All Countries
Watertown, SD
Full City Profile · South Dakota · Codington County County
3.2
/5.0
B
Good
22,859
Population
1,240/sq mi density
$62,721
Median Income
$37,225 per capita
$212,300
Home Value
$300,678 Zillow
$904
Median Rent
24.7% income on rent
43°F
Avg Temperature
276 sunny days/yr
301
Violent Crime/100K
1,651 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$62,721 median income, 1.3% unemployment
A+
Affordability
4.8 / 5.0
$212,300 home value, $904/mo rent
F
Safety
1.0 / 5.0
301 violent crimes/100K
C+
Education
2.7 / 5.0
21.2% bachelor's degree or higher
Housing Overview
Median Home Value
$212,300
25% below
US avg: $281,900
Median Rent
$904/mo
22% below
US avg: $1,163/mo
Homeownership Rate
62.7%
4% below US avg (65.4%)
Total Housing Units
10,836
Median year built: 1982
Home Value by Source
Census Median
$212,300
Zillow (ZHVI)
$300,678
Median Sale Price
$275,000
Median List Price
$285,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.7%
Owner-Occupied
37.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent:
$904/mo
· Zillow rent:
$825/mo
Market Indicators (Redfin)
Median Days on Market
88 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
27
Price Drops
11.6%
of listings with price reduction
Price Per Sq Ft
$126
Active Inventory
69
homes for sale
Affordability & Housing Stock
Rent Burden
24.7%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1982
Average age of housing stock: 44 years
Homeownership Rate
62.7%
Complete Housing Data
Home Values
| Census Median Value | $212,300 |
| Zillow Home Value (ZHVI) | $300,678 |
| Median Sale Price | $275,000 |
| Median List Price | $285,000 |
| Price Per Sq Ft | $126 |
Rent
| Census Median Rent | $904 |
| Zillow Rent (ZORI) | $825 |
| FMR Studio | $691 |
| FMR 1-Bedroom | $784 |
| FMR 2-Bedroom | $990 |
| FMR 3-Bedroom | $1,295 |
| FMR 4-Bedroom | $1,540 |
Market
| Days on Market | 88 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 11.6% |
| Homes Sold | 27 |
| Active Inventory | 69 |
| Price Per Sq Ft | $126 |
Ownership & Stock
| Owner-Occupied | 62.7% |
| Renter-Occupied | 37.3% |
| Homeownership Rate | 62.7% |
| Total Housing Units | 10,836 |
| Median Year Built | 1982 |
| Rent Burden | 24.7% |