Otter Tail median home price
The average home price in Otter Tail is $340,757, ranking #705 of 3,071 U.S. counties. Updated monthly and free to explore.
Median home price
$340,757
Ranks #705 of 3,071 U.S. counties, in the top 23%.
- vs. national median$234,352Otter Tail is higher than the U.S. median
- vs. Minnesota median$278,266Otter Tail is higher than the Minnesota median
What median home price means
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.
Otter Tail average home price: common questions
What is the average home price in Otter Tail?
The average home price in Otter Tail is $340,757, which ranks #705 of 3,071 U.S. counties. Curb Report updates this monthly and it is free to view.
Is the average home price in Otter Tail above or below the national average?
Otter Tail is higher than the U.S. median of $234,352, putting it in the top 23% of U.S. counties.
How does Otter Tail compare with the rest of Minnesota?
Otter Tail is higher than the Minnesota median of $278,266.
Is the average home price the same as the median home price?
People usually search for the "average home price" in a place, but the number published here is the typical home value from Zillow's ZHVI, which is a median-style measure rather than an arithmetic mean. That is deliberate: a true average is dragged upward by a handful of luxury sales, so it overstates what a normal home costs. For everyday purposes the two answer the same question, and the figure below is the better answer to it.
What does median home price mean?
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.