Otter Tail County, Minnesota Housing Market Prices
Otter Tail County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 15% below the Minnesota median$201,531
-
Median rent 32% below the Minnesota median$868
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Otter Tail County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,531 | $236,718 | $248,835 |
| Price Trend (Annual %) | 3.8% | 6.6% | 7.5% |
| Median Gross Rent | $868 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Otter Tail County is about 15% lower than in Minnesota. Rent is about 32% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Otter Tail County, up about 3.8% and 3.8% a year respectively. Rent is changing faster.
Median rent in Otter Tail County rose about 32.3% between 2015 and 2024, from $656 to $868. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Otter Tail County.
Buying the median-priced home in Otter Tail County costs roughly 19.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Otter Tail County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Otter Tail County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,531 | $236,718 | $248,835 |
| Median Household Income | $72,292 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Otter Tail County rose about 95.7%, while median household income rose about 60.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Otter Tail County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 65.5% | 58.5% |
| Rental Rate | 14.1% | 25.2% | 31.2% |
| Vacancy Rate | 31.4% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Otter Tail County has a homeownership rate of 54.5%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 31.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Otter Tail County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1978 | 1976 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Otter Tail County was built around 1978. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Otter Tail County, MN Housing Compared With Nearby Counties
How Otter Tail County, MN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Otter Tail County, MN | 60,475 | $201,531 #1/2 | $868 #2/2 | 79.5% #1/2 |
| Douglas County, MN | 39,575 | $111,250 | $927 | 76.5% |
Frequently Asked Questions
Common questions about the housing market in Otter Tail County, Minnesota.
What is the median home price in Otter Tail County, Minnesota?
The median home price in Otter Tail County, Minnesota is $201,531, lower than the Minnesota average of $236,718.
What is the average home price in Otter Tail County, Minnesota?
The typical home price in Otter Tail County, Minnesota, reported as the median sale price, is $201,531. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Otter Tail County, Minnesota?
The median gross rent in Otter Tail County, Minnesota is $868 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Otter Tail County in 2020?
In 2020, the median gross rent in Otter Tail County, Minnesota was $675 per month.
What is the price-to-rent ratio in Otter Tail County, Minnesota?
The price-to-rent ratio in Otter Tail County, Minnesota is about 19.4, meaning it would take roughly 19.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Otter Tail County.
Are home prices or rent rising faster in Otter Tail County, Minnesota?
Both home prices and rent are rising in Otter Tail County, up about 3.8% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Otter Tail County, Minnesota?
54.5% of households in Otter Tail County, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Otter Tail County, Minnesota?
The housing vacancy rate in Otter Tail County, Minnesota is 31.4%, higher than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →