Rent to own Homes in Watertown Town, MA
Located just six miles northwest of downtown Boston, Watertown has a rich history of its own and a distinct regional flavor. The town is home to the Perkins School for the Blind and was the birthplace of the Stanley Steamer line of steam engine cars. Mount Auburn Cemetery is the site of second oldest public garden in the U.S., and the Watertown Arsenal, now home to a park, restaurants, and offices, retains much of the original landscaping planted pre-Civil War. The population of Watertown was 31,915 as of the 2010 census.
Watertown Town, MA is a great place for affordable rent-to-own homes! With a median household income of over $100,434 and a median rent of $1,876, the Watertown Town, MA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Watertown Town, MA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Watertown Town, MA Property Resources
Rent to own Homes in Cities Near Watertown Town, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- East Bridgewater
- East Weymouth
- Everett
- Georgetown
- Hanson
- Hingham
- Holbrook
- Hull
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Marblehead
- Medford
- Melrose
- Methuen Town
- Middleton
- Nahant
- North Reading
- North Scituate
- Peabody
- Reading
- Revere
- Saugus
- Somerville
- Southfield
- Stoneham
- Swampscott
- Tewksbury
- Topsfield
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Watertown Town, MA
Downtown Watertown rent to own homes Watertown West End rent to own homes East Watertown rent to own homes Downtown Watertown rent to own homesPopular Zip Codes in Watertown Town, MA
02472 rent to own homesBuying a Home in Watertown Town, MA
Watertown Town, MA is seeing rapid growth and Watertown Town, MA's' housing market remains not optimal with an average home price that is 175% above the 2024 national average. Watertown Town, MA is part of Middlesex county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Middlesex is 1.04% which is above the national average, which is 0.99%.
Median Home Price in Watertown Town, MA
Median Rent in Watertown Town, MA
Top 7 Reasons to Live in Watertown, MA
Steeped in history! Watertown was first established in 1630, making it one of the oldest settlements in the country. Visitors can tour some of the area's historic homes, such as the Browne House built in 1690, and the Edmund Fowle House, built in 1740.
Great transportation! The Massachusetts Bay Transit Authority operates several bus lines in Watertown, with multiple stops along Belmont, Arsenal, Main and Mt. Auburn Streets, and Concord Avenue. Although the rail line does not pass directly through the town, the Waverly station is just a few blocks beyond the north border.
Spend time outdoors! Arsenal Park encompasses 13 acres and includes an amphitheater and a bike path. Across town at Casey Park, visitors can enjoy one of the many ball courts and fields or the outdoor ice rink.
A variety of housing options! New residents in the market for rent to own detached houses should visit the West End and Bemis neighborhoods, as those areas have a higher percentage of stand-alone houses. Coolidge Square, East Watertown and Watertown Square have more duplexes, townhomes and apartments.
Great restaurants for everyone! Greg's Restaurant has been a Watertown staple since 1933, serving premium steaks and seafood alongside traditional Italian meals. Molana is a popular Persian grill, while La Casa de Pedro dishes up Venezuelan fare with a Spanish twist. For good old-fashioned coffee-shop food, head to Stellina's, which also serves beer and wine.
A great art community! Arsenal Center for the Arts operates out of the historic Watertown Arsenal built in 1816. The center offers classes and workshops in visual and performing arts, author readings, music performances and live productions by the New Repertory Theatre Company.
Increasing home values! Like much of the country, Watertown took a hit on property values during the late 2000s recession, but values have increased 7.2 percent from 2013 to 2014 and are forecasted to increase another 1 to 2 percent in the coming year. Homes in the area are now valued higher than they were at their previous peak in 2005, and the rate of upside-down homes with negative equity is a quarter of the national average.