HomeMinnesotaCarver CountyWatertown
Watertown, Minnesota: commercial real estate data.
Watertown 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 since FY2020.
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
- 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
Counted by borrower city: approvals to borrowers whose address is in Watertown, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
Counted by borrower city: approvals to borrowers whose address is in Watertown, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Watertown
Flood risk in Watertown
- NFIP communityCity of Watertown
- NFIP community number270056
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/21/18
The City of Watertown participates in the National Flood Insurance Program as community 270056 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Carver County, not Watertown
Carver County context, not Watertown figures
- Establishments in Carver County2,714
- Covered employment, Carver County40,848
- Average annual pay, Carver County$67,445
- Housing units permitted, Carver County744
Every figure in this section is published for Carver County as a whole and is not a measurement of Watertown.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $650,900 since FY2020, across 5 lenders, median approval $65,800, plus 3 504 approvals worth $3.6 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Watertown in the National Flood Insurance Program?
Yes. Watertown appears in the FEMA Community Status Book as Watertown, city of, community 270056, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Watertown figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.