Watertown, MA 02472 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Watertown, MA—02472

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$813,000

2.5% YoY Growth

Household Income

$123,000

26.6% YoY Growth

Days on Market

42.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$3,060

3.6% YoY Growth

1-Bed Rent

$2,850

0.7% YoY Growth

2-Bed Rent

$2,900

4.7% YoY Growth

3-Bed Rent

$3,600

1.1% YoY Growth

Home Price Trends — Watertown, MA

As of Dec '25, the median home price in Watertown, MA is $813,000, with a year-over-year change of 2.5%. This indicates that home prices in Watertown, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$813,000	2.5%
Single Family	$948,000	3.2%
Condos	$653,000	1.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Watertown, MA

As of July '25, Rentcast reports the average rent in Watertown, MA is $3,220, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Watertown, MA is studios: $2,390, 1-bedrooms: $2,850, 2-bedrooms: $3,070, 3-bedrooms: $3,840, 4-bedrooms: $4,330. The most common rental property sizes in Watertown, MA are 2-bedroom and 1-bedroom, accounting for 46.9% and 24.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,060	$3,220
Studio Rent	$2,470	$2,390
1 Bed Rent	$2,850	$2,850
2 Bed Rent	$2,900	$3,070
3 Bed Rent	$3,600	$3,840
4 Bed Rent	$4,100	$4,330

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% of Rental Stock

Studio

6.8%

1 Bedroom

24.6%

2 Bedrooms

46.9%

3 Bedrooms

18.8%

4 Bedrooms

2.1%

5+ Bedrooms

0.8%

Property Listings — Watertown, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Watertown, MA is 44. This is a increase of 71.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$707,000	-31.0%
Listing Count	31	17.0%
Listings as % of Homes	0.1%	17.0%
Days on Market	57	42.0%

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Demographics — Watertown, MA

As of the latest ACS Survey released in 2023, Watertown, MA has a population of 35,300, which has remained stable by -0.2% over the past 5 years. Watertown, MA is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 67.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	35,300	-0.2%
% Under 18	14.8%	-4.5%
% Seniors	17.9%	13.3%
% WFH	26.6%	366.7%
% w/ College Degree	67.1%	4.5%

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As of the latest ACS Survey released in 2023, Watertown, MA is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Watertown, MA is asian, making up 12.0% of the population. Foreign-born residents account for 26.5% of the population in Watertown, MA, and this percentage has increased by 25.0% 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	69.7%	-9.6%
% Black	4.2%	110.0%
% Hispanic	6.4%	-33.3%
% Asian	12.0%	34.8%
% Foreign Born	26.5%	25.0%

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Mortgage and Risk — Watertown, MA

According to HUD data as of 2023, there were 377 mortgage originations in Watertown, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Watertown, MA. Investor activity is low, as 4.0% 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	377
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Watertown, MA

As of 2024, the percent of homes in Watertown, MA under the Section 8 program is 5.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Watertown, MA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	489
Total Units Section 8	488
% Rentals under Section 8	5.9%
% Occupied Section 8	95.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$2,850	$2,540
2 Bedroom	$110	$2,900	$3,010
3 Bedroom	$30	$3,600	$3,630
4 Bedroom	-$110	$4,100	$3,990

Watertown, MA—02472

Key Metrics at a Glance

Home Price Trends — Watertown, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watertown, MA

% of Rental Stock

Property Listings — Watertown, MA

Demographics — Watertown, MA

Race and Ethnicity

Mortgage and Risk — Watertown, MA

Mortgages

Rentals and Section 8 — Watertown, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Watertown, MA

Home Price to Income Ratio

Watertown, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Newton, MA

Belmont, MA

Brighton, Boston, MA

Newton, MA

Cambridge, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$813,000
Median Household Income	$123,000

Watertown, MA—02472

Key Metrics at a Glance

Home Price Trends — Watertown, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watertown, MA

% of Rental Stock

Property Listings — Watertown, MA

Demographics — Watertown, MA

Race and Ethnicity

Mortgage and Risk — Watertown, MA

Mortgages

Rentals and Section 8 — Watertown, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Watertown, MA

Home Price to Income Ratio

Watertown, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Newton, MA

Belmont, MA

Brighton, Boston, MA

Newton, MA

Cambridge, MA

Frequently Asked Questions

What is the average home price in Watertown, MA 02472?

How have home prices in Watertown, MA 02472 changed over the past year?

What is the home price projection for Watertown, MA 02472?

What are the demographics of Watertown, MA 02472?

How long does it take homes to sell in Watertown, MA 02472?

What is the average rent price in Watertown, MA 02472?