Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.1 yrs |
|---|---|
| Avg HH Size | 2.26 |
| Below Poverty | 6.8% ▼ 32% below avg |
| College Grads | 44.9% ▲ 16% above avg |
| Unemployment | 2.8% ▼ 43% below avg |
| No HS Diploma | 2 (0.2%) |
| HS Graduate | 382 (29.4%) |
| Some College | 142 (10.9%) |
| Associates | 190 (14.6%) |
| Bachelors | 218 (16.8%) |
| Graduate Degree | 366 (28.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,333 ▲ 8% above avg |
|---|---|
| Median Home Value | $283,500 ≈ Avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,021/mo |
| Total Housing Units | 1,310 |
| Vacant Units | 514 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Underwood is a city in Minnesota, located in Otter Tail County. The city spans 1 ZIP code and is home to approximately 1,798 residents. It is an older city, with a median age of 55.1 years.
Economically, Underwood is a middle-income community. The median household income of $82,333 is near the national average. Approximately 6.8% of residents live below the poverty line. The unemployment rate is 2.8%, below the national average.
The real estate market in Underwood is a mid-range housing market. Median home values stand at $283,500, which is near the national average. Renters typically pay around $1,021 per month. Homeownership is high at 93.8%, typical of suburban and family-oriented communities.
The population of Underwood is well-educated. 44.9% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.94%).
Underwood, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56586 | 1,798 | $82,333 | $283,500 | $1,021 | 2.8% | 44.9% | 93.8% |