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These days, finding an affordable place to live in the Underwood area can be challenging. Home prices in Underwood are now at a median cost of $273,731, higher than the Iowa average of $226,062.
The average cost of rent is $1,002/mo in Underwood, primarily driven by the current value of real estate in the Underwood area. In Underwood, 12.84% of households rent, and 39.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Underwood is $8,852 per month. Households that rent pay about 11.32% of their income on rent here. Underwood’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McClelland, IA: higher priced homes
- Weston, IA: higher priced homes
- Neola, IA: less expensive homes
- Honey Creek, IA: higher priced homes
- Crescent, IA: higher priced homes
- Minden, IA: less expensive homes
- Treynor, IA: higher priced homes
- Loveland, IA: higher priced homes
- Council Bluffs, IA: less expensive homes
- Carter Lake, IA: less expensive homes
Cities with Similar Populations
- Wind Point, WI: equally priced homes
- Trevorton, PA: less expensive homes
- Tye, TX: less expensive homes
- Volcano, CA: higher priced homes
- Dobbin, TX: higher priced homes
- Deputy, IN: less expensive homes
- Westpoint, IN: equally priced homes
- China, ME: less expensive homes
- Center Strafford, NH: higher priced homes
- Cedarhurst, CT: higher priced homes
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