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Sarah Mitchell
Compass Real Estate · ZIP 06708
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06708 ZIP Code Housing Market
$315,000median sale price
What is the 06708 housing market like right now?
The median home sale price in ZIP code 06708 is $315,000, up 3.1% year-over-year. Homes sell in an average of 49 days with 80 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 06708 ZIP code a buyer's or seller's market?
ZIP code 06708 is currently a balanced market and homes selling in about 49 days. How we determine this →
What are the latest 06708 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $325,000 |
| Year-over-year price change | +3.1% |
| Average days on market | 49 days |
| Active inventory | 80 listings |
| Sale-to-list price ratio | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 06708 zip code, located in Waterbury, CT, is currently classified as a balanced market. The median sale price stands at $315,000, representing a +3.1% change year over year. Homes in this area spend an average of 49 days on the market before going under contract. There are currently 80 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 06708 sits in the Waterbury, CT area, roughly 1.9 miles from downtown Waterbury. Because home prices are set street by street, this ZIP can move differently from Waterbury's citywide averages. The figures below reflect 06708 specifically — drawn from Redfin transactions, U.S. Census data for its 29,594 residents, and Zillow value estimates.
Homes sold
75
Last 12 weeks
Days on market
49
Average pace
Active listings
80
Sale-to-list
100.0%
Above asking
What is driving the 06708 housing market?
The 06708 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 06708 have increased +3.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 06708 stands at $309,227, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,592 per month. This gives a price-to-rent ratio of approximately 16.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 06708?
Population
29,594
Median income
$67,364/yr
Median age
38.5 years
Owner-occupied
59.3%
College grads
22.2%
Avg commute
30.41 min
What is it like living in 06708?
Zip code 06708 is home to approximately 29,594 residents. The median household income is $67,364 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 59.3% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 22.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.41 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 06708.
Which public schools serve ZIP 06708?
8 schools tracked · 5,445 students
The largest public schools serving ZIP code 06708 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
John F. Kennedy High School
Grades 9-12 · 1,391 students
West Side Middle School
Grades 6-8 · 799 students
W. F. Kaynor Technical High School
Grades 9-12 · 785 students
B. W. Tinker School
Grades PK-5 · 578 students
ACES at Chase
Grades 6-8 · 567 students
Bunker Hill School
Grades PK-5 · 462 students
Carrington School
Grades PK-8 · 453 students
Duggan School
Grades PK-8 · 410 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 06708
What is the median home price in 06708?
The current median sale price in 06708 is $315,000, based on recent Redfin transaction data. Prices have changed +3.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 06708 a buyer's or seller's market?
The 06708 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 06708?
Zip code 06708 has a population of approximately 29,594 residents. The median household income is $67,364 per year. About 59.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 06708?
Properties Incorporated provides comprehensive data for 06708 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 06708 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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