Watertown, SD Real Estate
According to census data in the year 2000 there were 9,196 housing units in Watertown.
This represents a 20.5% growth from 7,631 in 1990.
Of those housing units, 8,876 were located in either urbanized areas or urban clusters, and 320 were located in what is classified as a rural area.
Homeownership rate in Watertown is about 66.1%.
Watertown's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Watertown were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 13.10% |
| Two Bedrooms | 30.70% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 17.80% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $84,600 |
| Median Price asked for vacant units | $57,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.8 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $331 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 46.20% |
| Debt Free | 33.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
