Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 115,016 people, 45,968 houses or apartments, and a median cost of homes of $277,444, Waterbury real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Waterbury homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Waterbury, accounting for 38.58% of the city's housing units. Other types of housing that are prevalent in Waterbury include duplexes, homes converted to apartments or other small apartment buildings ( 32.45%), large apartment complexes or high rise apartments ( 24.77%), and a few row houses and other attached homes ( 4.17%).
People in Waterbury primarily live in small (one, two or no bedroom) single-family detached homes. Waterbury has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Waterbury built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waterbury built before 1939 ( 32.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 31.32%). There's also some housing in Waterbury built between 2000 and later ( 4.25%).
In the last 10 years, Waterbury has experienced some of the highest home appreciation rates of any community in the nation. Waterbury real estate appreciated 132.06% over the last ten years, which is an average annual home appreciation rate of 8.78%, putting Waterbury in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waterbury definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Waterbury that despite a nationwide downturn in the housing market, Waterbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waterbury appreciation rates continue to be some of the highest in America, at 9.49%, which is higher than appreciation rates in 84.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waterbury. Waterbury appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.86%.
Relative to Connecticut, our data show that Waterbury's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Waterbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waterbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Waterbury real estate investment or home purchase decisions.
$277,444
for Connecticut
for nation
45,968
$2,051 / per month