Cost of living in Otsego, MN — Housing, Rent & Index

The median home value in Otsego, MN is $427,669 as of 2026-04. That places Otsego above the US average for housing cost, with a cost index of approximately 120 versus a national baseline of 100.

Over the past 12 months, the median home value in Otsego has moved sideways, and over the past five years it has averaged +3.4% annual growth. The current price sits -0.5% from its 5-year peak in 2026-02.

Renters pay a median of $2,383 per month in Otsego. Rents have changed — over the last year and averaged — per year over five years.

Beyond housing, day-to-day costs in Otsego are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.