Watkins, MN 55389 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Watkins, MN—55389

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$302,000

3.0% YoY Growth

Household Income

$92,100

46.3% YoY Growth

Days on Market

100

8.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,020

51.9% YoY Growth

1-Bed Rent

$1,020

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Watkins, MN

Watkins, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$302,000	3.0%
Single Family	$302,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Watkins, MN

As of July '25, Rentcast reports the average rent in Watkins, MN is $1,020, with a year-over-year rent change of -51.9%. Per bedroom, the median rent as of July '25 in Watkins, MN is 1-bedrooms: $1,020. The most common rental property sizes in Watkins, MN are 1-bedroom and 2-bedroom, accounting for 45.8% and 20.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,020	$1,020
Studio Rent	N/A	N/A
1 Bed Rent	$1,020	$1,020
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.4%

1 Bedroom

45.8%

2 Bedrooms

20.1%

3 Bedrooms

19.4%

4 Bedrooms

7.6%

5+ Bedrooms

5.6%

Property Listings — Watkins, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Watkins, MN is 63. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$304,000	-10.0%
Listing Count	12	42.0%
Listings as % of Homes	0.2%	42.0%
Days on Market	100	-8.0%

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Demographics — Watkins, MN

As of the latest ACS Survey released in 2023, Watkins, MN has a population of 2,510, which has decreased by -1.6% over the past 5 years. Watkins, MN is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,510	-1.6%
% Under 18	27.4%	9.2%
% Seniors	15.1%	-19.7%
% WFH	10.6%	103.8%
% w/ College Degree	11.7%	2.6%

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As of the latest ACS Survey released in 2023, Watkins, MN is a predominantly white area, with 95.4% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Watkins, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.4% of the population in Watkins, MN, and this percentage has decreased by 81.8% 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	95.4%	1.7%
% Black	0.0%	-100.0%
% Hispanic	2.4%	-45.5%
% Asian	0.0%	-100.0%
% Foreign Born	0.4%	-81.8%

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Mortgage and Risk — Watkins, MN

According to HUD data as of 2023, there were 93 mortgage originations in Watkins, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Watkins, MN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	93
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	3.0%
% Second Loans	10.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Watkins, MN

Watkins, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	37
Total Units Section 8	37
% Rentals under Section 8	25.7%
% Occupied Section 8	80.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$200	$1,020	$820
2 Bedroom	N/A	N/A	$1,040
3 Bedroom	N/A	N/A	$1,380
4 Bedroom	N/A	N/A	$1,640

Watkins, MN—55389

Key Metrics at a Glance

Home Price Trends — Watkins, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watkins, MN

% of Rental Stock

Property Listings — Watkins, MN

Demographics — Watkins, MN

Race and Ethnicity

Mortgage and Risk — Watkins, MN

Mortgages

Rentals and Section 8 — Watkins, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Watkins, MN

Home Price to Income Ratio

Watkins, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kimball, MN

Eden Valley, MN

Cold Spring, MN

Richmond, MN

Rockville

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$302,000
Median Household Income	$92,100

Watkins, MN—55389

Key Metrics at a Glance

Home Price Trends — Watkins, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watkins, MN

% of Rental Stock

Property Listings — Watkins, MN

Demographics — Watkins, MN

Race and Ethnicity

Mortgage and Risk — Watkins, MN

Mortgages

Rentals and Section 8 — Watkins, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Watkins, MN

Home Price to Income Ratio

Watkins, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kimball, MN

Eden Valley, MN

Cold Spring, MN

Richmond, MN

Rockville

Frequently Asked Questions

What is the average home price in Watkins, MN 55389?

How have home prices in Watkins, MN 55389 changed over the past year?

What is the home price projection for Watkins, MN 55389?

What are the demographics of Watkins, MN 55389?

How long does it take homes to sell in Watkins, MN 55389?

What is the average rent price in Watkins, MN 55389?