Housing in Underwood, MN

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

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$375,000

Median List Price

N/A

Price Per Sq Ft

$149

Days on Market

227

Active Inventory

N/A

Zillow Home Value

$317,444

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 7.8%List Price ↑ 22.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

93.8%

Buyer's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%New Listings ↑ 25.0%Pending ↑ 0.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$149

Sale $/SF ↓ 67.1%List $/SF ↑ 66.4%Mar 24 → Jan 26

Underwood vs Similar Cities

Source: Census ACS / Redfin (2023)

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

Median Home Value

47th%ilemost expensive$168,800show rank

Median Rent

56th%ilemost expensive rent$1,016show rank

Median Price Per Sq Ft

39th%ilemost expensive $/sqft$149show rank

Rent Burden

35th%ilehighest rent burden16.5%show rank

Census Housing Data

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

Median Home Value

$168,800

Median Rent

$1,016

Total Housing Units

205

Vacancy Rate

12.7%

Owner Occupied

84.4%

Renter Occupied

15.6%

Median Property Tax

$1,594

per year

Monthly Cost (w/ Mortgage)

$1,140

Housing Types

Single Family

91.2%

Multi-Family

7.3%

Mobile Home

1.5%

The current median sale price in Underwood, MN is $375,000 according to Redfin data. Homes spend a median of 227 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $149. The median rent is $1,016 per month (Census ACS). About 84.4% of housing units are owner-occupied. The median year homes were built is 1960. There are 205 total housing units.