The housing market in Otter Tail, MN is thriving. According to the recent data, the median housing value in Otter Tail is $533,700, which is significantly higher than the US House Median Value of $338,100. Additionally, the US 1 year House Appreciation is 8.27%, and the House 1 year appreciation in Otter Tail has been 8.21%. This shows that the housing market in Otter Tail is flourishing and homes are appreciating quickly. This makes it a great time to invest in real estate in this area of Minnesota.
The median home cost in Otter Tail is $533,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Otter Tail is up 13.6%.
Average Age of Homes
- The median age of Otter Tail real estate is 33 years old
The Rental Market in Otter Tail
- Renters make up 5.6% of the Otter Tail population
- 0.0% of houses and apartments in Otter Tail, 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.