Watertown, SD is a great place to live with its strong housing market. The median value of homes in Watertown is currently $254,200 which is substantially lower than the national median of $338,100. Despite having lower home values, Watertown's 1 year house appreciation rate is even higher than the national average at 14.45%. This shows that Watertown's housing market is doing better than the rest of the country and offers more value for potential buyers.
The median home cost in Watertown is $254,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Watertown is up 17.2%.
Average Age of Homes
- The median age of Watertown real estate is 41 years old
The Rental Market in Watertown
- Renters make up 33.3% of the Watertown population
- 2.1% of houses and apartments in Watertown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.