Home values, rents and more in Watertown, SD
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Watertown in ProMap- Under $390k
- $390k–$450k
- $450k–$480k
- $480k+
- No data
How Watertown compares
The typical home in Watertown, SD is worth about $311,000, according to the Zillow Home Value Index for September 2026. Home values in Watertown are 7% below the typical value in the Watertown metro area ($336,000) and 15% below the U.S. typical value ($366,000).
Over the past year, home values in Watertown rose 4.6%, compared with +4.2% in the Watertown metro area and +1.2% nationally.
Typical rent is $1,196 a month (Zillow Observed Rent Index), about the same as the Watertown metro area ($1,196) and 38% below the U.S. ($1,932).
The median household income is $69,600, against $72,727 in the Watertown metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 23,044 people live in Watertown (American Community Survey 2020–24).
Watertown has the lowest typical home value of the 4 cities in the Watertown metro area and the 59th-highest of 129 in South Dakota with Zillow figures.
Part of: Codington County, SD · Watertown metro area · South Dakota
More for Watertown in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Watertown, SD
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.