[okbymeman]

Originally Posted by BPt111

Waterbury have biggest increase in home values in the state and fastest rent price increase.


Walnut-Orange-Walsh — along with 14 other neighborhoods in Waterbury — were the top performers in the state this year in terms of percentage increase in home value, according to a Hearst Connecticut Media analysis of Zillow data.

Waterbury’s Walnut-Orange-Walsh, a gritty section of the state’s fourth-poorest city, came in at No. 1 on the list, with a 153.4 percent leap in home valuation from 2020 to February of this year. A typical home in the neighborhood, valued at $58,038 in 2020, is now worth $147,066.

It’s changed,” said Belinda Weaver, who has lived in the neighborhood since 1968 and serves on the Waterbury Board of Alderman. “A lot of people have moved out, and other people have moved in.” Despite the newcomers, she adds, “there hasn’t been a big turnaround in my section.”

“The rents have tripled and the demand by investors have gone up,” said Levi Yudkin, a Waterbury real estate agent who has sold 90 homes in the city in the last year. “Ten years ago, you would drive down the street somewhere and you’d see boarded-up houses. You don’t see that anymore.”

Although the hot market is great for sellers and investors, tenants and longtime homeowners across Waterbury are suffering as both rents and taxes skyrocket to new highs in the modern era.

https://www.ctinsider.com/business/a...s-19409626.php

There is a site called “The Waterbury” that outlines all of the revitalization efforts they supposedly have planned. https://www.thewaterbury.com/

I am skeptical of most of them but hope for the best. It is my understanding that Waterbury is a very corrupt city that is basically Mafia-owned.

[Stylo]

I’m not surprised about Waterbury. It was SO cheap that it had to move big time with the housing shortage. It’s less an endorsement for the city and more reflective of the housing market as a whole.

[notghinsaw]

Looking at some real estate sites waterbury got taxes raised by 40% so it makes sense to buy more expensive house in better area as it will be a wash.

[Stylo]

Originally Posted by notghinsaw

Looking at some real estate sites waterbury got taxes raised by 40% so it makes sense to buy more expensive house in better area as it will be a wash.

I'm sure it's still cheaper in Waterbury even with the tax increase. But you get what you pay for.

[JayCT]

Originally Posted by notghinsaw

Looking at some real estate sites waterbury got taxes raised by 40% so it makes sense to buy more expensive house in better area as it will be a wash.

What? I don’t think taxes in Waterbury have been raised 40% or anything close to that. Why do you think that?

[SteveM85]

Originally Posted by BPt111

Waterbury’s Walnut-Orange-Walsh, a gritty section of the state’s fourth-poorest city

Who's poorer? Hartford and New London maybe? I can't see NH and Bridgeprt poorer, they have some expensive neighborhoods

[Stylo]

Originally Posted by SteveM85

Who's poorer? Hartford and New London maybe? I can't see NH and Bridgeprt poorer, they have some expensive neighborhoods

Depends on the measure. Bridgeport and New Haven have high poverty rates but higher income than Waterbury.

[synchem]

Cheshire just approved their budget for this year. Housing was just reassessed last year, so with home assessments up the mill rate dropped 7 points to 27.xx. All in all about a high 4% increase over last year for property tax bills.

[okbymeman]

Originally Posted by SteveM85

Who's poorer? Hartford and New London maybe? I can't see NH and Bridgeprt poorer, they have some expensive neighborhoods

Per capita, Bridgeport and Hartford are poorer than Waterbury, as are New Britain, New London and Windham.

[CTartist]

Originally Posted by okbymeman

Per capita, Bridgeport and Hartford are poorer than Waterbury, as are New Britain, New London and Windham.

I think you might have picked up the wrong information. The state of CT is now using "Planning Regions" instead of "Bridgeport, Fairfield County". I could not find information and then realized there is a new system. I am from Trumbull and my town and area was seemingly kicked out of Fairfield County lol.

The cities you mentioned are all really close in income but Hartford is definitely the poorest in the state.
https://www.census.gov/quickfacts/fa...icut/PST045223