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Vergas 56587

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Minnesota
$340K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
10
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$338K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
AprJul
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
AprJul
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
AprJul
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
AprJul
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
AprJul
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
AprJul
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
2022202420252026

Housing Stock

HomesHow many homes we have records for in this area.1,773
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$338K
Median sizeThe middle home size here, measured in square feet.984 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1992
Single familyThe share of homes here that are single-family houses.74%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.20%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.45%
Company ownedThe share of homes owned by a company or trust instead of a person.9.6%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.80%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese 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.134
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.83
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.17

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.50%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.1,646
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.25 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$79K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$95K
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%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Vergas 56587 compares

By median home value, Vergas 56587 is the 5th most expensive of 19 ZIP codes in Otter Tail County, and its typical home is worth more than 62% of all homes in Otter Tail County.

Home values in Vergas 56587

Share of homes at each estimated value.

Median
$88K$966K
ZIP codes in Otter Tail County ranked by median home value
#Otter Tail CountyMedian valueHomes
1Pelican Rapids 56572$375K5,533
2Battle Lake 56515$359K4,231
3Richville 56576$359K1,353
4Dent 56528$344K2,626
5Vergas 56587$338K1,773
6Ottertail 56571$309K2,785
7Perham 56573$307K4,501
8Clitherall 56524$307K1,112
9Erhard 56534$302K879
10Underwood 56586$285K1,855
11Vining 56588$278K510
12Dalton 56324$271K854
13Fergus Falls 56537$247K8,871
14Henning 56551$234K1,773
15New York Mills 56567$230K1,850
16Parkers Prairie 56361$201K1,523
17Elizabeth 56533$195K192
18Bluffton 56518$187K189
19Deer Creek 56527$180K476

About the Vergas 56587 market

What is the median home price in Vergas 56587, MN?

The median sale price in Vergas 56587, MN is $340,300 (data through July 2026), based on deeds recorded with the county.

How many homes sell in Vergas 56587, MN each year?

10 homes sold in Vergas 56587, MN over the last 12 months (data through July 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Vergas 56587, MN?

Vergas 56587, MN contains 1,773 residential properties, with a median of 984 square feet, 3 bedrooms, built around 1992. The median TopHap Estimate is $338K.

How does Vergas 56587, MN compare to the rest of Otter Tail County?

By median home value, Vergas 56587, MN is the 5th most expensive of 19 ZIP codes in Otter Tail County. Its typical home is worth more than 62% of all homes in Otter Tail County. Dent 56528 ranks just above it and Ottertail 56571 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Vergas 56587, MN?

45% of homes in Vergas 56587, MN are owner-occupied. 10% are held by a company rather than an individual.

How much equity do owners in Vergas 56587, MN hold?

20% of mortgaged homes in Vergas 56587, MN are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

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Explore Vergas 56587 on the map

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