Zip lookup · CT

06704
Waterbury, Connecticut.

Waterbury, New Haven County, CT · New Haven-Milford, CT metro · population 31,713

What it costs per month · 06704 $1,406/mo

to buy the typical home at today's mortgage rate — +$997 (+244%) since Jan 2020.

What the home itself did
1 year
Up $9,162 +4%
$258,670$267,832 since Sep 2025
5 years
Up $107,956 +68%
$159,876$267,832 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 06704 $1,406 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 06704$1,406
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 7 years.

Typical home values in zip 06704 rose 3.5% over the past year — faster than the nation's +1.2%.

Asking rents in zip 06704 rose 1.4% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 06704 runs $599/mo more than renting one. The gap peaked at $606 in Apr 2025.

That is $2,097 a month against $1,498 rent: a $1,406 mortgage payment, plus $404 property tax and $287 insurance & upkeep.

Owning vs renting — zip 06704

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,250 $1,500 $1,750 $2,000 2024 2025 2026 Owning all in $2,097 Renting $1,498 Mortgage only $1,406
$1,250 $1,500 $1,750 $2,000 2024 2025 2026
  • Owning all in$2,097
  • Renting$1,498
  • Mortgage only$1,406

Property tax · $404/mo 1.81% of value a year — the ACS 2020-2024 median bill over the median home value for Connecticut

Insurance & upkeep · $287/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Waterbury, CT — measured over the city limits, which is a different area from this zip.

Asking rent $1,498 as of Sep 2026
+1.4%year on year
Typical home value $267,832 as of Sep 2026
+3.5%year on year

Asking rent — 06704

Against the New Haven-Milford, CT metro and the national benchmark.

$1,400 $1,600 $1,800 $2,000 2024 2025 2026 06704 $1,498 New Haven $2,043 United States $1,932
$1,400 $1,600 $1,800 $2,000 2024 2025 2026
  • 06704$1,498
  • New Haven$2,043
  • United States$1,932

Typical home value — 06704

Mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 $400,000 2018 2020 2022 2024 2026 06704 $267,832 New Haven $406,204 United States $366,157
$100,000 $200,000 $300,000 $400,000 2018 2022 2026
  • 06704$267,832
  • New Haven$406,204
  • United States$366,157

Within 20 miles

Showing 30 of 75 zips in range — sorting picks from all 75.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.3 06710 Waterbury 9,942 $1,560 $308,538
2.1 06702 Waterbury 2,946 $1,350 —
2.5 06779 Oakville 8,364 — $343,485
3.1 06708 Waterbury 29,594 $1,632 $304,374
3.3 06716 Wolcott 16,113 — $393,056
3.3 06705 Waterbury 25,266 $1,644 $268,073
3.7 06706 Waterbury 15,551 $1,564 $283,201
4.8 06782 Plymouth 1,978 — $350,315
5.2 06795 Watertown 13,889 — $431,256
5.8 06786 Terryville 9,768 $1,636 $333,201
6.2 06762 Middlebury 7,807 — $548,193
6.4 06787 Thomaston 7,509 — $349,696
6.7 06712 Prospect 9,458 — $472,535
6.7 06479 Plantsville 10,286 $1,625 $424,812
6.8 06770 Naugatuck 31,823 $1,895 $351,977
8.1 06010 Bristol 61,684 $1,650 $346,672
8.4 06410 Cheshire 28,904 $2,760 $539,123
8.5 06489 Southington 32,706 — $446,780
9.2 06798 Woodbury 9,833 — $528,569
9.6 06778 Northfield 1,574 — $438,293
9.9 06751 Bethlehem 3,423 — $521,624
10.2 06403 Beacon Falls 6,147 — $427,946
10.7 06062 Plainville 17,555 $1,652 $344,344
11.2 06451 Meriden 24,851 $1,964 $333,249
11.2 06524 Bethany 5,288 — $560,401
11.5 06763 Morris 2,151 — $538,251
11.8 06791 Harwinton 5,602 — $435,745
11.9 06478 Oxford 12,991 $2,710 $595,962
12.6 06518 Hamden 20,126 $2,745 $397,112
12.6 06013 Burlington 9,680 — $536,013

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.