Metropolitan Statistical Area (MSA):
Fergus Falls, MN is a Metropolitan Statistical Area (MSA) comprising counties including Otter Tail County.
There are many factors influencing real estate trends in the Fergus Falls, MN metropolitan statistical area (MSA). The economy, job market, interest rates, and population growth are just a few examples.
The economy has been slowly improving since the Great Recession of 2008. This has led to more people moving into the area in search of work. The job market has also been growing, which has helped to increase the demand for housing.
Interest rates have remained low in recent years, making it an attractive time to buy a home. However, they are expected to rise in the near future, which could put a damper on the housing market.
Population growth has been steady in the Fergus Falls MSA over the past few years. This is due to both natural growth and people moving into the area from other parts of the country. The population growth has helped to increase the demand for housing.
|New York Mills||Minnesota||3,238|
|56533||323||7||America/Chicago||46.40948||-96.15670||Elizabeth||Otter Tail County||Minnesota|
|56518||414||8.6||America/Chicago||46.48906||-95.24512||Bluffton||Otter Tail County||Minnesota|
|56588||449||3.3||America/Chicago||46.21949||-95.50605||Vining||Otter Tail County||Minnesota|
|56524||618||5.9||America/Chicago||46.21378||-95.61021||Clitherall||Otter Tail County||Minnesota|
|56576||849||8.3||America/Chicago||46.46682||-95.69740||Richville||Otter Tail County||Minnesota|
|56527||875||6.5||America/Chicago||46.37872||-95.31722||Deer Creek||Otter Tail County||Minnesota|
|56324||1,114||7.6||America/Chicago||46.16608||-95.90514||Dalton||Otter Tail County||Minnesota|
|56534||1,291||8.1||America/Chicago||46.46113||-96.01096||Erhard||Otter Tail County||Minnesota|
|56587||1,353||9.1||America/Chicago||46.64126||-95.86143||Vergas||Otter Tail County||Minnesota|
|56528||1,664||9.9||America/Chicago||46.52869||-95.81167||Dent||Otter Tail County||Minnesota|