Watertown

Population: 4,747
Median household income: $93,008
Median home value: $315,200

Watertown is a community in Carver County, Minnesota, home to 4,747 residents. The median household income of $93,008 is below the Carver County median ($123,144).

Between 2019 and 2023, Watertown's population grew 7.7% from 4,408 to 4,747, while its median home value rose 51.3% from $208,300 to $315,200.

The median gross rent is $967. 22.2% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 4,747
Median age: 34.5 yrs
Median household income: $93,008
Median home value: $315,200
Median gross rent: $967
Housing units: 1,877
Homeownership rate: 79.3%
Bachelor's degree or higher: 22.2%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

4,4084,747

Median household income

$83,542$93,008

Median home value

$208,300$315,200

Median gross rent

$694$967

Year	Population	Median household income	Median home value	Median gross rent
2019	4,408	$83,542	$208,300	$694
2020	4,473	$94,922	$236,400	$731
2021	4,659	$95,156	$245,900	$807
2022	4,712	$101,667	$285,400	$885
2023	4,747	$93,008	$315,200	$967

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.4%

5 to 1714.4%

18 to 2414.3%

25 to 3414.7%

35 to 4410.4%

45 to 5412.6%

55 to 6414.5%

65 to 746.3%

75 and over5.3%

	Count	Share
Under 5	351	7.4%
5 to 17	685	14.4%
18 to 24	678	14.3%
25 to 34	698	14.7%
35 to 44	492	10.4%
45 to 54	599	12.6%
55 to 64	690	14.5%
65 to 74	301	6.3%
75 and over	253	5.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,431	93.3%
Black or African American	2	0.0%
American Indian & Alaska Native	3	0.1%
Asian	19	0.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	13	0.3%
Two or more races	155	3.3%
Hispanic or Latino (any race)	124	2.6%

Educational attainment (age 25+)

No high school diploma4.8%

High school graduate24.7%

Some college or associate's48.3%

Bachelor's degree17.6%

Graduate or professional degree4.5%

	Count	Share
No high school diploma	147	4.8%
High school graduate	750	24.7%
Some college or associate's	1,464	48.3%
Bachelor's degree	534	17.6%
Graduate or professional degree	138	4.5%

Commute to work

Mean travel time to work: 27 min

Drove alone73.8%

Carpooled3.2%

Public transit0.1%

Walked3.7%

Bicycle0.0%

Worked from home19.1%

Other means0.1%

How workers get to work

	Count	Share
Drove alone	2,120	73.8%
Carpooled	92	3.2%
Public transit	3	0.1%
Walked	107	3.7%
Bicycle	0	0.0%
Worked from home	548	19.1%
Other means	3	0.1%

Travel time

	Count	Share
Under 15 min	464	20.0%
15 to 29 min	740	31.8%
30 to 44 min	810	34.8%
45 to 59 min	274	11.8%
60+ min	37	1.6%

Households

Average household size: 2.59
Poverty rate: 10.1% (476 of 4,702)

	Count	Share
Family households	1,256	69.4%
Nonfamily households	553	30.6%

Housing

Median year structure built: 1995

Occupancy

	Count	Share
Occupied	1,809	96.4%
Vacant	68	3.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,435	79.3%
Renter-occupied	374	20.7%

1-unit, detached73.7%

1-unit, attached9.4%

2 to 4 units2.5%

5 to 19 units5.5%

20 or more units3.5%

Mobile home & other5.5%

Units in structure

	Count	Share
1-unit, detached	1,383	73.7%
1-unit, attached	176	9.4%
2 to 4 units	46	2.5%
5 to 19 units	103	5.5%
20 or more units	65	3.5%
Mobile home & other	104	5.5%

Geography

Place GEOID: 2768548
Type (LSAD): 25
Land area: 2.63 sq mi
Water area: 0.05 sq mi
Center point: 44.9602, -93.8439