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Market ReportUpdated May 12, 2022

The typical home value of homes in Otter Tail County is $294,520. This value is seasonally adjusted and only includes the middle price tier of homes. Otter Tail County home values have gone up 12.8% over the past year.

Interest rates are inching upwards. Buyers, if you are on the fence, jump in now. An increase in rates could add up to a lot. 

Sellers, we have buyers looking right now. With low inventory, under most circumstances you can expect a good price and efficient sale. Please contact us to list your property today.

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.

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

Market Details

Looking for information Grant or Douglas County? We’ve got you covered. Browse listings by County or City. Or drop us a line- we would be happy to provide a custom report.

Interest Rates

The average rate you’ll pay for a 30-year fixed mortgage is 5.42 percent, unchanged over the last week. This time a month ago, the average rate on a 30-year fixed mortgage was lower, at 5.04 percent.

Mortgage Rates on the Rise. As you can see, mortgage rates are on the rise. While rates hovered around 3 percent for much of 2021, they are already higher than what economists at the National Association of Realtors predicted for 2022. While still a moderate rate by historical standards, the record-setting days are behind us now, and the trend points upward from here. Now’s the chance to take advantage of today’s rates before they climb higher.

Keller Williams Zero Plus Financing for Customers

KW customers benefit most by saving thousands with the ZeroPlus Loan. We eliminate traditional costs and pass the savings directly to the consumer, at the same low rate! Applicable on new loans and refinancing!

 Zero Origination Fee

 Zero Lender Fees

 Plus $1,000 at Closing
*Towards 3rd Party Costs

 Plus A Low Rate
*$1,000 closing credit on loans $150k +

With the super low interest rates we are seeing, what are you waiting for?
Check out a Zero Plus loan today!

Otter Tail County Median Property Tax

The avearage property tax in Otter Tail County, Minnesota is 0.820% which results in $2,050 in property taxes per year for a home with an assessed value of $250,000.  

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