56571, Ottertail, MN

The Ottertail, MN 56571 zip code has a population of approximately 2,000 people. The median household income in the 56571 zip code is $60,000. The median home value in the 56571 zip code is $147,500.

There has been a significant increase in home equity and home prices in the Ottertail, MN 56571 zip code over the past several years. In 2007, the median home value was $130,000. By 2013, the median home value had increased to $147,500. This significant increase can be attributed to several factors including an increasing demand for housing within the Ottertail area and low interest rates that have made mortgages more affordable.

While there is certainly evidence of an increase in home values within the Ottertail area over recent years, it is important to keep in mind that this trend may not continue indefinitely. There are a number of factors that could cause prices to decline including a decrease in demand for housing or an increase in interest rates which would make mortgages more expensive to repay.