Otsego, MN Real Estate

According to census data in the year 2000 there were 2,117 housing units in Otsego.

Of those housing units, 1,279 were located in either urbanized areas or urban clusters, and 838 were located in what is classified as a rural area.

Homeownership rate in Otsego is about 96.6%. Otsego's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 3.08 people.

The majority of houses, apartments or condos in Otsego were built after 1979.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.90%
Two Bedrooms17.20%
Three Bedrooms45%
Four Bedrooms28.30%
Five Bedrooms or more5.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.11
Median year structure was built1979
Median Value of occupied units$132,700
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1939
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage12.80%
Home Equity Loan14.50%
Simple Mortgage62.50%
Debt Free9%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%