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Otter Tail County, MN

Fergus Falls

RANK #118 / 996 NAT  ·  #1 / 18 MN  ·  POP 60,072

1YR FORECAST: +3.5%

5YR OUTLOOK: +35%

Our model projects Otter Tail County's housing market to grow +3.5% over the next year, significantly outpacing the national average.

[01] Why Otter Tail County?

Otter Tail County, Minnesota, distinguishes itself with over 1,000 lakes, more than any other county in the United States, defining its landscape and lifestyle. Located in west-central Minnesota, roughly three hours northwest of the Twin Cities and 45 minutes from Fargo, North Dakota, the area offers a relaxed, lakeside community feel. Towns like Fergus Falls, Pelican Rapids, and Battle Lake serve as hubs for residents and visitors. Commuting within the county is generally efficient, with an average travel time of around 20.7 minutes, and public transit, Otter Express, offers door-to-door service in several communities. The county's natural scenery includes rolling hills, prairies, and forests, with ample opportunities for outdoor recreation in its numerous lakes, two state parks—Glendalough and Maplewood—and extensive trail systems.

Life in Otter Tail County is characterized by a strong sense of community and a focus on outdoor activities. The public school system is rated above average, with several top-ranked elementary and high schools. The economy is supported by sectors such as healthcare, manufacturing, and retail trade. Recent economic developments include initiatives to address housing shortages and expand childcare options, reflecting efforts to attract new residents and support families. The county also focuses on business development and retention, offering resources for start-up and expanding businesses, including those in housing development and agriculture.

[02] Market Snapshot

Housing Ratio
5.6x

Above national median (4.7x)

GDP Growth
+2.2%

Below national median

Home Prices
+4.4%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
25x

Speculative pricing

Housing is fairly valued at 5.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Lake Region Healthcare Healthcare
    500+
  2. 2
    Astera Health (formerly Tri-County Health Care) Healthcare
    250+
  3. 3
    Arvig Technology
  4. 4
    Otter Tail County Government Government
  5. 5
    Minnesota State Community and Technical College (M State) Education
  6. 6
    Perham Health Healthcare
  7. 7
    Lake Region Electric Cooperative Energy
  8. 8
    1st National Bank Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Otter Tail County U.S. National

The Numbers

DEMOGRAPHICS
Population
60,072
+0.58% YoY
Median Household Income
$67,990
Median Home Value
$234,200
+4.43% 12mo
Median Rent
$769
Average Annual Pay
$52,013
+4.4% YoY
Employment
22,910
+0.9% YoY
Income-to-Home-Value
0.2903
More affordable than average
Migration Inflow
2.87%
of pop. from another state
Bachelor's Degree+
26.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$224,301
Days on Market
96
Slower market
Months of Supply
6.3
Buyer's market
Sale-to-List Ratio
96.0%
Negotiation room for buyers
Sold Above List
8.3%
Listings w/ Price Drops
9.9%
Building Permits (2024)
89
Single-Family Permits
71

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.7
per 100K · nat avg 6.3
Firearm Fatalities
15.2
per 100K · nat avg 14.8
Injury Deaths
76.5
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$306M
TOTAL
PROJECT AMOUNT STATUS
The Big Build Housing Initiative
Otter Tail County Community Development Agency (CDA)
$94M Ongoing
Hoot Lake Battery Storage Project
Otter Tail Corporation (Otter Tail Power Company)
$75M Planned
Hoot Lake Solar
Otter Tail Power Company
$62M Operating
Solway Solar
Otter Tail Power Company
$50M Under Construction
2025 Road and Bridge Construction Projects
Otter Tail County
$25M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +2.2% 40 percentile
Population Growth +0.6% 56 percentile
Income Growth +6.9% 17 percentile
Vacancy Rate 0.8% 71 percentile
Home Price Change +4.4% 86 percentile
Price/Rent 25x 1 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Otter Tail County, MN a good place to move to?

Otter Tail County ranks #118 out of 996 U.S. counties on the Boom Town Index with a score of 88/100, putting it in the top tier nationally. Job growth of +0.9% and a median household income of $67,990 point to a county with active economic momentum.

Is Otter Tail County affordable?

Housing in Otter Tail County is roughly in line with national affordability norms. The median home costs $234,200 and the income-to-home-value ratio sits at 0.29, with rents averaging $769/month. Not a bargain, but not a stretch for most local earners either.

Is Otter Tail County growing or shrinking?

Otter Tail County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.9%). Home values shifted +4.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Otter Tail County?

There's a moderate stream of newcomers. About 2.87% of residents moved from another state, which is above average and suggests Otter Tail County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Sherburne County, MN 80 Blue Earth County, MN 79 St. Louis County, MN 76 Crow Wing County, MN 75 Clay County, MN 71 Chisago County, MN 70 Lowndes County, MS 88 Box Elder County, UT 88