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Ottertail city, MN

ZIP 56571 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56571

Median Home Value
$316,900
Median Rent
$639
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,036/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

41.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 56571 in Ottertail city, MN, a household would need roughly $87,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,036. That is roughly in line with the local median household income ($83,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 48% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.8%+36% vs US avg
x
Vacancy Rate
47.6%+363% vs US avg
x
Broadband Access
86.4%-1% vs US avg
x
4+ Bedrooms
4.8%-67% vs US avg
x
Built Pre-1939
5.3%-58% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
5.4%-89% vs US avg
x
Mortgage-Free
45.8%+20% vs US avg
x
$316,900
Home Value
$639
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.5%
  • 1-unit attached1.8%
  • 2-9 units1.5%
  • 10+ units0.0%
  • Mobile home & other10.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$316,900
Median rent$639
Owner-occupied88.8%
Vacant47.6%
Price-to-income3.8x
Est. income to buy$87,000