Watertown, NY home prices
Typical home $234,096 · +6.0% in a year · income needed $71,900
The Watertown, NY metro area ranks 506 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.0% in a year and +31.1% over five years. With 20% down at 7.11%, the typical home costs about $1,677 a month including 1.54% property tax (Jefferson County rate).
Mortgage on the typical Watertown home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $46,819 | $187,277 | $1,260 | $0 | $418 | $1,677 | $71,900 |
| 10% down | $23,410 | $210,686 | $1,417 | $88 | $418 | $1,923 | $82,400 |
| 5% down | $11,705 | $222,391 | $1,496 | $93 | $418 | $2,006 | $86,000 |
| 3.5% down (FHA) | $8,193 | $229,856 | $1,546 | $104 | $418 | $2,067 | $88,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Watertown area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson County, NY | $234,099 | +6.0% | 1.54% |
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Frequently asked questions
How much is a house in Watertown?
The typical home in the Watertown, NY metro area is worth $234,096 (Zillow, September 2026).
What salary do you need to buy a house in Watertown?
About $71,900 a year for the typical home with 20% down at 7.11%.