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Watertown, MA Real Estate Trends

Watertown, Massachusetts is an attractive suburb just six miles from Boston on the northwest side. This suburb has all the charm of a small town, while maintaining easy access to the larger city via highway or light rail. The famed New England landscape puts its best foot forward with gorgeous tree-lined streets and a cozy corner of the Charles River. The town is relatively small – only four square miles – but holds a lot of character in its real estate choices. If you are planning a move to the area or are simply curious about Watertown homes for sale, the long history and diversity of this region provides ample opportunity for exploration.

Watertown is the ideal place to raise a family. It has consistently well-rated public schools, over a dozen city parks, and lots of family-friendly entertainment. The river is a popular hangout, particularly along the Charles River Walkway, where visitors can stroll along the route and observe the plant and animal life. The residents of this city boast a wealth of cultural diversity, which can be experienced through local cuisine and regular holiday festivals.

Demographics

Whether searching for Watertown apartments for rent or looking for more information about Watertown homes for sale, the demographics of the city can help newcomers get a feel for the area. The population as of the 2010 Federal Census was 31,915. The average household size is 2.17 individuals and ages are distributed evenly through most groups. According to the same census, 14.1 percent were under the age of 18 and the median age was 37 years. Watertown represents a wide range of cultural heritage, including Irish and Italian. Watertown is also home to the third-largest Armenian community in the United States and supports multiple Armenian newspapers. This influence can be seen in some of the Watertown real estate.

The Watertown Real Estate Market

There is availability in many of the Watertown apartments for rent and the median price is around $2100 per month. Most are quite modern and offer easy access to public transportation. Watertown homes for sale have seen steady growth from 2013 to 2014. The average price per square foot in 2014 was $330. The average listing price for a home is $471,712. This includes a combination of new constructions, resale, and varying stages of the foreclosure process. The combination of a low crime rate, easy access to Boston, and curb appeal make investing in Watertown real estate a smart move.
 

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