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Watertown

Learn about the people, housing, costs and businesses in Watertown, New York

Median Home$150,143
Median Rent$974/month
Population24,375
Leading IndustriesProfessional Services · Public Administration · Education3% professional services
Home Value Growth+9.2% over 2 years
Young Adults34% of residentswell above average
Renters59% of occupied units
NotableAmenity Score87/100 · highly walkable area
NotableVeteran Community12% of residents · top 6% nationally
Watertown
NY

Frequently Asked Questions

What are today's mortgage rates in Watertown?

As of today, the 30-year fixed mortgage rate for Watertown is approximately 6.991% (7.042% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Watertown?

The median home value in Watertown is $150k. The median monthly rent is $974. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Watertown?

Home values in Watertown have increased 9.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Watertown?

Based on a typical all-in ownership cost of $1,016/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Watertown is $56k/year.

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What industries drive the economy in Watertown?

The largest employment sectors in Watertown are public administration (28%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.