Home prices
The cost of the median home in Otsego is $261,600. Compared to its nearby areas it is about $16,680 (5%) lower.In comparison to the entire country it is about $44,100 (20%) higher, and in comparison to the city of Minneapolis is roughly $10,000 (3%) higher.
Rents
Otsego's median monthly rent is $1,362. In comparison to its nearby areas this is about $395 (40%) higher.Compared to the entire nation it is roughly $300 (28%) higher, and in comparison to the city of Minneapolis is roughly $335 (32%) higher.
Nearby places
Albertville
Albertville is Otsego's neighbor to the southwest. Its housing prices are pretty similar. The median home in Albertville costs $250,400, which comes out to $11,200 (4%) lower than Otsego. The rent there is significantly less expensive. The median monthly rent in Albertville is $970, which works out to $392 (40%) lower than Otsego.
Elk River
Elk River is Otsego's neighbor to the northeast. The housing prices there are somewhat less expensive. The median home value in Elk River is $241,400, which is $20,200 (8%) lower than Otsego. Rent there is a bit less expensive. Elk River's median monthly rent is $1,036, which works out to $326 (31%) lower than Otsego.
St. Michael
St. Michael is Otsego's neighbor to the southwest. Housing prices there are pretty similar. The median home value in St. Michael is $270,600, which comes out to $9,000 (3%) higher than Otsego. Its rents are somewhat less expensive. The median rent in St. Michael is $1,078 a month, which works out to $284 (26%) lower than Otsego.
Rogers
Rogers is Otsego's neighbor to the south. Housing prices there are a bit more expensive. Rogers's median home price is $331,200, which works out to $69,600 (21%) higher than Otsego. The rent there is somewhat less expensive. In Rogers the median monthly rent is $1,162, which comes out to $200 (17%) lower than Otsego.
Hanover
Hanover is approximately 6 miles south of Otsego. The real estate prices there are somewhat more expensive. The median home cost in Hanover is $297,800, which works out to $36,200 (12%) higher than Otsego. The rent there is substantially less expensive. Hanover's median rent is $589 per month, which works out to $773 (131%) lower than Otsego.
