Affordable & Income-Based Housing in Waterbury

Affordability

According to Census ACS 5-Year data (as of 2024), the median household income in Waterbury is $51,886 annually, while the median gross rent is $1,225 per month. With 53% of residents renting their homes, demand for affordable housing options is significant in this city.

Lease Lantern tracks 26 HUD-assisted and income-based properties totaling 3,334 units in Waterbury, offering income-qualified renters a range of subsidized options across the city.

Safety

According to FBI Crime Data Explorer, the Waterbury Police Department reported a violent crime rate of 328 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Waterbury

According to Walk Score, the area around assisted properties in Waterbury scores 65 (Somewhat Walkable), 45 for Transit (Some Transit), and 31 for Biking. These scores reflect conditions near the assisted housing locations, not the city as a whole.

Schools

According to NCES Common Core of Data, 33 public schools across 5 districts serve Waterbury, including 22 elementary, 4 middle, and 7 high schools. Ratings and performance vary by school and district, so renters should check the assigned schools for a specific address before applying.

Cost of Renting in Waterbury, CT

The median household income in Waterbury is $51,886 per year, according to Census ACS 5-Year data. The median asking rent in the city is $1,225 per month, according to the same source.

Affordable and income-based housing can meaningfully reduce housing costs for eligible renters. Waterbury has 26 HUD-assisted or income-restricted properties with a combined 3,334 units across the city.

• Median household income: $51,886/year (Census ACS 5-Year)
• Median rent: $1,225/month (Census ACS 5-Year)
• Share of residents who rent: 53% (Census ACS 5-Year)
• Income-restricted properties in Waterbury: 26 buildings, 3,334 total units

Environment and Flood Risk

All 26 affordable housing properties in Waterbury were mapped for flood zone exposure. None are located in a high-risk flood zone, according to HUD-assisted property data.