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These days, finding an affordable place to live in the Watertown Town area can be challenging. Home prices in Watertown Town are now at a median cost of $779,063, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,543/mo in Watertown Town, primarily driven by the current value of real estate in the Watertown Town area. In Watertown Town, 52.27% of households rent, and 31.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watertown Town is $10,987 per month. Households that rent pay about 23.15% of their income on rent here. Watertown Town’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Watertown, MA: higher priced homes
- Belmont, MA: higher priced homes
- Newtonville, MA: higher priced homes
- Newton, MA: higher priced homes
- Brighton, MA: less expensive homes
- Allston, MA: less expensive homes
- Waltham, MA: equally priced homes
- Arlington, MA: higher priced homes
- Newton Center, MA: higher priced homes
- Chestnut Hill, MA: higher priced homes
Cities with Similar Populations
- Sylvania, OH: less expensive homes
- West Hills, CA: higher priced homes
- Fairhope, AL: less expensive homes
- Farmers Branch, TX: less expensive homes
- University Place, WA: less expensive homes
- University City, MO: less expensive homes
- Glendale Heights, IL: less expensive homes
- Golden Glades, FL: less expensive homes
- Torrington, CT: less expensive homes
- Greenfield, IN: less expensive homes
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