A water heater is provided that can suppress backflow (entry) of drainage water into a fan from downstream of the fan in a path of a flow of combustion gas. The fan includes a fan case, an impeller housed within the fan case, a drive source attached to the fan case so as to drive the impeller, and a rotation shaft connecting the impeller and the drive source. An exhaust connection portion has a connection portion case and is provided with an exhaust port for emitting combustion gas delivered from the fan to outside of the water heater. The exhaust connection portion also has a drainage water discharge portion for discharging drainage water accumulated downstream of the fan in the path of the flow of combustion gas.