Zip 55388 (Watertown, MN) Housing

The housing market in Watertown, MN (55388) is slightly below the national average. The median value of homes in the area is $355,100, which is about $20,000 less than the US median value for homes of $338,100. In the past year, house prices in Watertown have appreciated by 6.82%, which is slightly lower than the US average appreciation rate of 8.27%. Despite the slower rate of appreciation, it appears that home values are still increasing in this region and could potentially provide a safe long-term investment opportunity for those looking to buy into an already affordable market.

The median home cost in Watertown (zip 55388) is $355,100. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Watertown (zip 55388) is up 11.0%.

Average Age of Homes

- The median age of Watertown (zip 55388) real estate is 30 years old

The Rental Market in Watertown (zip 55388)

- Renters make up 16.3% of the Watertown (zip 55388) population
- 4.5% of houses and apartments in Watertown (zip 55388), 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, Minnesota	United States
	2,295.0	139,647,020.0
	40	42
	$355,100	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.89	$10.98
	$3,172	$2,690
	80.5%	57.4%
	7.1%	11.2%
	12.4%	31.4%
Vacant Housing
	4.5%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	2.4%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	1.7%	2.4%
	1.0%	2.8%
	2.7%	3.9%
	0.8%	4.5%
	6.3%	11.3%
	11.9%	13.0%
	37.6%	20.1%
	20.0%	13.6%
	6.1%	8.3%
	6.1%	9.7%
	1.2%	3.9%
	1.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.1%	13.6%
	22.1%	13.6%
	13.6%	13.6%
	12.9%	13.2%
	11.0%	14.8%
	13.6%	13.6%
	7.8%	10.0%
	1.9%	4.7%
	22.6%	12.2%

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