Watertown, CT—06779
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Watertown, CT
Home Price Trends — Watertown, CT
As of Oct '25, the median home price in Watertown, CT is $329,000, with a year-over-year change of 6.0%. This indicates that home prices in Watertown, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 6.0% |
| Single Family | $327,000 | 5.1% |
| Condos | $413,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 5.9% |
3 Bed | $333,000 | 4.7% |
4 Bed | $358,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Watertown, CT
Watertown, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $1,620 | $1,610 |
| 2 Bed Rent | $1,500 | $1,650 |
| 3 Bed Rent | $2,400 | $2,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Watertown, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Watertown, CT is 47. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -2.0% |
Listing Count | 26 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 47 | 28.0% |
Demographics — Watertown, CT
As of the latest ACS Survey released in 2023, Watertown, CT has a population of 7,760, which has decreased by -5.9% over the past 5 years. Watertown, CT is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,760 | -5.9% |
% Under 18 | 16.5% | -16.2% |
% Seniors | 20.4% | 18.6% |
% WFH | 5.4% | 116.0% |
% w/ College Degree | 31.5% | 36.4% |
As of the latest ACS Survey released in 2023, Watertown, CT is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Watertown, CT is hispanic, making up 13.4% of the population. Foreign-born residents account for 11.2% of the population in Watertown, CT, and this percentage has increased by 17.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.2% | -9.4% |
% Black | 4.7% | 20.5% |
% Hispanic | 13.4% | 185.1% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 11.2% | 17.9% |
Mortgage and Risk — Watertown, CT
According to HUD data as of 2023, there were 183 mortgage originations in Watertown, CT, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Watertown, CT. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Watertown, CT
Watertown, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 96 |
Total Units Section 8 | 96 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 97.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,620 | $1,330 |
| 2 Bedroom | $140 | $1,500 | $1,640 |
| 3 Bedroom | -$350 | $2,400 | $2,050 |
| 4 Bedroom | N/A | N/A | $2,340 |
Affordability — Watertown, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $329,000 |
| Median Household Income | $89,400 |