The typical owner-occupied home in Waterbury is worth about $208,500, 43% below the Connecticut median of $366,900 and 37% below the national median of $332,700. Owners pay a median $5,449 a year in property taxes, about 2.61% of their home's value, higher than the Connecticut rate of 1.81%. The median household earns $51,886 a year, so the median home costs 4.0 times the median income (3.8 times for Connecticut). 47% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Waterbury at a glance
| Waterbury | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $208,500 | $366,900 | $332,700 |
| Median property tax paid per year | $5,449 | $6,643 | $3,119 |
| Property tax as a share of value | 2.61% | 1.81% | 0.94% |
| Median household income | $51,886 | $95,781 | $80,734 |
| Homes lived in by their owners | 47% | 66% | 65% |
| Owner homes with a mortgage | 65% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,850 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 27.2% | 21.8% | 21.0% |
| Median rent | $1,225 | $1,488 | $1,413 |
| Rent as a share of renters' income | 35.0% | 31.4% | 30.6% |
| Median year homes were built | 1959 | 1967 | 1980 |
| Vacant homes | 8.6% | 7.0% | 10.1% |
| Population | 114,869 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Waterbury
At this week's average 30-year rate of 7.11%, buying the median Waterbury home of $208,500 with 20% down costs about $1,662 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,010, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $71,247 for the 20%-down payment. That payment is 38% of the median Waterbury household income of $51,886; at that income and 20% down, the 28% guideline points to a home of about $152,000.
The median rent here is $1,225 a month, so owning the median home costs about $437 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,700 |
|---|---|
| Loan amount | $166,800 |
| Principal and interest | $1,122 |
| Property taxes (2.61% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,662 |
Change the numbers in the calculator
| Down payment | $7,298 |
|---|---|
| Loan amount | $204,724 |
| Principal and interest | $1,377 |
| Property taxes (2.61% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $92 |
| Total per month | $2,010 |
Change the numbers in the calculator
Questions about home buying in Waterbury
What is the median home value in Waterbury?
About $208,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waterbury?
Homeowners pay a median $5,449 a year, which is about 2.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waterbury?
For the median home with 20% down at 7.11%, the payment is about $1,662 a month. Keeping that under 28% of gross income takes about $71,247 a year.
More about Waterbury
- Mortgage Refinance in Waterbury
- Debt Relief in Waterbury
- Home Equity Loans in Waterbury
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data