The story of this market
The typical home in ZIP 02472 sells for about $875,000, or $515 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,092 a month.
ZIP 02472 — Watertown
The Watertown housing market in 02472 remains resilient with a median sale price of $875,000, driven by high demand and limited inventory. While some metrics like months of supply are not currently published, the steady appreciation and active redevelopment suggest a stable market environment. Buyers continue to be attracted by the area's strategic location and ongoing infrastructure improvements.
This ZIP is ideal for young professionals and families seeking proximity to Boston and Cambridge without the premium price tags of those cities, while also attracting investors interested in the area's ongoing redevelopment.
Median prices moved up 1.0% year over year.
Homes spend a median of 23 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 8.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02472, Middlesex County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Watertown Public Schools district, which generally maintains a solid reputation within the Greater Boston educational landscape.
The area faces relatively high risks from natural hazards including ice storms, cold waves, hurricanes, and inland flooding, with high radon potential.
Watertown is experiencing significant redevelopment, particularly along the Arsenal Street corridor, with major life sciences and mixed-use projects transforming former industrial sites.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents benefit from proximity to Boston and Cambridge, with access via the MBTA bus network and major routes like the Mass Pike (I-90) and Route 20.
The area features extensive green space along the Charles River, including the Charles River Greenway, and is close to major shopping hubs like Arsenal Yards.
The rental market is highly competitive due to the area's proximity to major universities and biotech hubs, with consistent demand and rising rent trajectories.
The local economy is anchored by the life sciences, biotechnology, and education sectors, benefiting from its strategic location between Boston and Cambridge.
The area is well-connected via MBTA bus routes and proximity to the Mass Pike, though it lacks direct heavy rail access.
Significant focus remains on the redevelopment of the Arsenal Street corridor into a hub for life sciences and high-density residential housing.
Parcels are subject to standard municipal property taxes and Watertown Public Schools district levies.
Property insurance premiums are influenced by regional hazard exposure, including flood and wind risks associated with the coastal New England climate.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Boston Tea Party Ships & Museum4.66.9 mi
- Kimball Farm Westford4.619 mi
- F1 Arcade Boston4.57.2 mi
- Museum of Illusions Boston4.56.7 mi
- Boda Borg Boston4.77.2 mi
- Fenway Park4.84.6 mi
- TD Garden4.66.2 mi
- Gillette Stadium4.619.4 mi
- Thomas M. Menino Convention & Exhibition Center4.57.1 mi
- Topgolf Boston - Canton3.911.9 mi
- Fenway Park4.84.6 mi
- Boston Common4.76.1 mi
- Museum of Fine Arts, Boston4.84.9 mi
- New England Aquarium4.46.9 mi
- Harvard Square4.63.4 mi
- Museum of Fine Arts, Boston4.84.9 mi
- Boston Public Library4.85.5 mi
- Isabella Stewart Gardner Museum4.74.7 mi
- Museum of Science4.75.8 mi
- Boston Tea Party Ships & Museum4.66.9 mi
- Boston Common4.76.1 mi
- Franklin Park Zoo4.46.4 mi
- Public Garden4.85.9 mi
- Charles River Esplanade4.85.4 mi
- Arnold Arboretum of Harvard University4.85.2 mi
- Community Boating, Inc.4.65.7 mi
- MIT Sailing Pavilion4.95 mi
- Atlantic Wharf4.66.8 mi
- Constitution Marina4.66.4 mi
- Charlestown Marina4.86.9 mi
- Topgolf Boston - Canton3.911.9 mi
- Granite Links Golf Club4.610.9 mi
- Robert T. Lynch Municipal Golf Course3.94 mi
- George Wright4.57.2 mi
- Newton Commonwealth Golf Course41.6 mi
- Encore Boston Harbor4.36.2 mi
- Burlington Mall4.48.2 mi
- Natick Mall4.511.1 mi
- Prudential Center Boston4.55.3 mi
- Quincy Market4.56.6 mi
- Boston Logan International Airport4.18.9 mi
- Park Shuttle & Fly4.58.8 mi
- The Lounge3.48.6 mi
- DaCoopas Pizza4.18.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major mixed-use development featuring retail, dining, and entertainment.
A scenic path along the Charles River popular for walking, running, and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.