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Single Family ResidenceResidential
$303,869$286 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

40923 506TH ST

FRAZEE, MN 56544
1
Baths
1,064 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1978
Year BuiltThe year the home was originally built, according to county records.

Valuation

$304K
$279K low$329K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$53 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$3,500 (2026)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$3,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$3,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$3,500

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.45
79
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
29
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
46
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
44
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
31
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.67 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyOTTER TAIL
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Frazee Secondary SchoolC-
Middle · Grades 7–12 · 3.7 mi
E
Frazee Elementary SchoolB+
Elementary · Grades PK–6 · 3.9 mi

District: Frazee-Vergas Public School District

Neighborhood · ZIP 56544These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.15

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.75%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.5,654
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.28 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$72,543
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$91,214
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.25 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

40923 506th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Smaller than 68% of homes in Frazee 56544

What homes are worth in Frazee 56544

Each bar is how many homes fall in that price range. The marker is this home.

This home
$78K$844K

This home is worth more than 45% of homes in Frazee 56544.

How it measures up in Frazee 56544

The dot is this home. The mark in the middle is the typical home in Frazee 56544.

Estimated value$303,869
CheaperTypical $322,796Pricier

Pricier than 45% of homes nearby

Price per ft²$286
CheaperTypical $254Pricier

Pricier than 59% of homes nearby

Living area1,064 ft²
SmallerTypical 1,288 ft²Bigger

Bigger than 32% of homes nearby

Year built1978
OlderTypical 1981Newer

Newer than 47% of homes nearby

How 40923 506th St ranks against every home in each area.
MeasureThis homeFrazee 56544Otter Tail County
Estimated valuepricier than$303,86945% of homes48% of homes
Price per ft²pricier than$28659% of homes42% of homes
Living areabigger than1,064 ft²32% of homes55% of homes
Year builtnewer than197847% of homes49% of homes

About 40923 506th St

How much is 40923 506th St, Frazee, MN worth?

The TopHap Estimate for 40923 506th St, Frazee, MN is $303,869 as of Sep 24, 2026. The likely range is $278,609 to $329,129. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40923 506th St, Frazee, MN last sell?

40923 506th St, Frazee, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 40923 506th St, Frazee, MN?

40923 506th St, Frazee, MN has 1 bathrooms and 1,064 square feet of living space.

When was 40923 506th St, Frazee, MN built?

40923 506th St, Frazee, MN was built in 1978, making it 48 years old.

What schools serve 40923 506th St, Frazee, MN?

40923 506th St, Frazee, MN is assigned to Frazee Secondary School (middle), rated C-; Frazee Elementary School (elementary), rated B+. All sit in Frazee-Vergas Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40923 506th St, Frazee, MN compare to other homes in Frazee 56544?

Among the 3,371 homes in Frazee 56544, it is worth more than 45% of them ($303,869 against a typical $322,796), its price per square foot is higher than 59% of them ($286 against a typical $254), it is bigger than 32% of them (1,064 ft² against a typical 1,288 ft²) and it is newer than 47% of them (1978 against a typical 1981). Measured against all of Otter Tail County, it is worth more than 48% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40923 506th St, Frazee, MN?

The 2025 property tax bill for 40923 506th St, Frazee, MN was $53. The county assessed it at $3,500.

Closest homes

More homes in Frazee 56544

Assigned schools

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