Market Overview
Home Prices in Otsego, MN
The median home value in Otsego, MN is $429,574 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otsego are priced5% above average. Otsego is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Otsego home values have risen by approximately14.7%, reflecting steady appreciation in this market.
Price History
Otsego Home Price Trend
City Comparison
Otsego vs. National Median
At $429,574, homes in Otsego cost 5% above the national median of $410,000. Buyers in Otsego should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Otsego?
20% Down Payment
$85,915
on $429,574
Monthly P&I
$2,240/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,845/mo
incl. taxes & insurance
Income Needed
$113,800
gross annual (30% rule)
10% Down Option
$42,957
+ PMI applies
Loan Amount (20% dn)
$343,659
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Otsego, MN?
The median home value in Otsego is $429,574 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Otsego?
Over the past year, home values in Otsego have decreased by 0.3%. Over five years, prices have risen approximately 14.7%.
How much do I need to earn to buy a home in Otsego?
To comfortably afford the median home price of $429,574 with a 20% down payment ($85,915) at today's rates (6.8%), you'd need a gross annual income of approximately $113,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Otsego compare to the national average home price?
The national median home value is approximately $410,000. At $429,574, homes in Otsego are 5% above the national average.
What metro area is Otsego part of?
Otsego is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.