The story of this market
The typical home in ZIP 06721 sells for about $520,000, or $260 per square foot.
Prices are up +16.9% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,249 a month.
ZIP 06721 — Waterbury
The housing market in 06712 shows strong price appreciation and high demand, evidenced by a median sale price of $520,000 and a low inventory of 17 active listings. The market is highly competitive with a sale-to-list ratio exceeding 100%, driven by limited supply and steady interest from family buyers. Figures for months of supply and specific price-cut percentages are based on current market activity reports.
This ZIP is well-suited for family buyers and commuters seeking a suburban environment with access to regional employment centers.
Median prices moved up 16.9% year over year.
Homes spend a median of 49 days on market with 0.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 2.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 06712, New Haven County, CT
The area is served by local public schools with generally stable performance ratings.
The area maintains a suburban character with steady residential demand and proximity to regional employment hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Connecticut) — Municipal Real Property Tax Assessment & Mill Rate Mechanics: Under C.G.S. § 12-62a, all taxable real property is assessed uniformly at a mandatory 70% assessment ratio of its fair market value (FMV). Real property tax is computed annually using the formula: Assessed Value = Fair Market Value × 0.
Residents typically commute by car to nearby employment centers in the Waterbury and Greater Hartford regions.
The area features local parks and green spaces, with access to regional trails and shopping centers within a short driving distance.
The rental market is characterized by limited inventory and steady demand, with few short-term rental pressures reported.
The local economy is supported by a mix of small businesses and proximity to the broader Waterbury industrial and service sectors.
The area is primarily served by state highway corridors facilitating regional transit.
Development is focused on residential infill and maintenance of existing infrastructure.
The county appraisal process follows state-mandated revaluation cycles for property tax assessment.
Parcels are subject to local municipal and school district tax levies.
Property insurance premiums are influenced by regional hazard profiles and state-level market conditions.
Connecticut operates as a judicial foreclosure state.
Sellers are required to provide a standard residential property condition disclosure report.
Data retrieved from Census Bureau ACS 5-year estimates for ZCTA 06712.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community park providing recreational space.
Access to retail and dining within a 3-mile radius.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.