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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 $170,108, lower than the New York average of $610,895.
The average cost of rent is $1,001/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. In Watertown, 53.64% of households rent, and 40.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $5,374 per month. Households that rent pay about 18.62% of their income on rent here. Watertown’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glen Park, NY: higher priced homes
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- East Rodman, NY: higher priced homes
- Fort Drum, NY: equally priced homes
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Cities with Similar Populations
- Anniston, AL: equally priced homes
- Willingboro, NJ: higher priced homes
- West Falls Church, VA: higher priced homes
- West Chicago, IL: higher priced homes
- Warsaw, IN: higher priced homes
- Union City, GA: higher priced homes
- Tifton, GA: equally priced homes
- Texarkana, AR: less expensive homes
- Studio City, CA: higher priced homes
- Coram, NY: higher priced homes
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