Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$174,190+3.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$37,761About 0.5× the local median income ($71,892): affordable for a typical household
Days on market68 daysFaster than a year ago: sellers have the edge
The typical home in Watonwan County, MN is worth $174,190, up 3.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $131,593, so the area is 32.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are down 20% from a year ago, 15% of listings have had a price cut. A household needs about $37,761 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,892. In the latest IRS figures, 221 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$174,190
Change in 1 year
+3.2%
Overvalued %
+32.4%
Show 6 more
Fair home value
$131,593
Change in 5 years
+48.5%
Home value to income
2.4×
Monthly mortgage payment (20% down)
$944
Income needed to afford it
$37,761
Property tax rate
1.05%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
−20.0%
Days on market
68
Listings with a price cut
15.1%
Show 3 more
Homes for sale
36
Pending sales per 100 listings
25
Asking price per sq ft
$93
People and jobs
Median household income
$71,892
Population change (1 year)
+0.8%
Unemployment rate
5.2%
Show 4 more
Population
11,459
Income adjusted for cost of living
$83,693
Net moves in (IRS)
−221
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
23.9
Flood risk score
24.9
Show 3 more
Wildfire risk score
9.2
Walkability (1 to 20)
6.8
Road, rail and air noise
52 dB
Questions people ask
Is Watonwan County, MN overvalued?
Home prices in Watonwan County, MN are well above what local incomes have historically supported: fair value is about $131,593, so the area is 32.4% overvalued.
Is Watonwan County, MN a buyer's or seller's market?
Watonwan County, MN is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are down 20% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Watonwan County, MN?
Home values in Watonwan County, MN are up 3.2% over the last year.
How much do you need to earn to buy a home in Watonwan County, MN?
A household needs about $37,761 a year to afford the typical home in Watonwan County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,892.