Real Estate Investing in Otter Tail County, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

16 ZIP codes • Population: 52,481

Should you buy in Otter Tail County, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (45/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (46/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 32.1% of homes vacant β€” above national norms.

What’s happening in Otter Tail County, MN?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.9% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $349,246
Avg Monthly Rent $971
ZIP Codes 16

Investing in Otter Tail County Real Estate

This is a distressed-leaning county in Minnesota: Otter Tail has 16 cities, 16 ZIPs, and investment math that only works for investors with genuine local understanding.

The investment case for Otter Tail County is difficult to make on screen data alone. a challenging fit for a 2.9 rating and cap rates that appear attractive only until real vacancy is underwritten.

Demographics in Otter Tail show real pressure β€” $N/AK median income is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Otter Tail County, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$349,246
Avg Monthly Rent
$971
1% Rule
βœ— Below
Landlord Friendly (MN)
β˜…β˜…β˜…β˜†β˜†

πŸ“‰ Market Crash Risk Index

Based on Fergus Falls, MN metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
59%
Days Pending
0/2
0 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Otter Tail County

1 College 5,414 Students 2,669 Off-Campus Renters
C+
Minnesota State Community and Technical College
2-Year Public Β· 5,414 students
πŸ“ ~2,669 students rent off-campus

Investor Insight: With 2,669 students living off-campus, Otter Tail County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Otter Tail County

ZIP Codes in Otter Tail County, MN

56537 β˜… β˜… β˜… β˜… β˜…
Fergus Falls
Population 19,650
Avg Home $250,983
Avg Rent $914/mo
56573 β˜… β˜… β˜… β˜… β˜…
Perham
Population 6,868
Avg Home $370,762
Avg Rent $873/mo
56572 β˜… β˜… β˜… β˜… β˜…
Pelican Rapids
Population 5,900
Avg Home $406,965
Avg Rent $882/mo
56567 β˜… β˜… β˜… β˜… β˜…
New York Mills
Population 3,247
Avg Home $283,756
Avg Rent $873/mo
56515 β˜… β˜… β˜… β˜… β˜…
Battle Lake
Population 2,782
Avg Home $446,341
Avg Rent $963/mo
56551 β˜… β˜… β˜… β˜… β˜…
Henning
Population 2,343
Avg Home $280,357
Avg Rent $873/mo
56586 β˜… β˜… β˜… β˜… β˜…
Underwood
Population 1,798
Avg Home $349,991
Avg Rent $1,035/mo
56571 β˜… β˜… β˜… β˜… β˜…
Ottertail
Population 1,761
Avg Home $377,874
Avg Rent $1,035/mo
56528 β˜… β˜… β˜… β˜… β˜…
Dent
Population 1,655
Avg Home $408,597
Avg Rent $1,269/mo
56587 β˜… β˜… β˜… β˜… β˜…
Vergas
Population 1,299
Avg Home $402,345
Avg Rent $873/mo
56534 β˜… β˜… β˜… β˜… β˜…
Erhard
Population 1,287
Avg Home $335,563
Avg Rent $1,080/mo
56324 β˜… β˜… β˜… β˜… β˜…
Dalton
Population 1,116
Avg Home $335,938
Avg Rent $873/mo
56527 β˜… β˜… β˜… β˜… β˜…
Deer Creek
Population 875
Avg Home $260,336
Avg Rent $891/mo
56576 β˜… β˜… β˜… β˜… β˜…
Richville
Population 858
Avg Home $423,068
Avg Rent $963/mo
56524 β˜… β˜… β˜… β˜… β˜…
Clitherall
Population 709
Avg Home $433,685
Avg Rent $990/mo
56533 β˜… β˜… β˜… β˜… β˜…
Elizabeth
Population 333
Avg Home $221,369
Avg Rent $1,152/mo

Screen every market in Otter Tail County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Otter Tail County

Where do home prices stand in, MN?

Typical homes in, MN go for around $349K. The 5-year CAGR of 0.0% steady price movement.

What is the smart move for investors in, MN?

A careful cash-flow rentals with hands-on management strategy, MN best. The market produces predictable results for that approach at the $349K price point.

Is, MN a smart market for rental property?

, MN clocks in at an investability rating of 2.9/5, with median home values near $349K and average rents around $971/mo. That combination puts it in the significant tier for investor interest.

How landlord-friendly is, MN?

MN ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

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