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RentData.org Logo Otter Tail County Fair Market Rent FY 2014 Otter Tail County, MN Rental Data

Fair Market Rent Prices in Otter Tail County, MN :
$424 $507 $637 $910 $935
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Otter Tail County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Otter Tail County is $637 per month.

The previous year, rent for a two-bedroom home was $626 per month. This is a 1.76% increase year-over-year.

This FMR rate applies to Tintah, MN, Bluffton, MN, Elizabeth, MN, Vining, MN, Clitherall, MN, Hewitt, MN, Deer Creek, MN, Richville, MN, Bertha, MN, Rothsay, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27111N27111.

Additionally, This Fair Market Rent (FMR) area Otter Tail County, MN spans one county or city in which is listed in the table below. Estimated population of Otter Tail County, MN FMR area is 57,303 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Otter Tail County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Otter Tail County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 424
1-BR 1-Bedroom $ 507
2-BR 2-Bedroom $ 637
3-BR 3-Bedroom $ 910
4-BR 4-Bedroom $ 935
Change Year:

There is just one county (listed below) within the Otter Tail County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Minneapolis - St. Paul and Fargo - Valley City.

County / Region Est. Population
Otter Tail County, MN 57,303
Zip Codes in Otter Tail County, MN

There are 21 unique zip codes in this Fair Market Rent (FMR) area:

56437, 56453, 56482, 56515, 56518, 56524, 56527, 56528, 56533, 56534, 56537, 56551, 56567, 56571, 56573, 56576, 56579, 56583, 56586, 56587 and 56588

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