Zip 57201 (Watertown, SD) Housing

The housing market in 57201 Watertown, SD is strong. The median value for a house in this area is $251,000, which is significantly lower than the US median of $338,100. However, this area has experienced a 14.45% appreciation rate over the past year compared to the US average of 8.27%. This makes it an attractive option for those looking to buy a home, as they can expect solid returns on their investment over time.

The median home cost in Watertown (zip 57201) is $251,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Watertown (zip 57201) is up 17.2%.

Average Age of Homes

- The median age of Watertown (zip 57201) real estate is 41 years old

The Rental Market in Watertown (zip 57201)

- Renters make up 30.5% of the Watertown (zip 57201) population
- 1.9% of houses and apartments in Watertown (zip 57201), 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
	12,029.0	139,647,020.0
	42	42
	$251,000	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$11.14	$10.98
	$2,107	$2,690
	59.7%	57.4%
	8.5%	11.2%
	31.7%	31.4%
Vacant Housing
	1.9%	1.9%
	0.6%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	2.4%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	1.4%	2.4%
	2.6%	2.8%
	4.0%	3.9%
	4.7%	4.5%
	15.0%	11.3%
	21.0%	13.0%
	26.0%	20.1%
	10.8%	13.6%
	4.1%	8.3%
	4.6%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	14.1%	13.6%
	14.1%	13.6%
	14.4%	13.6%
	9.1%	13.2%
	18.3%	14.8%
	14.4%	13.6%
	8.1%	10.0%
	4.5%	4.7%
	15.1%	12.2%

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