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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 $260,185, higher than the Ohio average of $236,816.
The average cost of rent is $860/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. In Watertown, 13.27% of households rent, and 50.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $7,988 per month. Households that rent pay about 10.77% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waterford, OH: less expensive homes
- Fleming, OH: less expensive homes
- Pinehurst, OH: less expensive homes
- Layman, OH: equally priced homes
- Beverly, OH: less expensive homes
- Vincent, OH: less expensive homes
- Dale, OH: less expensive homes
- Lowell, OH: less expensive homes
- Devola, OH: less expensive homes
- Coal Run, OH: less expensive homes
Cities with Similar Populations
- Guysie, GA: less expensive homes
- Gateway, AR: equally priced homes
- Girard, GA: less expensive homes
- Glendale, MS: higher priced homes
- Glennie, MI: less expensive homes
- Glidden, WI: less expensive homes
- Gordonville, TX: higher priced homes
- Goshen, NH: equally priced homes
- Greasewood, AZ: less expensive homes
- Garfield, WA: equally priced homes
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