Housing in Underwood, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$242,049
Underwood vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Underwood is highlighted.
Median Home Value
51st%ilemost expensive$181,300show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$181,300
Median Rent
N/A
Total Housing Units
320
Vacancy Rate
0.0%
Owner Occupied
89.7%
Renter Occupied
10.3%
Median Property Tax
$1,156
per year
Monthly Cost (w/ Mortgage)
$1,059
Housing Types
Single Family82.2%
Multi-Family0.0%
Mobile Home17.8%
The median home value in Underwood, IN is $181,300. According to Zillow, the home value index for Underwood is $242,049. About 89.7% of housing units are owner-occupied. The median year homes were built is 1978. There are 320 total housing units.