City-owned Homes And Land in Ottertail, MN

Current Market Conditions in Ottertail, MN

The real estate market in Ottertail, MN has been showing signs of growth in recent months, attracting many buyers both from within the state and out-of-state. Properties near the lakes especially are in demand, with families seeking vacation homes and retirees looking to settle down in a peaceful environment. Average days on the market has decreased as buyers are eager to invest in homes that offer a blend of affordability and scenic beauty. Despite a competitive market, prices remain relatively stable, making it an appealing time for first-time home buyers interested in lakefront living.

In terms of housing trends, newer developments are coming up in response to the increasing demand. Many properties are being renovated to modern standards while preserving the charming historical aspects of the town. Agents report a shift towards larger homes with more outdoor space and amenities, as remote work continues to influence home buying preferences.

Rent Prices In Ottertail, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ottertail, MN, is on a rollercoaster ride. The average rent price in Ottertail, MN, is $1,467.00. Indeed, when looking to rent in Ottertail, MN, you can expect to pay as little as $570.00 or as much as $2,100.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Ottertail, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.