Otto, Minnesota is a quaint and charming town with an impressive housing market. The median value of homes in Otto currently stands at $349,600 - higher than the US House median value of $338,100. On top of this, the 1 year house appreciation rate for Otto has also been just slightly lower than the national rate of 8.27%, coming in at 8.21%. All these factors make Otto an attractive option for those looking to invest in real estate or purchase a home in the area.
The median home cost in Otto is $349,600. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Otto is up 13.6%.
Average Age of Homes
- The median age of Otto real estate is 34 years old
The Rental Market in Otto
- Renters make up 8.1% of the Otto population
- 0.0% of houses and apartments in Otto, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.