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ZIP Code · CT

ZIP 06708

Pop. 29,594·New Haven County·77th most expensive ZIP in Connecticut
Median rent (all units)
$1,592/mo
Year-over-Year
+5.9%
Month-over-Month
-3.5%
vs US Median
-$373
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 06708 · $1,592
More affordable than 67% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$19,104/yr
At $1,592/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 (+5.9% YoY, -3.5% 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

2021 vs 2026

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

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

Median household income rose from $59,198 to $67,364 between 2021 and 2024, a 13.8% shift. 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.

Community

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Local insights

Tips for renters in ZIP 06708

About renting in ZIP 06708

Last updated: July 20, 2026

ZIP code 06708 covers Waterbury, CT. The median rent here is $1,592/mo as of July 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,810/mo.

At 28% of local median household income ($67,364/yr), ZIP 06708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06708?

As of July 20, 2026, the median monthly rent in ZIP 06708 (Waterbury, CT) is $1,592. This is based on aggregated data from public sources and community submissions.

How does ZIP 06708 rent compare to the US average?

ZIP 06708's median rent of $1,592/mo is $373 (19%) below the US national median of $1,965/mo.

How does ZIP 06708 compare to other ZIPs in Connecticut?

ZIP 06708 is among the more affordable ZIP codes in Connecticut, ranking #77 out of 85 ZIPs at $1,592/mo.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,592/mo in ZIP 06708. The local median household income is $67,364/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 06708?

Rent in ZIP 06708 has increased 5.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 06708 an affordable place to rent?

ZIP 06708 is considered affordable for renters. At $1,592/mo, rent takes approximately 28% of the local median household income ($67,364/yr). The standard benchmark is 30%. ZIP 06708 falls comfortably within that range.

What percentage of ZIP 06708 residents rent vs. own?

According to Census data, approximately 40.7% of ZIP 06708 households are renters, while 59.3% are owner-occupied. ZIP 06708 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06708 compare to the rest of Waterbury?

ZIP 06708 is pricier than Waterbury as a whole. At $1,592/mo, it's $38 above the Waterbury citywide median of $1,554/mo.

When was rent data for ZIP 06708 last updated?

Rent data for ZIP 06708 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,592/mo, rent takes ~28% of ZIP 06708's median household income ($67,364/yr). The standard benchmark is 30%.

ZIP 06708 28%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06708 (Waterbury, CT)

Recent submissions

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