HomeMinnesotaCarver CountyWatertown city
Watertown city, Minnesota: commercial real estate data.
Watertown city is a Census city of 4,790 people across 2.63 square miles of land, in Carver County. Median household income is $99,671, 82.9 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $650,900.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Watertown
What Watertown is
- Census place typecity
- Land area2.63 sq mi
- Water area0.05 sq mi
- Population per square mile of land1,824
- County holding the largest share of its areaCarver County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Watertown
How many people live in Watertown
- Population4,790
- Median age33.3
- Population under 181,158 plus or minus 231
- Share under 1824.2 percent
- Population 65 and over541 plus or minus 131
- Share 65 and over11.3 percent plus or minus 2.7
- Households1,741
- Family households1,275
- Share of households that are families73.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Watertown
Income and work in Watertown
- Median household income$99,671
- Per capita income$42,480
- Civilian labor force2,798
- Employed2,798
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over3,056
- Adults 25 and over with a high school diploma or higher94.9 percent
- Adults 25 and over with a bachelor degree or higher22.5 percent plus or minus 4.6
- Adults 25 and over with a graduate degree5.9 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Watertown
Housing in Watertown
- Housing units1,815
- Occupied units1,741
- Vacant units74 plus or minus 79
- Vacancy rate4.1 percent plus or minus 4.3
- Owner occupied1,443
- Renter occupied298 plus or minus 133
- Ownership rate82.9 percent
- Median owner-occupied home value$337,200
- Median gross rent, monthly$927 plus or minus $203
- Annual rent as a share of median income11.2 percent plus or minus 2.7
- Single family units1,495
- Share single family82.4 percent
- Units in buildings of two or more225 plus or minus 126
- Share in buildings of two or more12.4 percent plus or minus 6.8
- Mobile homes95 plus or minus 60
- Median year structure built1996
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Watertown
How Watertown gets to work
- Workers 16 and over who commute2,270
- Commuting under 15 minutes536 plus or minus 155
- Share commuting under 15 minutes23.6 percent plus or minus 6.4
- Commuting 30 minutes or more1,020 plus or minus 236
- Share commuting 30 minutes or more44.9 percent plus or minus 9.5
- Drove alone72.7 percent
- Carpooled4.4 percent plus or minus 2.3
- Public transport0.1 percent plus or minus 0.2
- Walked3.8 percent plus or minus 2.4
- Worked from home18.4 percent plus or minus 7.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Watertown
SBA loans in Watertown (7(a))
- Approvals7
- Gross approval$650,900
- Average approval$92,986
- Median approval$65,800
- Ninetieth percentile approval$285,000
- Largest approval$285,000
- Jobs supported17
- Jobs per approval2.4
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS6
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Watertown
SBA loans in Watertown (504)
- Approvals3
- Gross approval$3,577,000
- Average approval$1,192,333
- Median approval$501,000
- Largest approval$2,578,000
- Jobs supported26
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Carver County, not Watertown
Carver County context, not Watertown figures
These are Carver County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Watertown measurements.
- Establishments in Carver County2,714
- Employment at those establishments, Carver County39,280
- Covered employment, Carver County40,848
- Average annual pay, Carver County$67,445
- Average weekly wage, Carver County$1,297
- Housing units permitted, Carver County744
- Of those, single family, Carver County662
- County product, 2024, Carver County$7,613,634,000
- County product change over the prior year, Carver County5.7 percent
- Average income of an arriving household, Carver County$110,281
Every figure in this section is published for Carver County as a whole and is not a measurement of Watertown. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Watertown questions, answered from the record.
How many people live in Watertown, Minnesota?
4,790, in 1,741 households. Watertown city covers 2.63 square miles of land, which is 1,824 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Watertown in?
Carver County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Watertown?
$99,671. The median owner-occupied home is valued at $337,200. Median gross rent is $927 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Watertown businesses?
7 7(a) approvals totalling $650,900, across 5 lenders, median approval $65,800, plus 3 504 approvals worth $3.6 m. These count approvals to borrowers whose address is in Watertown, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Watertown borrowers get paid back?
No rate is published for Watertown. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Watertown figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Carver County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Watertown.
Is zoning published for Watertown?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.