Watertown, CT


Highest Appreciating Watertown Neighborhoods Since 2000

Watertown, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Watertown Housing Market Information

With a population of 21,911, 8,146 total housing units (homes and apartments), and a median house value of $268,880, Watertown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Watertown, accounting for 79.14% of the town's housing units. Other types of housing that are prevalent in Watertown include duplexes, homes converted to apartments or other small apartment buildings ( 10.71%), large apartment complexes or high rise apartments ( 7.37%), and a few row houses and other attached homes ( 2.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Watertown. Owner-occupied housing accounts for 81.85% of Watertown's homes, and 68.39% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Watertown's housing was primarily built during this period, from the '40s through the '60s. A full 38.68% of the town's housing hails from this era. Other housing ages represented in Watertown include homes built between 1970-1999 ( 36.77%) and housing constructed before 1939 ( 17.88%). There's also some housing in Watertown built between 2000 and later ( 6.67%).

Watertown Home Appreciation Rates

Homes have actually lost value in Watertown over the last then years, as home values have seen a decline of 26.96% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Watertown home appreciation rates at -3.59%, which equates to an annual appreciation rate of -13.62%.

Over the last year, Watertown appreciation rates have trailed the rest of the nation. In the last twelve months, Watertown's appreciation rate has been -3.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watertown were at -3.59%, which equates to an annual appreciation rate of -13.62%.

Notably, Watertown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Watertown's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values


Median Home Value:


Value Range
> $968,000 0.3
$726,001 - $968,000 0.0
$484,001 - $726,000 3.7
$387,001 - $484,000 7.6
$290,001 - $387,000 20.8
$194,001 - $290,000 36.8
$97,001 - $194,000 26.7
$48,001 - $97,000 1.9
$0 - $48,000 2.2

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
19.9285128325325 55.6213017751479

Number Of Homes And Apartments:

Watertown Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.24% 1.17% 4 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,197 / per month

Homeownership Rate

Owners 81.85
Renters 18.15
Vacant 7.80

Housing Market Details


Age of Homes

AGE OF Watertown HOMES
2000 or Newer 6.7
1970 - 1999 36.8
1940 - 1969 38.7
1939 or Older 17.9

Types of Homes

Single-Family 79.1
Townhomes 2.6
Small Apt. Buildings 10.7
Apt. Complexes 7.4
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 0.09
1 Bedroom 9.63
2 Bedrooms 18.98
3 Bedrooms 49.84
4 Bedrooms 18.55
5 or more bedrooms 2.91