56324 — Otter Tail County, Minnesota Market Snapshot
Housing market data for zip code 56324 in Otter Tail County, Minnesota. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 3 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Otter Tail County county page for broader data.
Market Sales Data
3 sales in 2026 (year to date)
Median Sale Price
$459,900
Days to Sell
21
Homes Sold
3
Inventory
3
Conforming Loan Available
Most homebuyers in 56324 can comfortably use conventional financing. The median home price of $459,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 56324 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Conforming Loan Feasibility
Most homebuyers in 56324 can comfortably use conventional financing. The median home price of $459,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 56324 are set at the county level.
2026 Loan Limits — Otter Tail County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 56324
To purchase the median home at $459,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,674.
Monthly Payment
$3,674
Income Required
$157,440
Principal & Interest
$2,834/mo
Down Payment (5%)
$22,995
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 56324.
Estimated Monthly Payment
$2,996
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