Mortgage payment estimates, closing cost breakdowns, and homebuying data for Waterbury, Connecticut.
Pre-filled with Waterbury median home price and Connecticut tax/insurance rates. Adjust for your property.
Estimated closing costs based on Connecticut rates and fees applied to Waterbury prices.
The median home price in Waterbury is $225,000, 44% below the Connecticut state median of $405,000. With a population of 114,403, Waterbury is a mid-size city where home prices tend to be more accessible than in many parts of Connecticut.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $225,000 home in Waterbury would carry roughly $403/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Waterbury is $1,220/month. The price-to-rent ratio in Waterbury is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Waterbury offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Connecticut's CHFA Homebuyer Mortgage program.