Investor-grade market analytics for Watertown, South Dakota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$343,952
+4.2% year-over-year
3.9%
gross annual
+4.2%
base case (Zillow ZHVF)
+4.2% year-over-year
18/100
Very LowNet migration: Top 49% nationally
In-migrants avg $54,305 AGI vs out-migrants $51,780
Watertown, SD shows steady growth at 4.2% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 5.29x, above the national average of 4.8x. Modest net positive migration (+3 returns/year) provides steady demand support. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 3.9% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
Watertown, SD's primary climate exposure is tornadoes (38/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.