02472, Watertown, MA

Watertown, MA is located in Suffolk County and has a population of approximately 38,000. The 2472 zip code covers a total area of 2.2 square miles and has a median household income of $87,890. Home prices in the 2472 zip code have increased by an average of 9% over the past five years. In addition, the percentage of homes that are owner-occupied has increased from 66% to 71%.

The majority of home buyers in the 2472 zip code are purchasing homes for investment purposes. This is likely due to the high home values and stable economy in Watertown. Additionally, many families are moving to Watertown from larger cities because of its excellent schools and low cost of living. As a result, there is strong demand for housing in the 2472 zip code.

There are several factors that could cause home prices to decrease in the 2472 zip code. For example, if there were a recession or another economic downturn, fewer people would be able to afford homes and this would lead to decreased demand and lower home values. Another potential factor that could lead to decreased home values is if new development were to occur near or within the 2472 zip code without adequate infrastructure being put in place (e.g., schools, shopping areas).