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 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.
Waterbury, CT is seeing rapid growth and Waterbury, CT's' housing market remains optimal with an average home price that is -100% below the 2022 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 2022 for county New Haven is 1.69% which is above the national average, which is 0.99%.
Waterbury, CT has a walk score of
Waterbury, CT has a bike score of
The state tax rate is 3.0 to 6.99% on top of the federal tax rate of 10 to 37%.