55388
Watertown, Minnesota.
Watertown, Carver County, MN · Minneapolis-St. Paul-Bloomington, MN-WI metro · population 5,893
to buy the typical home at today's mortgage rate — +$950 (+91%) since Jan 2020.
- 1 year
- Up $9,400 +3%
- $370,316$379,717 since Sep 2025
- 5 years
- Up $34,303 +10%
- $345,414$379,717 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 55388$1,993
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 37 years.
Typical home values in zip 55388 rose 2.5% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Carver County, MN 80% · Wright County, MN 15% · Hennepin County, MN 5%
Zillow also publishes an index for the city itself: Watertown, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55388
Mid-tier homes, smoothed and seasonally adjusted.
- 55388$379,717
- Minneapolis$387,807
- United States$366,157
Within 20 miles
Showing 30 of 37 zips in range — sorting picks from all 37.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 4.4 | 55360 | Mayer | 3,341 | — | $391,158 |
| 6.0 | 55328 | Delano | 10,019 | — | $440,922 |
| 6.8 | 55375 | Saint Bonifacius | 4,326 | — | $450,773 |
| 7.2 | 55363 | Montrose | 5,814 | — | $325,609 |
| 7.3 | 55387 | Waconia | 15,030 | $1,860 | $463,778 |
| 7.4 | 55367 | New Germany | 1,122 | — | $395,101 |
| 8.1 | 55359 | Maple Plain | 6,997 | — | $604,476 |
| 8.5 | 55364 | Mound | 14,097 | $2,464 | $535,237 |
| 10.1 | 55397 | Young America | 3,404 | — | $346,990 |
| 10.4 | 55390 | Waverly | 3,492 | — | $356,337 |
| 10.5 | 55395 | Winsted | 2,723 | — | $291,107 |
| 10.6 | 55384 | Spring Park | 1,896 | — | $584,323 |
| 11.0 | 55386 | Victoria | 10,077 | $2,184 | $621,002 |
| 11.3 | 55373 | Rockford | 5,822 | $1,275 | $378,282 |
| 11.8 | 55354 | Lester Prairie | 3,159 | — | $317,659 |
| 12.2 | 55331 | Excelsior | 19,805 | $2,451 | $830,316 |
| 12.8 | 55322 | Cologne | 3,775 | — | $459,388 |
| 13.1 | 55356 | Long Lake | 5,696 | $2,465 | $803,155 |
| 13.5 | 55349 | Howard Lake | 3,549 | — | $345,123 |
| 13.8 | 55357 | Loretto | 3,419 | — | $528,501 |
| 14.0 | 55318 | Chaska | 30,369 | $1,848 | $482,569 |
| 14.3 | 55368 | Norwood Young America | 1,775 | — | $358,172 |
| 14.9 | 55391 | Wayzata | 15,502 | $3,392 | $1,028,566 |
| 15.0 | 55370 | Plato | 558 | — | $360,753 |
| 15.5 | 55313 | Buffalo | 24,913 | $1,663 | $383,296 |
| 15.9 | 55317 | Chanhassen | 22,299 | $2,201 | $534,164 |
| 16.0 | 55340 | Hamel | 10,183 | $2,800 | $685,689 |
| 16.2 | 55339 | Hamburg | 942 | — | $350,149 |
| 16.6 | 55381 | Silver Lake | 1,819 | — | $306,123 |
| 17.1 | 55341 | Hanover | 3,561 | — | $456,979 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.