Rent to own Homes in Waterbury, CT
Nicknamed the Brass City, Waterbury, Connecticut, is located along the banks of the Naugatuck River a short 77 miles to the northeast of New York City. Known for its brassware manufacturing in the early twentieth century, the city became famous for its watches, clocks and brass castings. Waterbury's population has reached 110,189 people, according to the 2010 census. The city is made up of 17 distinct and stunningly beautiful neighborhoods that have withstood the test of time. Each has its own selection of rental homes and places to buy, as well as neighborhood associations, parks, and schools.
Waterbury, CT is a great place for affordable rent-to-own homes! With a median household income of over $46,329 and a median rent of $986, the Waterbury, CT rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Waterbury, CT. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Waterbury, CT Property Resources
Rent to own Homes in Cities Near Waterbury, CT
- Avon
- Bantam
- Barkhamsted
- Beacon Falls
- Branford Center
- Bridgewater
- Canton Valley
- Cheshire Village
- Collinsville
- Cromwell
- Danbury
- Daniels Farm
- Durham
- Hamden
- Heritage Village
- Litchfield
- Middletown
- Monroe
- Naugatuck
- New Britain
- New Hartford
- New Hartford Center
- New Haven
- Newington
- New Preston
- Newtown
- North Haven
- Northwest Harwinton
- Oxford
- Plainville
- Plantsville
- Plattsville
- Sandy Hook
- Southington
- South Kent
- Stratford
- Stratford Downtown
- Terryville
- Thomaston
- Torrington
- Wallingford Center
- Waterbury
- Watertown
- West Cornwall
- West Hartford
- West Haven
- Woodbridge
- Woodbury
- Woodbury Center
- Woodmont
Neighborhoods in Waterbury, CT
Deerfield And Sunset rent to own homes Downtown Waterbury Historic District rent to own homes Crownbrook rent to own homes Captian Neville Industrial Park rent to own homes Reidville Industrial Park rent to own homes Bank Street Historic District rent to own homes Boulevard rent to own homes Browns Meadows rent to own homes W.O.W rent to own homes Brookside Industrial Park rent to own homesPopular Zip Codes in Waterbury, CT
06706 rent to own homes 06704 rent to own homes 06705 rent to own homes 06708 rent to own homes 06710 rent to own homes 06702 rent to own homesBuying a Home in Waterbury, CT
Waterbury, CT is seeing rapid growth and Waterbury, CT's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Waterbury, CT is part of New Haven county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county New Haven is 1.69% which is above the national average, which is 0.99%.
Median Home Price in Waterbury, CT
Median Rent in Waterbury, CT
Top Reasons to Live in Waterbury CT
Housing Statistics If you want a rental house, a rental apartment, or a place to own in Waterbury, you might want to know more about the housing market there. The median home price in Waterbury is $165,200 and the average price of rent is $853 per month, which is a bargain compared to larger cities within the state. The vacancy rate for rentals is at 6.5%, while the owner vacancy rate is much lower at 2.1%, indicating that more people are staying in the homes they have purchased. It's not surprising given the intimacy of the neighborhoods, as well as their beauty and close proximity to so many recreational and economic areas.
Local Shopping Waterbury's shopping is a treat for hipsters and trend setters alike! Waterbury has quaint little shops owned by local craftsmen, artisans and entrepreneurs. On Da Move Urban Wear, located on S Main St, is just one example of the unique and entrepreneurial spirit felt in this town. Another very popular and unique local shop is Princess Corsets & Lingerie Shop, which is located in Historic Downtown Waterbury on Grand St. It is an excellent alternative to the warehouse style bridal boutiques and lingerie stores you can find in any city. If shopping gets to be too tiring for you, stop in at Timexpo Museum to learn all about the history of the Timex watch brand that dates back to 1854. No matter where your interests lie, there is something for everyone in this beautiful city!
Nightlife The nightlife of Waterbury is amazing. Whether it's a night out at the Palace Theatre to enjoy a Broadway play or an art exhibit on display at the Mattatuck Museum, there is always something amazing going on in Waterbury. The L-Tavern over on Highland Ave is a fantastic place to grab a mouthwatering burger and a frosty cold pint with friends after work. A slightly more sedate atmosphere can be found at the Mimosa Lounge on S Main St, where patrons enjoy the drinks while they visit with friends and unwind. Whatever your mood happens to be, you will find friendly, accommodating establishments all over the city of Waterbury that will make you return time and time again!
The Neighborhoods of Waterbury Here are some neighborhoods in Waterbury you should know about: