57201
Watertown, South Dakota.
Watertown, Codington County, SD · Watertown, SD metro · population 26,781
to buy the typical home at today's mortgage rate — +$858 (+104%) since Jan 2020.
- 1 year
- Up $10,288 +3%
- $311,219$321,507 since Sep 2025
- 5 years
- Up $51,584 +19%
- $269,923$321,507 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.
- 57201$1,688
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in zip 57201 rose 3.3% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Codington County, SD 99% · Hamlin County, SD 1%
Zillow also publishes an index for the city itself: Watertown, SD — measured over the city limits, which is a different area from this zip.
Asking rent — 57201
Against the Watertown, SD metro and the national benchmark.
- 57201$1,196
- Watertown$1,196
- United States$1,932
Typical home value — 57201
Mid-tier homes, smoothed and seasonally adjusted.
- 57201$321,507
- Watertown$336,249
- United States$366,157
Within 20 miles
| 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 |
|---|---|---|---|---|---|
| 14.2 | 57235 | Florence | 774 | — | $480,934 |
| 14.9 | 57263 | South Shore | 351 | — | $473,391 |
| 16.0 | 57243 | Henry | 549 | — | $489,439 |
| 16.1 | 57223 | Castlewood | 1,429 | — | $339,808 |
| 17.1 | 57242 | Hazel | 320 | — | $517,716 |
| 17.4 | 57241 | Hayti | 936 | — | $313,563 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.