Watertown, NY—13601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watertown, NY
As of Oct '25, the median home price in Watertown, NY is $194,000, with a year-over-year change of 0.1%. This indicates that home prices in Watertown, NY are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 0.1% |
| Single Family | $194,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | -9.1% |
2 Bed | $149,000 | -0.7% |
3 Bed | $193,000 | 0.0% |
4 Bed | $228,000 | 0.9% |
| 5 Bed | $270,000 | 0.0% |
% of Housing Stock
Rental Trends — Watertown, NY
As of July '25, Rentcast reports the average rent in Watertown, NY is $1,300, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Watertown, NY is studios: $1,180, 1-bedrooms: $987, 2-bedrooms: $1,160, 3-bedrooms: $1,580, 4-bedrooms: $2,040. The most common rental property sizes in Watertown, NY are 2-bedroom and 1-bedroom, accounting for 35.0% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,300 |
| Studio Rent | $1,000 | $1,180 |
| 1 Bed Rent | $850 | $987 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,450 | $1,580 |
| 4 Bed Rent | $2,200 | $2,040 |
% of Rental Stock
Property Listings — Watertown, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Watertown, NY is 59. 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 6.0% |
Listing Count | 180 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 59 | 1.0% |
Demographics — Watertown, NY
As of the latest ACS Survey released in 2023, Watertown, NY has a population of 37,400, which has remained stable by -0.6% over the past 5 years. Watertown, NY is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,400 | -0.6% |
% Under 18 | 23.6% | -0.8% |
% Seniors | 15.5% | 24.0% |
% WFH | 4.2% | 75.0% |
% w/ College Degree | 24.7% | 9.3% |
As of the latest ACS Survey released in 2023, Watertown, NY is a predominantly white area, with 82.1% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Watertown, NY is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.3% of the population in Watertown, NY, and this percentage has decreased by 6.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | 2.6% |
% Black | 4.6% | -36.1% |
% Hispanic | 6.0% | -15.5% |
% Asian | 2.3% | 4.5% |
% Foreign Born | 4.3% | -6.5% |
Mortgage and Risk — Watertown, NY
According to HUD data as of 2023, there were 734 mortgage originations in Watertown, NY, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Watertown, NY. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 734 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Watertown, NY
As of 2024, the percent of homes in Watertown, NY under the Section 8 program is 17.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Watertown, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,041 |
Total Units Section 8 | 1,399 |
% Rentals under Section 8 | 17.1% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $850 | $940 |
| 2 Bedroom | $130 | $1,100 | $1,230 |
| 3 Bedroom | $210 | $1,450 | $1,660 |
| 4 Bedroom | -$190 | $2,200 | $2,010 |
Affordability — Watertown, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $194,000 |
| Median Household Income | $57,500 |