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Watertown

CityThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.South Dakota
$550K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Housing Stock

HomesHow many homes we have records for in this area.10,066
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$550K
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1978
Single familyThe share of homes here that are single-family houses.87%
CondosThe share of homes here that are condos.1.0%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.94%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0.9%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.83%
Company ownedThe share of homes owned by a company or trust instead of a person.12%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.21%
Typical ownership tenureHow long the typical owner here has held their home.16.0 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.121
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.94
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.22

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.5%
PopulationHow many people live in this area.23,652
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,305 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$68K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$83K
Average tempThe average temperature here across a full year.43°F
Annual precipHow much rain and melted snow falls here in a typical year.23 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

How Watertown compares

By median home value, Watertown is the 3rd most expensive of 4 cities in Codington County, and its typical home is worth more than 47% of all homes in Codington County.

Home values in Watertown

Share of homes at each estimated value.

Median
$186K$996K
cities in Codington County ranked by median home value
#Codington CountyMedian valueHomes
1Florence$723K356
2Henry$711K261
3Watertown$550K10,066
4South Shore$186K203

About the Watertown market

How many homes are there in Watertown, SD?

Watertown, SD contains 10,066 residential properties, with built around 1978. The median TopHap Estimate is $550K.

How does Watertown, SD compare to the rest of Codington County?

By median home value, Watertown, SD is the 3rd most expensive of 4 cities in Codington County. Its typical home is worth more than 47% of all homes in Codington County. Henry ranks just above it and South Shore just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Watertown, SD?

83% of homes in Watertown, SD are owner-occupied. 12% are held by a company rather than an individual.

How much equity do owners in Watertown, SD hold?

94% of mortgaged homes in Watertown, SD are equity-rich, meaning the loan balance is under half the home's value. 0.9% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Watertown on the map

See every recorded sale, price heat map, school zone and flood overlay across Watertown in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map