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Otter Tail, MN · ZIP 56551 · Census Tract 27111961300 · 2027–2030 outlook · Forecasts as of March 2026
Current modeled value
$239K
Downside (P10)
$176K
-26% by 2030
Base Case (P50)
$240K
+0% by 2030
Upside (P90)
$355K
+49% by 2030
Base case: +0% by 2030, with a forecast range from -26% to +49%. The model forecasts this with 59% confidence.
| Year | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Median Value | $239K | $243K | $248K | $240K |
| YoY Change | +1.6% | +2.3% | -3.4% | |
| Downside (P10) | $199K | $193K | $176K | |
| Upside (P90) | $295K | $332K | $355K |
The forecast range is wider than average for this market, indicating lower confidence. Short-term confidence is moderate but expands significantly by 2030 — outcomes could vary meaningfully.
1-Year Spread
$199K to $295K
39.4% of median
5-Year Spread
$176K to $355K
74.5% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Inman area | $237K | $240K | +1.2% | |
| Minneapolis (Tract 100200) | $238K | $274K | +14.7% | |
| Minneapolis (Tract 104400) | $239K | $271K | +13.2% | |
| Burnsville | $239K | $257K | +7.6% | |
| Elmo area | $239K | $256K | +6.9% | |
| Moorhead | $239K | $255K | +6.8% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Inman area | $237K | $240K | +1.2% | |
| Minneapolis (Tract 003801) | $355K | $437K | +23.0% | |
| Richfield | $365K | $448K | +22.6% | |
| Minneapolis (Tract 111200) | $588K | $717K | +21.8% | |
| Eureka area | $497K | $600K | +20.9% | |
| Fenton area | $173K | $208K | +20.7% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Inman area | $237K | $240K | $178K | |
| Northeast Itasca area | $113K | $123K | $61K | |
| Brush Creek area | $105K | $116K | $61K | |
| Clark | $112K | $120K | $58K | |
| Upper Red Lake area | $107K | $122K | $55K | |
| Albert Lea area | $103K | $111K | $54K |
Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.
Model
Homecastr World Model (Schrödinger Bridge v12)
Forecast Horizon
2027 to 2030
Schema Version
forecast_queue
Citation
Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.
Data Sources
Deep dive into property-level home price forecasts for parcels in this area.