A typical Watertown home is worth about $424,000
Up 3.2% in a year, 27% above the Tennessee typical home.
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Watertown?
Read from the numbers below. The page puts what stands out first.
A typical home costs 6.2 years of income
More than across Tennessee (4.8 years). Try your own numbers below.
That’s $139K short of a typical Watertown home.
A two-bedroom rents for about $1,320 a month here, $1,040 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Watertown’s typical property tax (0.38% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Up 30.3% in five years
Faster than Tennessee (24.8%).
Show as a table
| January | Watertown | Tennessee |
|---|---|---|
| 2017 | $202,000 | $174,000 |
| 2018 | $222,000 | $187,000 |
| 2019 | $236,000 | $198,000 |
| 2020 | $260,000 | $215,000 |
| 2021 | $288,000 | $238,000 |
| 2022 | $351,000 | $287,000 |
| 2023 | $381,000 | $313,000 |
| 2024 | $395,000 | $326,000 |
| 2025 | $407,000 | $334,000 |
| 2026 | $423,000 | $333,000 |
| August 2026 | $424,000 | $334,000 |
A typical Watertown home worth $191K in September 2016 is worth about $424K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $1,320
Renters already here pay a median of $1,036, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2020
No permits for new homes were issued in Watertown in 2020. The last year with any was 2019 (2 new homes).
Between the 2010 and 2020 censuses, Watertown gained 76 residents while 22 new homes were permitted: about 3.5 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 2 | 0 | $325,000 |
| 2018 | 4 | 4 | 0 | $728,000 |
| 2017 | 1 | 1 | 0 | $143,000 |
| 2016 | 3 | 3 | 0 | $429,000 |
| 2015 | 3 | 3 | 0 | $244,000 |
| 2014 | 2 | 2 | 0 | $149,000 |
| 2013 | 5 | 5 | 0 | $372,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $240,000 |
| 2009 | 3 | 3 | 0 | $310,000 |
| 2008 | 1 | 1 | 0 | $80,000 |
| 2007 | 5 | 5 | 0 | $270,000 |
| 2006 | 5 | 5 | 0 | $405,000 |
| 2005 | 5 | 5 | 0 | $422,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 5 | 5 | 0 | $297,000 |
| 2002 | 5 | 5 | 0 | $325,000 |
| 2001 | 7 | 7 | 0 | $286,000 |
| 2000 | 8 | 8 | 0 | $469,000 |
Watertown's permit office didn't report to the Census in 2020, so the 2020 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
74% of Watertown households own their home
Half of Watertown’s homes were built before 1971.
Tennessee: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What Watertown buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.