Watertown housing market
Typical home value
$369K
▲ 5.3% 1 yr
Typical rent
$1,315/mo
▲ 6.7% 1 yr
12-month forecast
+5.1%
#15 of 546 metros
Gross rent yield
4.3%
#485 of 546 · U.S. 6.3%
Days to pending
30 days
1 yr
Listings with a price cut
21%
▲ +7.4 pts 1 yr
Key takeaways
- 1The typical home is worth $369,348, up 5.3% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 5.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,315/mo (+6.7% YoY), a 4.3% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,030/mo in principal and interest, $715 more than renting.
- 5Homes go under contract in 30 days; 21% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 51/100, #129 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Watertown compares
| Measure | Watertown | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +5.3% | +1.2% | #58 |
| Home value, 5-yr change | +31.5% | +19.7% | |
| 12-month forecast | +5.1% | +1.1% | #15 |
| Rent, 1-yr change | +6.7% | +2.7% | #58 |
| Gross rent yield | 4.3% | 6.3% | #485 |
| Price-to-rent ratio | 23.4 | 15.8 | |
| Mortgage P&I on typical home | $2,030 | $2,012 | |
| Days to pending | 30 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Watertown rental ($369K, $1,315/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Watertown home.
Rent vs buy
Is it cheaper to rent or buy in Watertown?
Other Wisconsin metros
Milwaukee, WI
$384K home$1,549 rent4.8% yield
▲ 5.3% 1 yr
Madison, WI
$446K home$1,780 rent4.8% yield
▲ 3.1% 1 yr
Green Bay, WI
$346K home$1,119 rent3.9% yield
▲ 5.4% 1 yr
Appleton, WI
$349K home$1,197 rent4.1% yield
▲ 5.2% 1 yr
Racine, WI
$315K home$1,460 rent5.6% yield
▲ 5.8% 1 yr
Oshkosh, WI
$304K home$1,278 rent5.0% yield
▲ 4.6% 1 yr
Eau Claire, WI
$322K home$1,147 rent4.3% yield
▲ 3.1% 1 yr
Wausau, WI
$271K home$960 rent4.3% yield
▲ 8.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.