Home Price Key
Affordable
Average
Expensive
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 $792,063, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,380/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. While nearly 32.72% of residents own their homes outright in Watertown, 50.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $12,050 per month. Households that rent pay about 19.75% of their income on rent here. Watertown's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Watertown Town, MA: less expensive homes
- Belmont, MA: higher priced homes
- Brighton, MA: less expensive homes
- Allston, MA: less expensive homes
- Cambridge, MA: higher priced homes
- Arlington, MA: less expensive homes
- Newtonville, MA: higher priced homes
- Newton, MA: higher priced homes
- Somerville, MA: equally priced homes
- Brookline, MA: higher priced homes
Cities with Similar Populations
- Saxtons River, VT: less expensive homes
- Greenwich, NJ: less expensive homes
- Greshamville, GA: less expensive homes
- Hardy, KY: less expensive homes
- Hartsel, CO: less expensive homes
- Hecker, IL: less expensive homes
- Heron Lake, MN: less expensive homes
- Homeland, GA: less expensive homes
- Honey Lake, WI: less expensive homes
- Hot Sulphur Springs, CO: less expensive homes
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