Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,842 people, 1,748 houses or apartments, and a median cost of homes of $353,193, Watertown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Watertown, accounting for 77.39% of the city's housing units. Other types of housing that are prevalent in Watertown include large apartment complexes or high rise apartments ( 8.42%), row houses and other attached homes ( 7.93%), and a few mobile homes or trailers ( 4.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Watertown. Owner-occupied housing accounts for 81.84% of Watertown's homes, and 73.59% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Watertown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Watertown built between 2000 and later ( 32.61%). A lesser amount of the housing stock also hails from before 1939 ( 19.40%). There's also some housing in Watertown built between 1940-1969 ( 13.21%).
Real estate appreciation rates in Watertown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.81% during the period.
Over the last year, Watertown appreciation rates have trailed the rest of the nation. In the last twelve months, Watertown's appreciation rate has been 0.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Watertown were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Watertown's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.
$353,193
for Minnesota
for nation
1,748
$1,241 / per month