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Deerwood, MN

Full City Profile · Minnesota · Aitkin County County

3.3 /5.0
B Good
649 Population 436/sq mi density
$62,679 Median Income $30,013 per capita
$214,700 Home Value $410,740 Zillow
$920 Median Rent 23.9% income on rent
41°F Avg Temperature 276 sunny days/yr
254 Violent Crime/100K 4,191 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$62,679 median income, 2.7% unemployment
A+
Affordability
4.8 / 5.0
$214,700 home value, $920/mo rent
F
Safety
1.0 / 5.0
254 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)
$410,740
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

56.4%
Owner-Occupied
43.6%
Renter-Occupied
56%
44%
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)$410,740

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-Occupied56.4%
Renter-Occupied43.6%
Homeownership Rate56.4%
Total Housing Units298
Median Year Built1977
Rent Burden23.9%