October's First-Time Homebuyer Report for Watertown

Watertown is a small city in Massachusetts with a median income of $72,856 per household. Besides being affluent, its population is much older than others with a median age of 38 years. The Watertown market mostly consists of condos and townhouses, accounting for 36% of the current homes in the area. Leading the list of top schools in the city are James Russell Lowell and Watertown Middle School.

Price Range

Homes in Watertown are generally more expensive than others in the state with a median home value of $350,200 and an average list price of $640,197.

Make sure you take a look at these eye-catching homes in Watertown that generated the most views from potential buyers:

$629K   $549K   $369K  

Typical Dwelling

A two-bedroom condo valued around $417,427 is considered a typical dwelling in Watertown. If a buyer was looking for a similar home, they would need good credit and a $83,485 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,140 and the property tax rate is $11.70 per $1,000 of taxable assessed value.

Get started right now by checking out Watertown homes for sale or reviewing Watertown real estate trends.


Data reported through 10/13/2016

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