All Countries
Underwood, MN
Full City Profile · Minnesota · Otter Tail County County
3.3
/5.0
B
Good
437
Population
741/sq mi density
$73,750
Median Income
$31,988 per capita
$168,800
Home Value
$321,529 Zillow
$1,016
Median Rent
21.3% income on rent
41°F
Avg Temperature
276 sunny days/yr
321
Violent Crime/100K
3,543 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$73,750 median income, 1.8% unemployment
A+
Affordability
5.0 / 5.0
$168,800 home value, $1,016/mo rent
F
Safety
1.0 / 5.0
321 violent crimes/100K
B
Education
3.1 / 5.0
25.9% bachelor's degree or higher
Housing Overview
Median Home Value
$168,800
40% below
US avg: $281,900
Median Rent
$1,016/mo
13% below
US avg: $1,163/mo
Homeownership Rate
84.4%
29% above US avg (65.4%)
Total Housing Units
198
Median year built: 1962
Home Value by Source
Census Median
$168,800
Zillow (ZHVI)
$321,529
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.4%
Owner-Occupied
15.6%
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:
$1,016/mo
Affordability & Housing Stock
Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
84.4%
Complete Housing Data
Home Values
| Census Median Value | $168,800 |
| Zillow Home Value (ZHVI) | $321,529 |
Rent
| Census Median Rent | $1,016 |
| 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 | 84.4% |
| Renter-Occupied | 15.6% |
| Homeownership Rate | 84.4% |
| Total Housing Units | 198 |
| Median Year Built | 1962 |
| Rent Burden | 21.3% |