Home Price Key
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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 $132,256, lower than the Michigan average of $196,062.
The average cost of rent is $754/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. While nearly 50.23% of residents own their homes outright in Watertown, 13.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $4,458 per month. Households that rent pay about 16.91% of their income on rent here. Watertown's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Peck, MI: less expensive homes
- Sandusky, MI: less expensive homes
- Elmer, MI: equally priced homes
- Applegate, MI: equally priced homes
- Melvin, MI: equally priced homes
- McGregor, MI: less expensive homes
- Carsonville, MI: less expensive homes
- Croswell, MI: equally priced homes
- Valley Center, MI: equally priced homes
- Brown City, MI: equally priced homes
Cities with Similar Populations
- Mayfield, UT: higher priced homes
- Scotland, FL: higher priced homes
- Schultz, MI: higher priced homes
- Schulter, OK: less expensive homes
- Saylors Crossroads, SC: less expensive homes
- Meeteetse, WY: higher priced homes
- McVay, AL: less expensive homes
- McNabb, IL: higher priced homes
- McMahan, TX: higher priced homes
- Adams, OR: higher priced homes
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