code 06706 covers Waterbury, CT. The median rent here is $1,377/mo as of July 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,710/mo.

At 32% of local median household income ($52,242/yr), ZIP 06706 ranks as moderate 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 06706?

As of July 20, 2026, the median monthly rent in ZIP 06706 (Waterbury, CT) is $1,377. This is based on aggregated data from public sources and community submissions.

How does ZIP 06706 rent compare to the US average?

ZIP 06706's median rent of $1,377/mo is $588 (30%) below the US national median of $1,965/mo.

How does ZIP 06706 compare to other ZIPs in Connecticut?

ZIP 06706 is among the more affordable ZIP codes in Connecticut, ranking #84 out of 85 ZIPs at $1,377/mo.

How much income do you need to rent in ZIP 06706?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,377/mo in ZIP 06706. The local median household income is $52,242/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 06706?

Rent in ZIP 06706 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 06706 an affordable place to rent?

ZIP 06706 is considered moderate for renters. At $1,377/mo, rent takes approximately 32% of the local median household income ($52,242/yr). The standard benchmark is 30%. ZIP 06706 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 06706 residents rent vs. own?

According to Census data, approximately 59.2% of ZIP 06706 households are renters, while 40.8% are owner-occupied. With a majority renter population, ZIP 06706 has a strong rental market.

How does ZIP 06706 compare to the rest of Waterbury?

ZIP 06706 is more affordable than Waterbury overall. At $1,377/mo, it's $177 below the Waterbury citywide median of $1,554/mo.

When was rent data for ZIP 06706 last updated?

Rent data for ZIP 06706 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,377/mo, rent takes ~32% of ZIP 06706's median household income ($52,242/yr). The standard benchmark is 30%.

ZIP 06706 32%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06706 (Waterbury, CT)

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