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Real Estate Prices & Overview

East Watertown median real estate price is $811,188, which is more expensive than 68.8% of the neighborhoods in Massachusetts and 86.6% of the neighborhoods in the U.S.

The average rental price in East Watertown is currently $4,185, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.2% of the neighborhoods in Massachusetts.

East Watertown is an urban neighborhood (based on population density) located in Watertown, Massachusetts.

East Watertown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the East Watertown neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in East Watertown are 5.1%, which is lower than one will find in 66.1% of American neighborhoods. Demand for real estate in East Watertown is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Watertown, the East Watertown neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The East Watertown neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 65.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.6% of America's neighborhoods.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the East Watertown neighborhood is a fantastic option for bicycle commuters, as 3.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.4% of the neighborhoods in America.

Diversity

Did you know that the East Watertown neighborhood has more Irish and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.0% of this neighborhood's residents have Irish ancestry and 1.7% have Armenian ancestry.

East Watertown is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the East Watertown neighborhood in Watertown are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.9% of the neighborhoods in America. With 26.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.0% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the East Watertown neighborhood, 62.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.4%), and 5.9% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the East Watertown neighborhood is English, spoken by 68.6% of households. Other important languages spoken here include Spanish and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the East Watertown neighborhood in Watertown, MA, residents most commonly identify their ethnicity or ancestry as Irish (29.0%). There are also a number of people of German ancestry (12.6%), and residents who report Italian roots (11.9%), and some of the residents are also of Asian ancestry (10.2%), along with some Polish ancestry residents (3.1%), among others. In addition, 22.5% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in East Watertown neighborhood spend between 15 and 30 minutes commuting one-way to work (39.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.0%) and 8.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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