Investment metrics, interactive calculators, and data-driven analysis for Waterbury rental properties.
Pre-filled with Waterbury medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Waterbury.
Waterbury, CT has a population of 115,000 and has been growing at -0.1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $195,000 paired with median rents of $1,180/mo produces an estimated cap rate of 4.31%.
Property taxes at 1.7% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.8x, homes cost about 4.8 times the local median income of $40,800. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.1% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Waterbury presents moderate opportunities. Cap rates near 4.31% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.