How much do homeowners pay a month in Watertown, MA?

Name: Homeowner costs in Watertown, MA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Watertown, MA pay a median of $3,204 (±$122) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $1,087 (±$41).

66.8% of owned homes carry a mortgage.

Figures last updated on November 12, 2026.

With a mortgage: $3,204 (±$122)
Without a mortgage: $1,087 (±$41)
Owned with a mortgage: 66.8%

Monthly owner costs in Watertown

Median selected monthly owner costs, estimate (90% margin of error)
	Watertown	Middlesex County	Massachusetts	United States
With a mortgage	$3,204 (±$122)	$3,224 (±$20)	$2,726 (±$10)	$1,963
Without a mortgage	$1,087 (±$41)	$1,211 (±$14)	$1,043 (±$6)	$638
Owned homes with a mortgage	66.8% (±3.3 points)	66.0% (±0.6 points)	66.4% (±0.3 points)	60.6%
Median real estate taxes (a year)	$6,799 (±$326)	$7,501 (±$59)	$5,992 (±$18)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Watertown, the median cost with a mortgage is not measurably different from Middlesex County ($3,224).

It is also higher than in Massachusetts ($2,726).

It is higher than the national figure ($1,963).

In Middlesex County, Watertown ranks 29 of 54 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 76 of 350.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Median monthly cost with a mortgage in places near Watertown

Nearest places with a published estimate, compared with Watertown
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Watertown	—	$3,204 (±$122)	—
Belmont (community)	1.8 mi	$4,000 or more	—
Belmont	1.8 mi	$4,000 or more	—
Newton	3.0 mi	$4,000 or more	—
Cambridge	3.1 mi	$3,505 (±$161)	Higher
Arlington (community)	3.5 mi	$3,831 (±$141)	Higher
Arlington	3.5 mi	$3,831 (±$141)	Higher
Waltham	3.5 mi	$3,076 (±$120)	Not measurably different
Brookline (community)	3.6 mi	$4,000 or more	—

Nearby places with a measurably higher figure: Cambridge, MA ($3,505), Arlington (community), MA ($3,831), Arlington, MA ($3,831).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Middlesex County, place by place

Rank	Place	Median monthly cost with a mortgage
23	Reading	$3,408 (±$109)
24	Burlington	$3,348 (±$150)
25	North Reading	$3,324 (±$175)
26	Holliston	$3,291 (±$92)
27	Dunstable	$3,269 (±$160)
28	Melrose	$3,213 (±$104)
29	Watertown	$3,204 (±$122)
30	Wakefield	$3,178 (±$114)
31	Littleton	$3,096 (±$277)
32	Stoneham	$3,090 (±$122)
33	Waltham	$3,076 (±$120)
34	Medford	$3,036 (±$130)
35	Ashland	$3,010 (±$104)

Showing 13 of 54 places in Middlesex County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Watertown

What is the average mortgage payment in Watertown?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Watertown, MA is $3,204 (±$122) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Watertown?

Owners without a mortgage in Watertown pay a median of $1,087 (±$41) a month in taxes, insurance, utilities and fees.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Watertown city, Massachusetts (place:73405, in state:25).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.