Otter Tail County Real Estate Market Report
Updated April 9, 2021—
Home values are still trending upward. The typical home value of homes in Otter Tail County is $247,115. This value is seasonally adjusted and only includes the middle price tier of homes. Otter Tail County home values have gone up 3.9% over the past year.
Interest rates are the lowest of all time, but are also predicted to rise in the next year. Buyers, if you are on the fence, jump in now. An increase in rates could add up to a lot. See our article on where interest rates are headed.
Sellers, we have buyers looking right now. With low inventory, under most circumstances you can expect a fair price and efficient sale.
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
According to Bankrate’s latest survey of the nation’s largest mortgage lenders: For today, Friday, April 9, 2021, the benchmark 30-year fixed mortgage rate is 3.180% with an APR of 3.360%. The average 15-year fixed mortgage rate is 2.430% with an APR of 2.690%. The 5/1 adjustable-rate mortgage (ARM) rate is 3.100% with an APR of 3.940%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.
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 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.
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