Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Watertown area can be challenging. Home prices in Watertown are now at a median cost of $266,286, lower than the Minnesota average of $269,934.
The average cost of rent is $1,255/mo in Watertown, primarily driven by the current value of real estate in the Watertown area. While nearly 31.27% of residents own their homes outright in Watertown, 11.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Watertown is $8,563 per month. Households that rent pay about 14.65% of their income on rent here. Watertown's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mayer, MN: higher priced homes
- Delano, MN: higher priced homes
- St. Bonifacius, MN: higher priced homes
- Minnetrista, MN: higher priced homes
- New Germany, MN: equally priced homes
- Montrose, MN: equally priced homes
- Waconia, MN: higher priced homes
- Independence, MN: higher priced homes
- Mound, MN: higher priced homes
- Maple Plain, MN: higher priced homes
Cities with Similar Populations
- Rio Bravo, TX: less expensive homes
- Forsyth, MO: less expensive homes
- Fort Eustis, VA: less expensive homes
- Fort Huachuca, AZ: less expensive homes
- Fort Mc Coy, FL: less expensive homes
- Fort Plain, NY: less expensive homes
- Foster, RI: higher priced homes
- Fountain Hill, PA: less expensive homes
- Fox Chapel, PA: higher priced homes
- Frankfort, OH: less expensive homes
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