Watertown, CT 06779 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Watertown, CT—06779

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$341,000

1.4% YoY Growth

Household Income

$89,400

31.1% YoY Growth

Days on Market

58.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,900

N/A

1-Bed Rent

$1,620

N/A

2-Bed Rent

$1,500

N/A

3-Bed Rent

$2,400

N/A

Other Zip Codes in Watertown, CT

06795

Home Price Trends — Watertown, CT

As of May '26, the median home price in Watertown, CT is $341,000, with a year-over-year change of 1.4%. This indicates that home prices in Watertown, CT are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$341,000	1.4%
Single Family	$339,000	1.2%
Condos	$419,000	2.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.5%

1 Bedroom

39.7%

2 Bedrooms

17.9%

3 Bedrooms

38.0%

4 Bedrooms

2.9%

Property Listings — Watertown, CT

As of May '26, Realtor.com reports that the median days on market for a home in Watertown, CT is 21. This is a increase of 58.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	13.0%
Listing Count	10	-35.0%
Listings as % of Homes	0.6%	-35.0%
Days on Market	21	58.0%

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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%

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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%

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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%

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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

Watertown, CT—06779

Key Metrics at a Glance

Other Zip Codes in Watertown, CT

Home Price Trends — Watertown, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watertown, CT

% of Rental Stock

Property Listings — Watertown, CT

Demographics — Watertown, CT

Race and Ethnicity

Mortgage and Risk — Watertown, CT

Mortgages

Rentals and Section 8 — Watertown, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Watertown, CT

Home Price to Income Ratio

Watertown, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterbury, CT

Waterbury, CT

Waterbury, CT

Watertown, CT

Waterbury, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$341,000
Median Household Income	$89,400

Watertown, CT—06779

Key Metrics at a Glance

Other Zip Codes in Watertown, CT

Home Price Trends — Watertown, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watertown, CT

% of Rental Stock

Property Listings — Watertown, CT

Demographics — Watertown, CT

Race and Ethnicity

Mortgage and Risk — Watertown, CT

Mortgages

Rentals and Section 8 — Watertown, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Watertown, CT

Home Price to Income Ratio

Watertown, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Waterbury, CT

Waterbury, CT

Waterbury, CT

Watertown, CT

Waterbury, CT

Frequently Asked Questions

What is the average home price in Watertown, CT 06779?

How have home prices in Watertown, CT 06779 changed over the past year?

What is the home price projection for Watertown, CT 06779?

What are the demographics of Watertown, CT 06779?

How long does it take homes to sell in Watertown, CT 06779?

What is the average rent price in Watertown, CT 06779?