Watertown, SD Real Estate

According to census data in the year 2000 there were 9,196 housing units in Watertown. This represents a 20.5% growth from 7,631 in 1990.

Of those housing units, 8,876 were located in either urbanized areas or urban clusters, and 320 were located in what is classified as a rural area.

Homeownership rate in Watertown is about 66.1%. Watertown's vacancy rate, including seasonal lodging, is about 8.8%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Watertown were built after 1971.


Housing Size

Housing Units by Size
Studio Type2.50%
One Bedroom13.10%
Two Bedrooms30.70%
Three Bedrooms32.30%
Four Bedrooms17.80%
Five Bedrooms or more3.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1971
Median Value of occupied units$84,600
Median Price asked for vacant units$57,000

Rented Homes, Apartments and Condos

Average Household Size1.8
Median year structure was built1972
Median Monthly Rent asked for vacant units$331

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage8.70%
Home Equity Loan10.70%
Simple Mortgage46.20%
Debt Free33.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%