Watertown Metro Area, SD Housing

The housing market in the Watertown, SD Metro Area is on the rise. The median value of homes in the area is currently $256,100 which is much lower than the US House Median Value of $338,100. However, the area has seen a higher house appreciation rate over the past year with an incredible 14.45% compared to the US 1 year House Appreciation rate of 8.27%. This means that homeowners enjoy increased equity in their homes and solid growth in home value over time.

The median home cost in Watertown Metro Area is $256,100. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Watertown Metro Area is up 17.2%.

Average Age of Homes

- The median age of Watertown Metro Area real estate is 41 years old

The Rental Market in Watertown Metro Area

- Renters make up 29.1% of the Watertown Metro Area population
- 1.5% of houses and apartments in Watertown Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Watertown, South Dakota	United States
	15,911.0	139,647,020.0
	43	42
	$256,100	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$11.25	$10.98
	$2,015	$2,690
	60.9%	57.4%
	11.7%	11.2%
	27.4%	31.4%
Vacant Housing
	1.5%	1.9%
	0.5%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	4.9%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	2.2%	2.4%
	3.5%	2.8%
	5.3%	3.9%
	5.7%	4.5%
	15.9%	11.3%
	19.2%	13.0%
	24.5%	20.1%
	10.2%	13.6%
	4.3%	8.3%
	4.1%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	13.3%	13.6%
	8.7%	13.2%
	17.0%	14.8%
	13.3%	13.6%
	7.8%	10.0%
	5.3%	4.7%
	18.3%	12.2%

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