WATERTOWN HOUSING MARKET INFORMATION With a population of 35,256, 16,210 total housing units (homes and apartments), and a median house value of $987,498, Watertown house prices are not only among the most expensive in Massachusetts, Watertown real estate also is some of the most expensive in all of America. Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Watertown, accounting for 41.10% of the city's housing units. Other types of housing that are prevalent in Watertown include large apartment complexes or high rise apartments ( 30.21%), single-family detached homes ( 18.33%), and a few row houses and other attached homes ( 10.35%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen. People in Watertown primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Watertown has a mixture of owner-occupied and renter-occupied housing. The housing in Watertown was primarily built before 1939 ( 45.63%), making the housing stock in Watertown some of the oldest overall in America, although there is a range of ages of homes in Watertown. The next most important housing age is between 1940-1969 ( 27.84%), followed by between 1970-1999 ( 14.03%). There's also some housing in Watertown built between 2000 and later ( 12.50%). WATERTOWN HOME APPRECIATION RATES Appreciation rates for homes in Watertown have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 93.45%, which ranks in the top 50% nationwide. This equates to an annual average Watertown house appreciation rate of 6.82%. 蘑菇视频's data show that during the latest twelve months, Watertown's appreciation rate, at 8.61%, has been at or slightly above the national average. In the latest quarter, Watertown's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%. Relative to Massachusetts, our data show that Watertown's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Watertown differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Watertown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Watertown real estate investment or home purchase decisions.