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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 $318,044, lower than the Minnesota average of $345,793.
The average cost of rent is $900/mo in Underwood, primarily driven by the current value of real estate in the Underwood area. In Underwood, 5.25% of households rent, and 46.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Underwood is $7,136 per month. Households that rent pay about 12.62% of their income on rent here. Underwood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Phelps, MN: higher priced homes
- Battle Lake, MN: higher priced homes
- Fergus Falls, MN: less expensive homes
- Dalton, MN: equally priced homes
- Clitherall, MN: equally priced homes
- Elizabeth, MN: equally priced homes
- Richville, MN: equally priced homes
- Erhard, MN: less expensive homes
- Ashby, MN: less expensive homes
- Vining, MN: equally priced homes
Cities with Similar Populations
- Atkinson, NE: less expensive homes
- Wyoming, DE: equally priced homes
- Warrensville, NC: less expensive homes
- Stewart Manor, NY: higher priced homes
- Stanchfield, MN: higher priced homes
- Laurium, MI: less expensive homes
- Island Heights, NJ: higher priced homes
- Hubbard, TX: less expensive homes
- Depauw, IN: less expensive homes
- Corinna, ME: less expensive homes
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