Otto, MN housing market
Home prices around Otto have risen about 49% over the past 5 years.
Home values, sales, trends and how Otto compares with the towns next door — updated as new data is published.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Otto rose 49% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 6.2%.
Show as a table
| Year | Change that year | Since 2002 | Minnesota since 2002 |
|---|---|---|---|
| 2025 | +6.1% | +145% | +92% |
| 2024 | +8% | +131% | +87% |
| 2023 | +11% | +114% | +80% |
| 2022 | +8.2% | +92% | +73% |
| 2021 | +7.5% | +78% | +54% |
| 2020 | +3.6% | +65% | +41% |
| 2019 | +5.1% | +59% | +37% |
| 2018 | +1.8% | +52% | +31% |
| 2017 | +1.1% | +49% | +24% |
| 2016 | +18% | +47% | +17% |
| 2015 | −6% | +25% | +12% |
| 2014 | +7.4% | +33% | +8.5% |
| 2013 | +1.8% | +24% | +2.6% |
| 2012 | −4.6% | +21% | −1.3% |
| 2011 | −3.1% | +27% | +0.1% |
| 2010 | −2.3% | +31% | +5.9% |
| 2009 | −2.3% | +34% | +13% |
| 2008 | +5.4% | +38% | +20% |
| 2007 | −1.1% | +30% | +26% |
| 2006 | +6.5% | +32% | +27% |
| 2005 | +4.4% | +24% | +23% |
| 2004 | +16% | +19% | +14% |
| 2003 | +2% | +2% | +4.7% |
| 2002 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56567, 56571, 56573, covering 83% of Otto’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Otto and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Otto | +6.2%† | $1,000 | — | $86,429 |
| Newton | +6.2%† | $970 | — | $84,583 |
| Rush Lake | — | $1,050 | 6 | $75,000 |
| Pine Lake | +5.7%† | $970 | — | $94,792 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Otto is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Otto pay a median of $843, so moving in tends to cost more than staying put.
Studio $690 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56567, 56571, 56573; Otter Tail County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.