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Housing market/Connecticut/ZIP 06488

ACS 2023 · FY2027 SAFMR

ZIP 06488 Southbury, Connecticut

Waterbury-Shelton, CT MSA · Connecticut. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
19,973
Households
8,123
Median HH income
$112,434
Renter share
12.7%
Median gross rent
$1,906
Vacancy
8.0%
Pop. change
+1.1%
2BR SAFMR
$2,470
SAFMR / rent
1.296×
2–49 unit stock
1,634
LIHTC proj / units
—
HUD assisted MF
2 / 39

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 06488 · CT — sent to you.

ZIP 06488 · CT

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ACS rent vs 2BR SAFMR

ZIP 06488 — Southbury, CT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,906
2BR SAFMR$2,470
90% floor$2,223
110% ceiling$2,717

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 06488

  • 1-unit detached5,20258.9%
  • 1-unit attached1,78720.2%
  • 2–4 units1,14413.0%
  • 5–49 units4905.6%
  • 50+ units2032.3%
TypeUnitsShare
1-unit detached5,20258.9%
1-unit attached1,78720.2%
2 units (duplex)5466.2%
3–4 units5986.8%
5–9 units2592.9%
10–19 units1822.1%
20–49 units490.6%
50+ units2032.3%
Mobile00.0%

2–4 unit share 13.0% · 5–49 unit share 5.6% · combined 2–49 18.5%.

Units by bedrooms

Studio
105
1BR
698
2BR
3,068
3BR
1,985
4BR
2,517
5+
453

Rent burden

Rent ≥30% of income42.6%
Rent ≥50% of income27.2%
  • ACS median gross rent $1,906 (all bedrooms, occupied rentals).
  • Median contract rent $1,701.
  • Renters paying ≥30% of income 42.6%; ≥50% 27.2%.
  • FY2027 2BR SAFMR $2,470 (1.296× ACS median gross rent).

Population

19,973 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 2 properties, 39 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 06488 12.7% of occupied households are renters; vacancy is 8.0%; ACS median gross rent is $1,906; population increased +1.1% between the 2018 and 2023 ACS vintages; the housing stock includes 1,144 units in 2–4-unit structures and 490 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,470 versus ACS median gross rent of $1,906. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Connecticut research

ZIP 06488 is a Census / HUD profile for Waterbury-Shelton, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 06488 — Southbury, CT HUD Section 8 Payment Standards / SAFMR·Connecticut ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
06011Waterbury-Shelton, CT MSA——$1,71006032Waterbury-Shelton, CT MSA26.4%$1,828$2,45006062Waterbury-Shelton, CT MSA32.5%$1,090$1,56006401Waterbury-Shelton, CT MSA41.2%$1,405$1,81006403Waterbury-Shelton, CT MSA16.6%$1,886$2,33006410Waterbury-Shelton, CT MSA12.5%$1,288$1,66006418Waterbury-Shelton, CT MSA38.1%$1,453$1,78006451Waterbury-Shelton, CT MSA43.9%$1,207$1,85006468Waterbury-Shelton, CT MSA5.9%$1,466$2,26006477Waterbury-Shelton, CT MSA11.1%$2,016$2,80006478Waterbury-Shelton, CT MSA8.9%$1,411$1,72006479Waterbury-Shelton, CT MSA16.0%$1,858$2,640

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Connecticut research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 06488?

ZIP 06488 (Waterbury-Shelton, CT MSA) has 19,973 residents, 8,123 households, a renter share of 12.7%, median household income of $112,434, and ACS 2023 median gross rent of $1,906. Vacancy is 8.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 06488?

ACS counts 546 units in 2-unit buildings, 598 in 3–4 unit buildings, 259 in 5–9, 182 in 10–19, and 49 in 20–49. Combined 2–49 unit stock is 1,634 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 06488?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,470. See the full schedule and 90–110% payment-standard band on the ZIP 06488 — Southbury, CT HUD Section 8 Payment Standards / SAFMR.

Does this Connecticut ZIP profile include Georgia listings?

No. ZIP 06488 is Census / HUD research for Waterbury-Shelton, CT MSA. Jeff Crowe CRE does not list Connecticut property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.