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These days, finding an affordable place to live in the Watertown area can be challenging. Home prices in Watertown are now at a median cost of $367,529, lower than the Connecticut average of $418,901.
The average cost of rent is $1,380/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. In Watertown, 10.33% of households rent, and 39.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $10,470 per month. Households that rent pay about 13.18% of their income on rent here. Watertown’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakville, CT: less expensive homes
- Minortown, CT: higher priced homes
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- Bethlehem, CT: higher priced homes
- Middlebury, CT: higher priced homes
- Thomaston, CT: less expensive homes
- Plymouth, CT: equally priced homes
- Waterbury, CT: less expensive homes
- Woodbury, CT: higher priced homes
- Morris, CT: equally priced homes
Cities with Similar Populations
- Claiborne, LA: less expensive homes
- Walden, NY: equally priced homes
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- Waddell, AZ: higher priced homes
- Waconia, MN: higher priced homes
- Wabash, IN: less expensive homes
- Villas, FL: less expensive homes
- Villanova, PA: higher priced homes
- Vienna, WV: less expensive homes
- Vermillion, SD: less expensive homes
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