ZIP Code Market Report
55389 — Watkins, MN
Data through February 2026 · Updated monthly
Avg Home Value
$310,300
▲ 3.5% year-over-year
Month-over-Month
+0.7%
▲ 0.7%
Single Family
$304,974
Condo / Co-op
--
The average home value in the 55389 ZIP code (Watkins, MINNESOTA) is $310,300 as of February 2026. Home prices are rising, up 3.5% compared to last year.
A 3-bedroom home in 55389 is valued at $319,504.
The market in 55389 has a $306,025 spread between bottom-tier homes at $188,794 and top-tier homes at $494,819. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Meeker County market area in MINNESOTA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Meeker County report.
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Market Snapshot
55389 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $309,415 | $308,179 | $310,300 | ▲ 0.3% |
| Single Family Value | $300,111 | $301,964 | $304,974 | ▲ 1.6% |
Home Values
55389 Home Value Trend
Historical home values for ZIP code 55389. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 55389
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $319,504 |
| 4 Bedrooms | $394,375 |
Property Types
Home Values by Property Type in 55389
How different property types compare in this ZIP code.
All Homes
$310,300
Single Family
$304,974
Bottom Tier
$188,794
Top Tier
$494,819
Data Sources and Methodology
Home value data for ZIP code 55389 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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