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ZIP Code · MA

ZIP 02472

Pop. 35,620·Middlesex County·48th most expensive ZIP in Massachusetts
Median rent (all units)
$3,121/mo
Year-over-Year
+3.9%
Month-over-Month
+2.2%
vs US Median
+$1,156
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02472 · $3,121
More expensive than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,570
1 BR
$2,700
2 BR
$3,210
3 BR
$3,850
4 BR+
$4,250
Research median
$3,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$37,452/yr
At $3,121/mo median
Location
StateMA
CountyMiddlesex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.9% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 02472 (Watertown, MA) is roughly split between renters and owners, has a median income above the national average, 66.5% of residents hold a bachelor's degree or higher.

Population
35,620
Median income
$126,336
Median age
39.3
Renters
52.4%
Age distribution
14.2%
27.2%
26.8%
13.5%
18.3%
Under 1814.2%
18–3427.2%
35–5426.8%
55–6413.5%
65+18.3%
Gender
45.5%
54.5%
Male45.5%
Female54.5%
Race & ethnicity
71.3%
White71.3%
Black3.8%
Hispanic6%
Asian11.7%
Other7.2%
Education (25+)
13.7%
14.8%
66.5%
No HS diploma4.9%
HS diploma13.7%
Some college14.8%
Bachelor's+66.5%
Housing tenure
47.6%
52.4%
Owner47.6%
Renter52.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 02472 in Watertown, MA has changed in 5 years

Rent
$2,255 → $3,121
up 38.4%
Income
$101,354 → $126,336
up 24.6%
Population
35,229 → 35,620
up 1.1%
Renter share
50.6% → 52.4%
+1.8 pts
Bachelor's+
65.8% → 66.5%
+0.7 pts

Since 2021, the typical rent in ZIP 02472 in Watertown, MA has climbed from $2,255 to $3,121, a 38.4% change over five years. Household income in the area moved from $101,354 to $126,336 across the same window, up 24.6% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.1% since 2021, moving from about 35,229 residents to roughly 35,620. Renters now make up 52.4% of households, compared with 50.6% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 02472 in Watertown, MA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 02472

Last updated: July 20, 2026

ZIP code 02472 covers Watertown, MA. The median rent here is $3,121/mo as of July 2026. A 1-bedroom rents for a median of $2,700/mo. A 2-bedroom rents for a median of $3,210/mo.

At 30% of local median household income ($126,336/yr), ZIP 02472 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02472?

As of July 20, 2026, the median monthly rent in ZIP 02472 (Watertown, MA) is $3,121. This is based on aggregated data from public sources and community submissions.

How does ZIP 02472 rent compare to the US average?

ZIP 02472's median rent of $3,121/mo is $1,156 (59%) above the US national median of $1,965/mo.

How does ZIP 02472 compare to other ZIPs in Massachusetts?

ZIP 02472 is one of the pricier ZIP codes in Massachusetts, ranking #48 out of 168 ZIPs tracked at $3,121/mo.

How much income do you need to rent in ZIP 02472?

To keep rent at or below 30% of gross income, you would need to earn at least $125,000/year (~$60/hour full-time) to afford the median rent of $3,121/mo in ZIP 02472. The local median household income is $126,336/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02472?

Rent in ZIP 02472 has increased 3.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02472 an affordable place to rent?

ZIP 02472 is considered moderate for renters. At $3,121/mo, rent takes approximately 30% of the local median household income ($126,336/yr). The standard benchmark is 30%. ZIP 02472 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 02472 residents rent vs. own?

According to Census data, approximately 52.4% of ZIP 02472 households are renters, while 47.6% are owner-occupied. With a majority renter population, ZIP 02472 has a strong rental market.

How does ZIP 02472 compare to the rest of Watertown?

ZIP 02472 is more affordable than Watertown overall. At $3,121/mo, it's $3 below the Watertown citywide median of $3,124/mo.

When was rent data for ZIP 02472 last updated?

Rent data for ZIP 02472 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $3,121/mo, rent takes ~30% of ZIP 02472's median household income ($126,336/yr). The standard benchmark is 30%.

ZIP 02472 30%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02472 (Watertown, MA)

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