Market Report

Otter Tail County Housing Market Trends

Homes in the North Star State are close the national average in affordability, with the median homeowner spending just under 19% of their income on their home. Minnesota grew at a healthy clip of 7.6% in 2018, but market signs suggest that this rate is starting to slow down.
Would you like a detailed report of listings and sales in your neighborhood, or perhaps one you would like to move to? Email us at info@homesandlakeshore.com or use the contact form – we’d love to help.

Otter Tail County Housing Trends Over Time

Otter Tail County, Minnesota and consists of 22 cities. Home values have increased more than 21% in 2023 over 2022. A recent sampling of homes for sale ranged from $17.5K to $6.9M.

  • $369.5K is the Median listing home price
  • $194 is the Median listing home price per square foot
  • $277.5K Median sold home price

Looking for information on other areas? You can browse listings by County or City on our website. Or drop us a line- we would be happy to provide a custom report.

Take away: If you are thinking about selling, contact us immediately. Inventory remains low, so if you are buying, we can help you with alerts as soon as a new property hits the market. You will have to move fast when you find the right home.

View Otter Tail County Homes for Sale

Interest Rates

Mortgage interest rates for Otter Tail County have dropped slightly but still are hovering over 7.25%.

Otter Tail County Median Property Tax

In Otter Tail County, the average County property tax rate is 0.810%. For a home with an assessed value of $323,000, expect to pay $2,616 in annual property taxes.

Property tax rates in Minnesota are close to the national average. The state’s average effective property tax rate is 1.02%, compared to the national average of 0.99%.

Otter Tail County Real Estate Market Report
Article Name
Otter Tail County Real Estate Market Report
Otter Tail and surrounding MN counties real estate statistics including home values, median list and sales prices, current interest rates, updated monthly!