Wolcott was founded in 1796 and was originally named Farmingbury. It is primarily residential. Based on 2008 CERC data, there are 6,021 existing housing units in Town, of which 90% are single family homes and 6% with 5 or greater units.
According to the Town’s 2011 Plan of Conservation and Development, 56% of the Town’s land is undeveloped, followed by 33% residential, 4% land under water, 2% agricultural, 2% commercial, 1% industrial uses, and the remaining 2% recreational and utilities. Of the town’s 13,047 acres, 86% is zoned residential, 3% business and 7% industrial zoned.