Minnesota
Otter Tail County
ZIP 56588
60,281 residents98 permits TTM$70,912 median HHI20 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$252,500
ACS 5-Year
Cap rate proxy
3.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.6%
HUD FMR ÷ ACS HHI
Net migration
+1.29%
IRS SOI
Permits (TTM)
98
Census BPS
Climate risk
79.4
FEMA NRI (0–100)
ZIP 56588
Median home value
—
Gross yield
—
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 4.7R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown20 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 56537 | — | — | — | 0.5 | — |
| 56551 | — | — | — | 0.4 | — |
| 56361 | — | — | — | 0.4 | — |
| 56567 | — | — | — | 0.4 | — |
| 56324 | — | — | — | 0.3 | — |
| 56534 | — | — | — | 0.2 | — |
| 56586 | — | — | — | 0.2 | — |
| 56573 | — | — | — | 0.2 | — |
| 56571 | — | — | — | 0.2 | — |
| 56572 | $252,500 | $980 | 4.7% | 0.1 | 21.7% |
| 56587 | — | — | — | 0.1 | — |
| 56528 | — | — | — | 0.1 | — |
| 56515 | — | — | — | 0.1 | — |
| 56453 | — | — | — | — | — |
| 56518 | — | — | — | — | — |
| 56524 | — | — | — | — | — |
| 56527 | — | — | — | — | — |
| 56533 | — | — | — | — | — |
| 56576 | — | — | — | — | — |
| 56588 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
79.2%
Census ACS
Vacancy rate
31.3%
Census ACS
Bachelor's degree +
27.4%
Census ACS
Rent burdened
38.0%
Census ACS (>30% income)
Median age
46.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026