Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Watertown city, Minnesota?
City · Census ACS 5-Year estimates
The median gross rent in Watertown city, Minnesota is $927/month (±$203), based on Census ACS 5-Year estimates (2024). The median home value is $337,200 (±$20,126), and the median household income is $99,671/year. The unemployment rate in Carver County, Minnesota was 3.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Watertown city, Minnesota
| Metric | Value |
|---|---|
| Median Gross Rent | $927 |
| Median Home Value | $337,200 |
| Median Household Income | $99,671 |
| Total Housing Units | 1,741 |
| Renter-Occupied Units | 298 |
| Renter-Occupied Share | 17% |
| Households Paying 50%+ Income | 33 households |
| Unemployment Rate(April 2026) | 3.4% |
How does Watertown city, Minnesota compare?
Median gross rent ranked against all cities in Minnesota.
Higher rent than 56% of cities in Minnesota · 313th of 704
| # | City | Value |
|---|---|---|
| 1 | Minnetrista city | $3,501 |
| 1 | North Oaks city | $3,501 |
| 3 | Independence city | $3,469 |
| … 309 more … | ||
| 313 | Watertown city(you are here) | $927 |
| … 388 more … | ||
| 702 | White Earth CDP | $300 |
| 703 | Big Lake CDP | $99 |
| 703 | Sanborn city | $99 |
More data for Watertown city, Minnesota
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Frequently asked questions
What is the average rent in Watertown city, Minnesota?
The median gross rent in Watertown city, Minnesota is $927/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Watertown city, Minnesota?
The median rent for a 2-bedroom in Watertown city, Minnesota is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Watertown city, Minnesota?
The median home value in Watertown city, Minnesota is $337,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Watertown city are rent-burdened?
In Watertown city, Minnesota, 33 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Watertown city, Minnesota?
The median household income in Watertown city, Minnesota is $99,671/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $927 has a margin of error of ±$203. In very small areas, MOEs can be large relative to the estimate.
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