Watertown, WI home prices
Typical home $369,348 · +5.3% in a year · income needed $112,400
The Watertown, WI metro area ranks 194 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.3% in a year and +31.5% over five years. With 20% down at 7.11%, the typical home costs about $2,622 a month including 1.46% property tax (Jefferson County rate).
Mortgage on the typical Watertown home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $73,870 | $295,478 | $1,988 | $0 | $634 | $2,622 | $112,400 |
| 10% down | $36,935 | $332,413 | $2,236 | $139 | $634 | $3,009 | $129,000 |
| 5% down | $18,467 | $350,881 | $2,360 | $146 | $634 | $3,141 | $134,600 |
| 3.5% down (FHA) | $12,927 | $362,658 | $2,440 | $163 | $634 | $3,237 | $138,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Watertown area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson County, WI | $369,355 | +5.3% | 1.46% |
What can you afford in Wisconsin on your salary? · Wisconsin home prices · Salaries in Wisconsin
Frequently asked questions
How much is a house in Watertown?
The typical home in the Watertown, WI metro area is worth $369,348 (Zillow, September 2026).
What salary do you need to buy a house in Watertown?
About $112,400 a year for the typical home with 20% down at 7.11%.