ZIP Code · CT

ZIP 06708

Part of Waterbury, CT

Pop. 29,594·New Haven County·73rd most expensive ZIP in Connecticut

Median rent (all units)

$1,632/mo

Year-over-Year

+2.5%

Month-over-Month

+0.2%

vs US Median

-$300

Reported rents

Stable (Monthly)

Be the first to discuss 06708 rents ↓

Most AffordableMost Expensive

ZIP 06708 · $1,632

More affordable than 63% 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

$1,260

1 BR

$1,460

2 BR

$1,810

3 BR

$2,240

4 BR+

$2,640

Research median

$1,810/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

Compared with the peak

Rent in ZIP 06708 is 1.2% below its high of $1,651 in January 2026, at $1,632 as of September 2026.

Past year vs. the rest of Connecticut

Rent in ZIP 06708 changed +2.5% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($67,364) is $1,684 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,460); a 2-bedroom is $1,810.

Rank in Waterbury

5th cheapest of 6 ZIP codes in Waterbury.

Cheaper nearby

ZIP 06702, 1 mile away, rents for 17% less ($1,350/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 06708. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,584/yr

At $1,632/mo median

Location

CityWaterbury

StateCT

CountyNew Haven County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 06708 (Waterbury, CT) is majority owner-occupied, 22.2% of residents hold a bachelor's degree or higher.

Population

29,594

Median income

$67,364

Median age

38.5

Renters

40.7%

Age distribution

21.6%

24.5%

25.2%

14.2%

14.6%

Under 1821.6%

18–3424.5%

35–5425.2%

55–6414.2%

65+14.6%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

46.9%

16.1%

37.1%

White46.9%

Black16.1%

Hispanic37.1%

Asian2%

Education (25+)

14.3%

33.9%

29.6%

22.2%

No HS diploma14.3%

HS diploma33.9%

Some college29.6%

Bachelor's+22.2%

Housing tenure

59.3%

40.7%

Owner59.3%

Renter40.7%

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

2023 vs 2026

How ZIP 06708 in Waterbury, CT has changed in 5 years

Rent

$1,319 → $1,632

up 23.7%

Income

$59,198 → $67,364

up 13.8%

Population

31,469 → 29,594

down 6.0%

Renter share

44.2% → 40.7%

-3.5 pts

Bachelor's+

23.2% → 22.2%

-1.0 pts

Median age

36 → 38.5

+2.5 yrs

The median rent in ZIP 06708 in Waterbury, CT stood at $1,319 in 2023 and currently runs about $1,632, reflecting a 23.7% increase over the period. Median household income rose from $59,198 to $67,364 between 2021 and 2024, a 13.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 6.0% since 2021, moving from about 31,469 residents to roughly 29,594. Renters now make up 40.7% of households, compared with 44.2% five years ago. Taken together, the five-year picture in ZIP 06708 in Waterbury, CT reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about ZIP 06708

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 06708

About renting in ZIP 06708

Last updated: October 17, 2026

ZIP code 06708 covers Waterbury, CT. The median rent here is $1,632/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,810/mo.

At 29% of local median household income ($67,364/yr), ZIP 06708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06708?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,632/mo in ZIP 06708. The local median household income is $67,364/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 06708?

Rent in ZIP 06708 has risen 2.5% over the past year as of September 2026. It sits 1.2% below its high of $1,651 in January 2026.

How does ZIP 06708 compare to other ZIPs in Connecticut?

ZIP 06708 is one of the more affordable among Connecticut ZIP codes for rent, ranking #73 of 83 at $1,632/mo. Over the year to September 2026, rent in ZIP 06708 changed +2.5%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.