Market ReportUpdated May 5, 2023

Otter Tail County Housing Market Trends

What is the housing market like in Otter Tail County today? The average home price in Otter Tail County is $287,986, up 6.9% compared to last year. Properties are going pending in an average of 27 days from listing.

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

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

After a decade of low rates, mortgage interest rates have climbed to their highest levels since the Great Recession. As of Friday, May 5, 2023, current interest rates in Minnesota are 6.70% for a 30-year fixed mortgage and 6.11% for a 15-year fixed mortgage.

Otter Tail County Median Property Tax

The median property tax in Otter Tail County, Minnesota is $1,046 per year for a home worth the median value of $158,600. Otter Tail County collects, on average, 0.66% of a property’s assessed fair market value as property tax.

Minnesota is ranked 1357th of the 3143 counties in the United States, in order of the median amount of property taxes collected.

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!