Performance indicators for the Watertown short-term rental market based on reliable data.
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Reliable / Active
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The highest-performing listings in Watertown.
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Challenging to Investors
Watertown permits STRs but requires planning/zoning approvals, safety inspections, insurance, and other compliance steps without a dedicated licensing framework, creating cost and process uncertainty. Enforcement appears neighbor-complaint driven and zoning/density limits add constraints, while the state’s evolving legislative posture raises additional regulatory risk.
Local STR Agent
STR specialist · Watertown, SD
Watertown is a city in and the county seat of Codington County, South Dakota, United States. Watertown is home to the Redlin Art Center which houses many of the original art works produced by Terry Redlin, one of America's most popular wildlife artists. Watertown is located between Pelican Lake and Lake Kampeska, from which Redlin derived inspiration for his artwork. The population was 22,655 at the 2020 census, making Watertown the 5th most populous in South Dakota. It is also the principal city of the Watertown Micropolitan Statistical Area, which includes all of Codington and Hamlin counties. Watertown also is home to the Bramble Park Zoo. Watertown's residential real estate is considered the most expensive in South Dakota for cities of its size; the median price for a home in Watertown is approximately $200,000.