Otsego, MN housing market
The typical Otsego home is worth about $428,000, about the same as a year ago, 22% above the Minnesota typical home. Homes typically sell in 34 days, a little above asking.
Home values, sales, trends and how Otsego compares with the towns next door — updated as new data is published.
Otsego at a glance
A seller's market
Supply is tight — about 2.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Otsego | Minnesota |
|---|---|---|
| 2017 | $272,000 | $217,000 |
| 2018 | $288,000 | $232,000 |
| 2019 | $305,000 | $246,000 |
| 2020 | $317,000 | $259,000 |
| 2021 | $345,000 | $282,000 |
| 2022 | $398,000 | $313,000 |
| 2023 | $409,000 | $325,000 |
| 2024 | $415,000 | $331,000 |
| 2025 | $427,000 | $341,000 |
| 2026 | $429,000 | $349,000 |
| August 2026 | $428,000 | $351,000 |
Otsego and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Otsego | $428K | 0% | 34 | $119,927 |
| Elk River | $399K | +2% | 29 | $108,741 |
| Rogers | $464K | +1% | 42 | $158,750 |
| Big Lake | $377K | +2.2% | — | $123,077 |
| Dayton | $514K | +1.4% | 60 | $148,947 |
| Monticello | $332K | +1.2% | — | $123,200 |
| Albertville | $382K | +0.1% | 14 | $132,734 |
3.6 years of income
The typical Otsego home costs about 3.6 years of the town's median household income, less than across Minnesota (3.9 years).
How Otsego ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.