Market Overview
Home Prices in Ottertail, MN
The median home value in Ottertail, MN is $371,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ottertail are priced9% below average. Ottertail is part of the Fergus Falls, MN metro area.
Over the past five years, Ottertail home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Ottertail Home Price Trend
City Comparison
Ottertail vs. National Median
At $371,144, homes in Ottertail cost 9% below the national median of $410,000. This makes Ottertail a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ottertail?
20% Down Payment
$74,229
on $371,144
Monthly P&I
$1,936/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,459/mo
incl. taxes & insurance
Income Needed
$98,360
gross annual (30% rule)
10% Down Option
$37,114
+ PMI applies
Loan Amount (20% dn)
$296,915
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 Ottertail, MN?
The median home value in Ottertail is $371,144 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Ottertail?
Over the past year, home values in Ottertail have increased by 4.7%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Ottertail?
To comfortably afford the median home price of $371,144 with a 20% down payment ($74,229) at today's rates (6.8%), you'd need a gross annual income of approximately $98,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Ottertail compare to the national average home price?
The national median home value is approximately $410,000. At $371,144, homes in Ottertail are 9% below the national average.
What metro area is Ottertail part of?
Ottertail is part of the Fergus Falls, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.