Watertown, WI—53098
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 $314,000, with a year-over-year change of 6.9%. This indicates that home prices in Watertown, WI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 6.9% |
| Single Family | $318,000 | 7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 7.5% |
3 Bed | $307,000 | 6.6% |
4 Bed | $378,000 | 6.2% |
| 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 $1,050, with a year-over-year rent change of 44.2%. Per bedroom, the median rent as of July '25 in Watertown, WI is 2-bedrooms: $1,050. The most common rental property sizes in Watertown, WI are 2-bedroom and 3-bedroom, accounting for 52.2% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $855 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $855 | $1,050 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 34. This is a decrease of -21.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | -6.0% |
Listing Count | 33 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 34 | -21.0% |
Demographics — Watertown, WI
As of the latest ACS Survey released in 2023, Watertown, WI has a population of 11,500, which has decreased by -2.3% over the past 5 years. Watertown, WI is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | -2.3% |
% Under 18 | 18.4% | -12.0% |
% Seniors | 22.7% | 18.2% |
% WFH | 6.8% | 151.9% |
% w/ College Degree | 17.4% | 6.1% |
As of the latest ACS Survey released in 2023, Watertown, WI is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Watertown, WI is hispanic, making up 10.9% of the population. Foreign-born residents account for 3.6% of the population in Watertown, WI, and this percentage has increased by 56.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.2% | -1.0% |
% Black | 0.2% | -93.1% |
% Hispanic | 10.9% | 94.6% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 3.6% | 56.5% |
Mortgage and Risk — Watertown, WI
According to HUD data as of 2023, there were 236 mortgage originations in Watertown, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Watertown, WI. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 236 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
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 | 106 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | $365 | $855 | $1,220 |
| 3 Bedroom | N/A | N/A | $1,660 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Watertown, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $314,000 |
| Median Household Income | $73,100 |