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Advertise here →Watertown, SD · Houses & Market Data
Watertown, South Dakota houses and real estate market data.
Houses in Watertown, SD (Codington County) — Census median home value $212,300, county listing prices up about 3.5% over the past year. Market data for Watertown houses and the broader area.
Watertown, SD is in Codington County, South Dakota — this guide covers houses in Watertown and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 22,859, with a median household income of $62,721. Census data puts the median value of houses in Watertown at $212,300.
Market overview
Watertown housing market
Watertown is in Codington County, South Dakota. Manifest Census and county price-trend data provide baseline context for houses in Watertown and the surrounding county market.
Median home value (Census ACS)
$212,300
Population (Census ACS)
22,859
Median household income
$62,721
County price trend (2025)
3.47% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Watertown market snapshot
Population
22,859
Median Household Income
$62,721
Median Home Value (city)
$212,300
Median Gross Rent
$904/mo
Price Trend (YoY)
+3.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Watertown different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Watertown's median home value — across all owner-occupied homes, not just recent sales — at $212,300.
County Price Trend
Codington County's FHFA house price index shows a 3.47% annual change in 2025.
Population & Income
Watertown has an estimated population of 22,859 and a median household income of $62,721, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Watertown's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Watertown
USAHouses.com also helps visitors looking in nearby Codington County and other South Dakota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
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Common questions
Watertown FAQ
What are houses worth in Watertown, SD?
The Census Bureau's American Community Survey puts the median value of houses in Watertown at $212,300.
How much do houses cost in Watertown, SD?
For owner-occupied houses in Watertown, Census ACS data shows a median value of $212,300. Active listing prices in Codington County may differ — see the market snapshot above.
What types of houses are in Watertown, SD?
Watertown houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Codington County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Watertown, SD?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Watertown's population at approximately 22,859.
What's the median rent in Watertown, SD?
The Census ACS estimates median gross rent in Watertown at approximately $904 per month.
What is the median household income in Watertown, SD?
Census ACS data puts the median household income in Watertown at approximately $62,721.
Is the Watertown housing market growing?
Codington County's FHFA house price index shows a 3.47% annual change in 2025.
Is Watertown, SD affordable relative to income?
Census ACS data puts Watertown's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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