The housing market in Otter Tail Peninsula, MN is experiencing a strong surge in value. The median house value is currently $234,400, which is lower than the US median house value of $338,100. However, the 1 year appreciation rate for houses in Otter Tail Peninsula is 15.27%, compared to the US average of 8.27%. This suggests that now is a great time to invest in real estate within the Otter Tail Peninsula region and that values will continue to increase over time.
The median home cost in Otter Tail Peninsula is $234,400. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Otter Tail Peninsula is up 19.7%.
Average Age of Homes
- The median age of Otter Tail Peninsula real estate is 25 years old
The Rental Market in Otter Tail Peninsula
- Renters make up 4.0% of the Otter Tail Peninsula population
- 0.0% of houses and apartments in Otter Tail Peninsula, 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.