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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Watertown, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Watertown, WI Housing Market Trends

With 22,784 people, 3,098 houses or apartments, and a median cost of homes of $267,711, Watertown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Watertown, accounting for 63.56% of the city's housing units. Other types of housing that are prevalent in Watertown include large apartment complexes or high rise apartments ( 20.79%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few row houses and other attached homes ( 7.43%).

The most prevalent building size and type in Watertown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.24% owning and 40.76% renting.

There is a lot of housing in Watertown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Watertown built between 2000 and later ( 19.07%). A lesser amount of the housing stock also hails from before 1939 ( 18.52%). There's also some housing in Watertown built between 1940-1969 ( 17.64%).

Watertown Home Appreciation Rates

Real estate appreciation rates in Watertown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Watertown's appreciation rate, at 6.71%, has been at or slightly above the national average. In the latest quarter, Watertown's appreciation rate has been 1.16%, which annualizes to a rate of 4.73%.

Relative to Wisconsin, our data show that Watertown's latest annual appreciation rate is lower than 60% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Watertown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Watertown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Watertown real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$267,711

Watertown, WI Home Prices
> $1,387,000
$1,041,001 - $1,387,000
$694,001 - $1,041,000
$555,001 - $694,000
$416,001 - $555,000
$277,001 - $416,000
$139,001 - $277,000
$69,001 - $139,000
$0 - $69,000
0.9%
0.9%
0.0%
0.0%
2.5%
2.5%
1.2%
1.2%
7.8%
7.8%
32.9%
32.9%
49.6%
49.6%
3.2%
3.2%
1.8%
1.8%
0% 100.0%
% of Homes
Low

for Wisconsin

Average

for nation

Number of Homes And Apartments:

3,098

Watertown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,576 / per month

Homeownership Rate

Owners
Renters
59.2%
59.2%
40.8%
40.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.1%
19.1%
44.8%
44.8%
17.6%
17.6%
18.5%
18.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.6%
63.6%
7.4%
7.4%
8.2%
8.2%
20.8%
20.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
6.7%
6.7%
34.1%
34.1%
40.3%
40.3%
13.8%
13.8%
2.5%
2.5%
0% 100.0%
% of Homes