Erhard, Otter Tail County, MN

Median Home Price Price

$294,559 $294.6K

Median Monthly Rent Rent

$1,037 $1K

24.0x

Market Snapshot

Erhard, Otter Tail County, MN is a city market with a median home price of $294,559, a median monthly rent of $1,037, a GRM of 24.0x, and a price-to-rent ratio of 23.7.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

03 Dalton, Otter Tail County, MN
Nearby alternative Higher GRM Lower rent
High confidence
Price $295.7K
Rent $932
GRM 26.0x
Explore the data
Region Show
Dalton
$296K $932 26.0x
Richville
$376K $1.0K 31.0x
Henning Explore deeper
$251K $986 21.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Ogema, Becker County, MN Explore deeper
$259K $834 26.0x
Embarrass, Saint Louis County, MN Explore deeper
$180K $1.4K 11.0x
Side Lake, Saint Louis County, MN
$306K $1.6K 16.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Merritt, Pamlico County, NC
$310K $1.0K 25.0x
Franklin, Macon County, NC
$289K $972 25.0x
Lake Luzerne, Warren County, NY Explore deeper
$293K $1.1K 21.0x

Home prices

Monthly rent

GRM = home price / annual rent

Erhard

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Benchmark comparison

Rent in Erhard, MN is 11.3% higher than Dalton, MN.

Compare to Dalton, MN
Erhard, MN
Dalton, MN
Delta
Median rent
$1,037
$932
-$105
Median price
$294,559
$295,665
+$1,106
YoY change
+$68
+$63
-$5
Price-to-rent
23.7x
26.4x
+2.7x

Key takeaways

  • Erhard, Otter Tail County, MN has a higher-grm screening profile: At 24.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $68 year over year.
  • Rent in Erhard, MN is 11.3% higher than Dalton, MN.