ZIP Code · CT

ZIP 06706

Part of Waterbury, CT

Pop. 15,551·New Haven County·78th most expensive ZIP in Connecticut

Median rent (all units)

$1,564/mo

Year-over-Year

Stable

Month-over-Month

+2.4%

vs US Median

-$368

Reported rents

Rising (Monthly)

Be the first to discuss 06706 rents ↓

Most AffordableMost Expensive

ZIP 06706 · $1,564

More affordable than 68% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($52,242) is $1,306 a month. That covers HUD's Fair Market Rent for up to a studio ($1,190); a 1-bedroom is $1,380.

Rank in Waterbury

4th cheapest of 6 ZIP codes in Waterbury.

Cheaper nearby

ZIP 06702, 2 miles away, rents for 14% less ($1,350/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 06706. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,768/yr

At $1,564/mo median

Location

CityWaterbury

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, +2.4% 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

Discussions about ZIP 06706

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 06706

About renting in ZIP 06706

Last updated: October 17, 2026

ZIP code 06706 covers Waterbury, CT. The median rent here is $1,564/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,710/mo.

At 36% 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 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 $63,000/year (about $30/hour full-time) to afford the median rent of $1,564/mo in ZIP 06706. The local median household income is $52,242/yr, so the typical household falls short of that bar.