Watertown, WI—53094
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Watertown, WI
Home Price Trends — Watertown, WI
As of Oct '25, the median home price in Watertown, WI is $303,000, with a year-over-year change of 5.1%. This indicates that home prices in Watertown, WI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 5.1% |
| Single Family | $314,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 3.8% |
3 Bed | $305,000 | 4.8% |
4 Bed | $370,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Watertown, WI
As of July '25, Rentcast reports the average rent in Watertown, WI is $1,090, with a year-over-year rent change of 27.8%. Per bedroom, the median rent as of July '25 in Watertown, WI is studios: $750, 1-bedrooms: $884, 2-bedrooms: $1,120, 3-bedrooms: $1,200, 4-bedrooms: $2,750. The most common rental property sizes in Watertown, WI are 2-bedroom and 1-bedroom, accounting for 43.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,090 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $750 | $884 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | $2,750 | $2,750 |
% of Rental Stock
Property Listings — Watertown, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Watertown, WI is 46. This is a increase of 61.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $391,000 | 18.0% |
Listing Count | 59 | 53.0% |
| Listings as % of Homes | 0.3% | 53.0% |
Days on Market | 46 | 61.0% |
Demographics — Watertown, WI
As of the latest ACS Survey released in 2023, Watertown, WI has a population of 18,200, which has decreased by -5.0% over the past 5 years. Watertown, WI is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | -5.0% |
% Under 18 | 22.7% | 0.0% |
% Seniors | 17.3% | 8.8% |
% WFH | 6.4% | 113.3% |
% w/ College Degree | 22.2% | 7.8% |
As of the latest ACS Survey released in 2023, Watertown, WI is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Watertown, WI is hispanic, making up 8.6% of the population. Foreign-born residents account for 2.4% of the population in Watertown, WI, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.3% | -2.9% |
% Black | 0.4% | -42.9% |
% Hispanic | 8.6% | 26.5% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 2.4% | -40.0% |
Mortgage and Risk — Watertown, WI
According to HUD data as of 2023, there were 342 mortgage originations in Watertown, WI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Watertown, WI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 342 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Watertown, WI
Watertown, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 391 |
Total Units Section 8 | 313 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $750 | $870 |
| 2 Bedroom | $20 | $1,100 | $1,120 |
| 3 Bedroom | $280 | $1,200 | $1,480 |
| 4 Bedroom | -$1,270 | $2,750 | $1,480 |
Affordability — Watertown, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $303,000 |
| Median Household Income | $72,000 |