Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$234,096+6.0% YoY · prices are rising fast
Market right nowSeller's marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$50,747About 0.7× the local median income ($69,193): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Watertown-Fort Drum, NY is worth $234,096, up 6.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $226,962, so the area is 3.1% overvalued. It is a seller's market: homes take about 78 days to sell, listings are up 9% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $50,747 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,193. Typical rent is $1,496 a month, or $1,758 for a house. In the latest IRS figures, 1,328 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$234,096
Change in 1 year
+6.0%
Overvalued %
+3.1%
Show 7 more
Fair home value
$226,962
Change in 5 years
+31.1%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,269
Income needed to afford it
$50,747
Property tax rate
1.54%
Rent and investing
Typical rent
$1,496
Typical rent for houses
$1,758
Price-to-rent ratio
13.0×
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HUD Fair Market Rent, 2 bedrooms
$1,453
Gross rental yield
7.67%
Cap rate (estimate)
4.98%
Market activity
Listings vs a year ago
+9.0%
Days on market
78
Listings with a price cut
15.7%
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Homes for sale
458
Pending sales per 100 listings
49
Asking price per sq ft
$155
People and jobs
Median household income
$69,193
Population change (1 year)
−1.1%
Unemployment rate
5.9%
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Population
111,540
Income adjusted for cost of living
$78,897
Net moves in (IRS)
−1,328
Cost of living (US = 100)
87.7
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
64.0
Unhealthy air days a year
0
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Flood risk score
78.0
Wildfire risk score
28.0
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Watertown-Fort Drum, NY overvalued?
Home prices in Watertown-Fort Drum, NY are slightly above what local incomes have historically supported: fair value is about $226,962, so the area is 3.1% overvalued.
Is Watertown-Fort Drum, NY a buyer's or seller's market?
Watertown-Fort Drum, NY is a seller's market: homes take about 78 days to sell, listings are up 9% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Watertown-Fort Drum, NY?
Home values in Watertown-Fort Drum, NY are up 6.0% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Watertown-Fort Drum, NY?
A household needs about $50,747 a year to afford the typical home in Watertown-Fort Drum, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,193.