Ottertail, MN 56571 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ottertail, MN—56571

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$348,000

0.2% YoY Growth

Household Income

$83,500

42.6% YoY Growth

Days on Market

103

78.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Ottertail, MN

As of Nov '25, the median home price in Ottertail, MN is $348,000, with a year-over-year change of 0.2%. This indicates that home prices in Ottertail, MN are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$348,000	0.2%
Single Family	$348,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ottertail, MN

Ottertail, MN lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.7%

1 Bedroom

5.4%

2 Bedrooms

35.9%

3 Bedrooms

43.5%

4 Bedrooms

6.5%

Property Listings — Ottertail, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Ottertail, MN is 103. This is a increase of 78.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	5.0%
Listing Count	30	21.0%
Listings as % of Homes	0.7%	21.0%
Days on Market	103	78.0%

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Demographics — Ottertail, MN

As of the latest ACS Survey released in 2023, Ottertail, MN has a population of 1,760, which has decreased by -3.6% over the past 5 years. Ottertail, MN is a less popular place for families, as children make up 14.0% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,760	-3.6%
% Under 18	14.0%	-26.3%
% Seniors	35.4%	37.7%
% WFH	17.4%	210.7%
% w/ College Degree	27.0%	14.4%

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As of the latest ACS Survey released in 2023, Ottertail, MN is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Ottertail, MN is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.6% of the population in Ottertail, MN, and this percentage has decreased by 27.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.8%	-0.4%
% Black	0.1%	∞%
% Hispanic	1.4%	-53.3%
% Asian	0.7%	∞%
% Foreign Born	1.6%	-27.3%

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Mortgage and Risk — Ottertail, MN

According to HUD data as of 2023, there were 44 mortgage originations in Ottertail, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Ottertail, MN. Investor activity is low, as 7.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	44
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	7.0%
% Second Loans	30.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Ottertail, MN

Ottertail, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$850
2 Bedroom	N/A	N/A	$1,110
3 Bedroom	N/A	N/A	$1,530
4 Bedroom	N/A	N/A	$1,620

Ottertail, MN—56571

Key Metrics at a Glance

Home Price Trends — Ottertail, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ottertail, MN

% of Rental Stock

Property Listings — Ottertail, MN

Demographics — Ottertail, MN

Race and Ethnicity

Mortgage and Risk — Ottertail, MN

Mortgages

Rentals and Section 8 — Ottertail, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Ottertail, MN

Home Price to Income Ratio

Ottertail, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Henning, MN

Richville, MN

Perham, MN

New York Mills, MN

Vining, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$348,000
Median Household Income	$83,500

Ottertail, MN—56571

Key Metrics at a Glance

Home Price Trends — Ottertail, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ottertail, MN

% of Rental Stock

Property Listings — Ottertail, MN

Demographics — Ottertail, MN

Race and Ethnicity

Mortgage and Risk — Ottertail, MN

Mortgages

Rentals and Section 8 — Ottertail, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Ottertail, MN

Home Price to Income Ratio

Ottertail, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Henning, MN

Richville, MN

Perham, MN

New York Mills, MN

Vining, MN

Frequently Asked Questions

What is the average home price in Ottertail, MN 56571?

How have home prices in Ottertail, MN 56571 changed over the past year?

What is the home price projection for Ottertail, MN 56571?

What are the demographics of Ottertail, MN 56571?

How long does it take homes to sell in Ottertail, MN 56571?

What is the average rent price in Ottertail, MN 56571?