Why Waterbury Ct a good city to buy investment property.

Dated: March 10 2023

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Waterbury, CT is a city located in New Haven County, Connecticut about 1-1/2 hour driving time from New York City, with a population of around 109,000 people. The city has a diverse economy with various industries, including manufacturing, healthcare, and education. It is also home to several major employers, including St. Mary's Hospital, Waterbury Hospital, and Webster Bank.

The real estate market in Waterbury, CT is generally affordable compared to nearby cities, which may make it a good option for investors looking to buy property. According to Zillow, the median home value in Waterbury is around $212,000, which is lower than the national median home value of $346,000 at the beginning of 2023. Additionally, the city has a relatively high rental demand, with a rental vacancy rate of around 5.5% as of 2021.

It's important to note, however, that investing in real estate is not without risk, and there are many factors to consider before making a decision. It's always a good idea to conduct thorough research, consult with real estate professionals, and weigh the potential risks and rewards before investing in any property. Call us at WEICHERT Realtors Briotti Group 203-754-5171 to see what your option are.

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Stephen Briotti

PROFESSIONAL As head of WEICHERT Realtors-Briotti Group, with over 35 agents and two local offices, one at 246 Wolcott Road Wolcott, CT and one at 750 Watertown Avenue, Waterbury, CT, Steve invites bo....

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