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Watertown city, MN

ZIP 55388 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55388

Median Home Value
$333,100
Median Rent
$895
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,140/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55388 in Watertown city, MN, a household would need roughly $92,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,140. That is roughly in line with the local median household income ($92,273). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.1%+24% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
94.3%+8% vs US avg
x
4+ Bedrooms
8.3%-44% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
13.7%-73% vs US avg
x
Mortgage-Free
36.2%-5% vs US avg
x
$333,100
Home Value
$895
Rent
1992
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.2%
  • 1-unit attached7.8%
  • 2-9 units5.5%
  • 10+ units3.5%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$333,100
Median rent$895
Owner-occupied81.1%
Vacant4.2%
Price-to-income3.6x
Est. income to buy$92,000