Rent to own Homes in Watertown, WI
Watertown, WI is a city divided. The city straddles the border between Jefferson county and Dodge county, with part of the town residing in each. Around twice as many of the town's inhabitants live in Jefferson county compared with the number who live in Dodge county. Watertown started life as just a single home to a man named Timothy Johnson, but quickly grew as the area was settled to utilize the benefits of Rock River.
Watertown, WI is a great place for affordable rent-to-own homes! With a median household income of over $52,440 and a median rent of $888, the Watertown, WI 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, WI. 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.
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Rent to own Homes in Cities Near Watertown, WI
- Ashippun
- Big Bend
- Brookfield
- Brown Deer
- Browns Lake
- Burlington
- Butler
- Chenequa
- Delafield
- Dousman
- Eagle
- Eagle Lake
- East Troy
- Elm Grove
- Franklin
- Franksville
- Germantown
- Glendale
- Hales Corners
- Hartford
- Jackson
- Kansasville
- Lac La Belle
- Menomonee Falls
- Mequon
- Mukwonago
- Muskego
- Nashotah
- New Berlin
- North Lake
- Oconomowoc
- Okauchee
- Pewaukee
- Potter Lake
- Raymond
- River Hills
- Rochester
- Rubicon
- Slinger
- Sullivan
- Sussex
- Tichigan
- Wales
- Waterford
- Waukesha
- Waukesha Village
- Wauwatosa
- West Milwaukee
- Wind Lake
- Yorksville
Neighborhoods in Watertown, WI
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No zip codes foundBuying a Home in Watertown, WI
Watertown, WI is seeing rapid growth and Watertown, WI's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Watertown, WI is part of Jefferson 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 Jefferson is 1.7% which is above the national average, which is 0.99%.
Median Home Price in Watertown, WI
Median Rent in Watertown, WI
Top Three Reasons To Live In Watertown, WI
Location, location, location! Watertown is in a prime spot, located less than 50 miles away from both Milwaukee and Madison - close enough to enjoy the countless amenities the cities have to offer, but far enough to be free of the downsides of big city life. It's also on the doorstep of Lake Michigan, benefiting from the amazing lifestyle offered by lakeside living; kayaking, fishing, boating, sailing, it's all on offer when you live in Watertown.
It's a great time to buy! While Watertown is a growth area, and home values have risen 5.1 percent in the year to September 2014, at the present time they are still 7 percent lower than the US median home value, making Watertown a great area to invest in. Whether you're looking to buy, rent, or rent to own, with an 8.6 percent vacancy rate, you're bound to find a place you love. Whether it be a townhouse in the middle of downtown, walking distance from your favorite cheese soup special at Amado's Restaurant, or a rural home in the Oconomowoc neighborhood, Watertown has just the home for you!
It's a great place to rent! With the median rental rate being more than 15 percent below the national average, Watertown is a very affordable place to live. One of the most affordable and most interesting areas is E Main St/S 1st St, an urban neighborhood made up mostly of historic small to medium sized homes and small apartment buildings. This area has great character, with a large proportion of the homes here being Colonial or Victorian style period properties. This area has a 12 percent vacancy rate, well above the area's average, meaning there are always plenty of homes available here. Or perhaps you'll prefer the vibe in the S 10th St/Franklin St neighborhood, a suburban area populated by small to medium homes, apartment blocks and high rises, mostly built between 1970 and 1999. With a vacancy rate of 5.5 percent, homes are slightly harder to come by in this area, but by no means impossible.