Watkins, MN—55389
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $304,000 | 3.3% |
| Single Family | $305,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $323,000 | 1.9% |
4 Bed | $405,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Watkins, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Watkins, MN is 52. This is a increase of 3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | 0.0% |
Listing Count | 10 | 18.0% |
| Listings as % of Homes | 0.2% | 18.0% |
Days on Market | 52 | 3.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Watkins, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $304,000 |
| Median Household Income | $92,100 |