Watertown, CT—06795
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 $422,000, 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 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $422,000 | 6.0% |
| Single Family | $441,000 | 5.8% |
| Condos | $310,000 | 9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 10.5% |
2 Bed | $315,000 | 7.9% |
3 Bed | $409,000 | 6.0% |
4 Bed | $547,000 | 6.2% |
| 5 Bed | $586,000 | 6.5% |
% of Housing Stock
Rental Trends — Watertown, CT
Watertown, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,580 |
| 2 Bed Rent | $2,500 | $2,400 |
| 3 Bed Rent | $2,800 | $2,700 |
| 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 43. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | 14.0% |
Listing Count | 61 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 43 | 1.0% |
Demographics — Watertown, CT
As of the latest ACS Survey released in 2023, Watertown, CT has a population of 14,400, which has increased by 6.6% over the past 5 years. Watertown, CT is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 40.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | 6.6% |
% Under 18 | 17.7% | -5.9% |
% Seniors | 24.0% | 28.3% |
% WFH | 14.8% | 111.4% |
% w/ College Degree | 40.2% | -1.7% |
As of the latest ACS Survey released in 2023, Watertown, CT is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 14.1% in the last 5 years. The second most common race or ethnicity in Watertown, CT is hispanic, making up 10.0% of the population. Foreign-born residents account for 10.8% of the population in Watertown, CT, and this percentage has increased by 1.9% 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 | 79.6% | -14.1% |
% Black | 1.2% | 71.4% |
% Hispanic | 10.0% | 163.2% |
% Asian | 5.0% | 92.3% |
% Foreign Born | 10.8% | 1.9% |
Mortgage and Risk — Watertown, CT
According to HUD data as of 2023, there were 283 mortgage originations in Watertown, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Watertown, CT. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 283 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
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 | 12 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,350 | $1,150 |
| 2 Bedroom | -$1,080 | $2,500 | $1,420 |
| 3 Bedroom | -$1,020 | $2,800 | $1,780 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Watertown, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $422,000 |
| Median Household Income | $103,000 |