Housing in Underwood, IA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$265,000

Median List Price

N/A

Price Per Sq Ft

$124

Days on Market

Active Inventory

N/A

Zillow Home Value

$368,844

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 57.7%List Price ↓ 35.4%Mar 24 → Nov 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%New Listings ↑ 0.0%Pending ↑ 0.0%Mar 24 → Nov 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$124

Sale $/SF ↓ 2.4%List $/SF ↓ 0.8%Mar 24 → Nov 25

Underwood vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Underwood is highlighted.

Median Home Value

63rd%ilemost expensive$227,400show rank

Median Rent

33rd%ilemost expensive rent$819show rank

Median Price Per Sq Ft

27th%ilemost expensive $/sqft$124show rank

Rent Burden

5th%ilehighest rent burden10.9%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$227,400

Median Rent

$819

Total Housing Units

363

Vacancy Rate

4.1%

Owner Occupied

80.8%

Renter Occupied

19.3%

Median Property Tax

$3,433

per year

Monthly Cost (w/ Mortgage)

$1,170

Housing Types

Single Family

85.1%

Multi-Family

14.9%

Mobile Home

0.0%

The current median sale price in Underwood, IA is $265,000 according to Redfin data. Homes spend a median of 74 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $124. The median rent is $819 per month (Census ACS). About 80.8% of housing units are owner-occupied. The median year homes were built is 1980. There are 363 total housing units.