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Housing market/Connecticut/ZIP 06702

ACS 2023 · FY2027 SAFMR

ZIP 06702 Waterbury, 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
3,117
Households
1,676
Median HH income
$16,198
Renter share
96.1%
Median gross rent
$720
Vacancy
12.3%
Pop. change
+3.0%
2BR SAFMR
$1,610
SAFMR / rent
2.236×
2–49 unit stock
1,079
LIHTC proj / units
4 / 284
HUD assisted MF
8 / 810

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 06702 · CT — sent to you.

ZIP 06702 · CT

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ACS rent vs 2BR SAFMR

ZIP 06702 — Waterbury, CT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$720
2BR SAFMR$1,610
90% floor$1,449
110% ceiling$1,771

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

Housing stock

ACS 2023 units-in-structure · ZCTA 06702

  • 2–4 units36219.0%
  • 5–49 units71737.5%
  • 50+ units83143.5%
TypeUnitsShare
1-unit detached00.0%
1-unit attached00.0%
2 units (duplex)1246.5%
3–4 units23812.5%
5–9 units25313.2%
10–19 units20110.5%
20–49 units26313.8%
50+ units83143.5%
Mobile00.0%

2–4 unit share 19.0% · 5–49 unit share 37.5% · combined 2–49 56.5%.

Units by bedrooms

Studio
391
1BR
930
2BR
176
3BR
226
4BR
187
5+
0

Rent burden

Rent ≥30% of income45.3%
Rent ≥50% of income34.4%
  • ACS median gross rent $720 (all bedrooms, occupied rentals).
  • Median contract rent $611.
  • Renters paying ≥30% of income 45.3%; ≥50% 34.4%.
  • FY2027 2BR SAFMR $1,610 (2.236× ACS median gross rent).

Population

3,117 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.0%.

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

Assisted inventory

  • LIHTC: 4 projects, 284 units.
  • HUD project-based assisted MF: 8 properties, 810 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 06702 96.1% of occupied households are renters; vacancy is 12.3%; ACS median gross rent is $720; population increased +3.0% between the 2018 and 2023 ACS vintages; the housing stock includes 362 units in 2–4-unit structures and 717 units in 5–49-unit structures; 4 LIHTC projects totaling 284 units; FY2027 2BR SAFMR is $1,610 versus ACS median gross rent of $720. 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 06702 is a Census / HUD profile for Waterbury-Shelton, CT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 06702 — Waterbury, 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 06702?

ZIP 06702 (Waterbury-Shelton, CT MSA) has 3,117 residents, 1,676 households, a renter share of 96.1%, median household income of $16,198, and ACS 2023 median gross rent of $720. Vacancy is 12.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 06702?

ACS counts 124 units in 2-unit buildings, 238 in 3–4 unit buildings, 253 in 5–9, 201 in 10–19, and 263 in 20–49. Combined 2–49 unit stock is 1,079 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 06702?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,610. See the full schedule and 90–110% payment-standard band on the ZIP 06702 — Waterbury, CT HUD Section 8 Payment Standards / SAFMR.

Does this Connecticut ZIP profile include Georgia listings?

No. ZIP 06702 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.