Deerwood, MN
Full City Profile · Minnesota · Aitkin County County
3.5
/5.0
B+
Good
649
Population
436/sq mi density
$62,679
Median Income
$30,013 per capita
$214,700
Home Value
$439,996 Zillow
$920
Median Rent
23.9% income on rent
42°F
Avg Temperature
173
Violent Crime/100K
0 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$62,679 median income, 4.6% unemployment
A+
Affordability
4.8 / 5.0
$214,700 home value, $920/mo rent
C
Safety
2.0 / 5.0
173 violent crimes/100K
B
Education
3.4 / 5.0
30.5% bachelor's degree or higher
Housing Overview
Median Home Value
$214,700
24% below
US avg: $281,900
Median Rent
$920/mo
21% below
US avg: $1,163/mo
Homeownership Rate
56.4%
14% below US avg (65.4%)
Total Housing Units
298
Median year built: 1977
Home Value by Source
Census Median
$214,700
Zillow (ZHVI)
$439,996
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.4%
Owner-Occupied
43.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$920/mo
Affordability & Housing Stock
Rent Burden
23.9%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
56.4%
Complete Housing Data
Home Values
| Census Median Value | $214,700 |
| Zillow Home Value (ZHVI) | $439,996 |
Rent
| Census Median Rent | $920 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 56.4% |
| Renter-Occupied | 43.6% |
| Homeownership Rate | 56.4% |
| Total Housing Units | 298 |
| Median Year Built | 1977 |
| Rent Burden | 23.9% |