06705, Waterbury, CT

The 6705 zip code of Waterbury, CT is located in the northeast corner of the state and includes a population of approximately 106,000. The median household income in this zip code is $60,000 and the median home value is $185,000. Home equity in this zip code has increased by over 50% since 2007, making it one of the most desirable areas to live in Connecticut.

One reason for the increase in home equity is that there has been an increase in home prices throughout Connecticut. In 2007, the median home price was $160,000. By 2016, this had increased to $236,500. This represents an increase of over 50%. Additionally, there has been an increase in demand for homes within this zip code because of its close proximity to both New York City and Boston.

Another factor that has contributed to the increase in home values within this zip code is that it has a low unemployment rate (3%) and a high percentage of college graduates (41%). These factors are likely contributing to the high demand for homes within this area. Additionally, there are many amenities available within walking distance of most homes including restaurants and shopping centers.