U.S. ZIP Code · MN56537
Otter Tail County
Appreciation
- 1-year
- +5.0%
- 5-year / yr
- +5.6%
- 10-year / yr
- +5.8%
Relative price
- vs U.S.
- -14.2%
- vs metro
- —
- vs state
- -18.1%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 56537 is worth $243,806. Over the past year, values have risen 5.0%. Homes here rent for a typical $938 a month — a 4.6% gross rental yield. The effective property tax rate is 0.7%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Otter Tail County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Relatively Low
- Drought
- Relatively Low
- Heat wave
- Relatively Low
- Hurricane
- Not Applicable
- Tornado
- Relatively Moderate
- Earthquake
- Very Low
- Winter weather
- Very High
#Who lives here
#Migration
Household moves in and out of Otter Tail County over a year, from IRS tax-return data.
- Net migration
- -168[5]
- Moved in
- 1,310
- Moved out
- 1,478
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 14
- Elementary
- 5
- Middle
- 3
- High
- 3
Kennedy Middle School
Middle · Grades 5–8 · FERGUS FALLS PUBLIC SCHOOL DISTRICT
756 students
Kennedy High School
High · Grades 9–12 · FERGUS FALLS PUBLIC SCHOOL DISTRICT
691 students
CLEVELAND ELEMENTARY
Elementary · Grades 2–4 · FERGUS FALLS PUBLIC SCHOOL DISTRICT
352 students
ADAMS ELEMENTARY
Elementary · Grades 1–2 · FERGUS FALLS PUBLIC SCHOOL DISTRICT
293 students
iQ Academy 9-12
High · Grades 9–12 · FERGUS FALLS PUBLIC SCHOOL DISTRICT
255 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Renting is meaningfully cheaper month-to-month.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 56537?
- The typical home in 56537 is worth $243,806, based on the Zillow Home Value Index.
- Are home values rising in 56537?
- Home values in 56537 are up 5.0% over the past year, and up 5.6% a year over five years.
- What is the typical rent in 56537?
- A typical home in 56537 rents for about $938 a month, a gross rental yield of 4.6%.
- What is the property tax rate in 56537?
- The effective property tax rate in 56537 is 0.7% — roughly $1,772 a year on a typical home.
- Who lives in 56537?
- ZIP code 56537 has a population of 19,856 and a median household income of $65,473.
Compare ZIPs
Pit ZIP 56537 against any other ZIP — full side-by-side table.
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