House Prices

House Prices & Home Values Underwood, MN 2026


Average Data

average house price$278,743
average size per house1962 ft²
average price per ft²143 $ / ft²

04/04/2026 - The value range (VR) for house prices in Underwood, MN is $147/ sqft to $147/ sqft. An average home with 1962 sqft costs approximately $288,414 to $288,414. Underwood, MN includes 1 ZIP codes and it is located in Otter Tail county. The lowest prices are found in ZIP 56586, while the highest are in ZIP 56586. The average price per sqare feet is $143. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Underwood

56586157 $ / ft²




Historical development of home values in Underwood

Year Estimated value (USD) Change vs. 2025
2010 $129,453 -53.6%
2011 $124,447 -55.4%
2012 $124,112 -55.5%
2013 $128,751 -53.8%
2014 $135,153 -51.5%
2015 $142,090 -49.0%
2016 $149,505 -46.4%
2017 $157,574 -43.5%
2018 $166,286 -40.3%
2019 $173,996 -37.6%
2020 $182,991 -34.4%
2021 $208,133 -25.3%
2022 $242,636 -13.0%
2023 $255,871 -8.2%
2024 $270,674 -2.9%
2025 $278,743 0.0%

Graph: estimated home values in Underwood over time (USD)



Example: 100% financing house in Underwood

Loan amount: $278,743

Interest rate: 6.00%

Fixed monthly payment: $1,671.21

Breakdown in the 1st month:
Interest portion: $1,393.72  –  Principal portion: $277.49

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $16,631.46 $3,423.00 $275,320.00
2 $16,420.34 $3,634.12 $271,685.88
3 $16,196.20 $3,858.26 $267,827.62
4 $15,958.23 $4,096.23 $263,731.39
5 $15,705.58 $4,348.88 $259,382.51
6 $15,437.35 $4,617.11 $254,765.40
7 $15,152.58 $4,901.88 $249,863.51
8 $14,850.24 $5,204.22 $244,659.29
9 $14,529.26 $5,525.21 $239,134.09
10 $14,188.47 $5,865.99 $233,268.10
11 $13,826.67 $6,227.79 $227,040.31
12 $13,442.56 $6,611.91 $220,428.41
13 $13,034.75 $7,019.71 $213,408.69
14 $12,601.79 $7,452.67 $205,956.02
15 $12,142.12 $7,912.34 $198,043.68
16 $11,654.11 $8,400.35 $189,643.33
17 $11,135.99 $8,918.47 $180,724.86
18 $10,585.92 $9,468.54 $171,256.32
19 $10,001.92 $10,052.54 $161,203.78
20 $9,381.90 $10,672.56 $150,531.22
21 $8,723.64 $11,330.82 $139,200.40
22 $8,024.78 $12,029.68 $127,170.72
23 $7,282.82 $12,771.64 $114,399.08
24 $6,495.09 $13,559.37 $100,839.70
25 $5,658.78 $14,395.68 $86,444.02
26 $4,770.88 $15,283.58 $71,160.45
27 $3,828.23 $16,226.23 $54,934.21
28 $2,827.43 $17,227.03 $37,707.18
29 $1,764.90 $18,289.56 $19,417.62
30 $636.84 $19,417.62 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Underwood, MN


1500 sqft3900 sqft
Ø selling price$259,546$552,123
Ø fast selling$235,951$496,911
Ø high price sale$283,140$607,336

In 2026, houses in Underwood, MN will be offered at an average price of $143 per square foot. A 1,500 sqft home priced at $259,546 is 24.54% more expensive per square foot than a 3,900 sqft home priced at $552,123. Home prices in Underwood, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $382,240. Sellers who can wait longer may achieve a higher price of up to $467,182.


Discover Underwood, MN

Underwood, MN is a welcoming city in Otter Tail County celebrated for its small-town charm and easy access to hundreds of lakes. Located along State Highway 210, Underwood, Minnesota offers convenient connections to Fergus Falls and the wider west-central region. The town blends rich agricultural roots with a growing community of entrepreneurs and vibrant local businesses.

Things to Do

Outdoor lovers enjoy year-round recreation, from fishing and boating on nearby lakes to hiking, birding, and snow sports on scenic trails.
Families appreciate quality schools, safe neighborhoods, and friendly parks that host playgrounds, ball fields, and seasonal events. Historic sites and community festivals share the area?s pioneer history while bringing neighbors and visitors together. After a day outside, savor local restaurants, cafes, and markets that highlight Minnesota flavors and farm-to-table fare.

Living and Visiting

Real estate options range from classic in-town homes to lake cabins and acreage properties ideal for retreats or year-round living. Tourism services, lodging, and outfitters make planning a weekend getaway simple, whether you?re chasing walleyes or autumn colors. Visit Underwood to experience authentic community spirit, beautiful prairie-and-lake landscapes, and a relaxed pace that feels like home.



FAQ – Home Values in Underwood

What is the median home value in Underwood in 2026?

In 2026, the typical home value in Underwood is about $278,743 for an average home size of 1962 square feet. This corresponds to an average price of roughly $143 per square foot.

What is the average cost per square foot in Underwood?

In 2026, homes in Underwood sell for an average of around $143 per square foot, with a typical range between $147 and $147 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Underwood is about 1962 square feet, with an estimated 2026 value around $278,743.



Locations close to Underwood, MN

Vergas, MN213 $ / ft²
Vining, MN101 $ / ft²
Waubun, MN81 $ / ft²
Ulen, MN65 $ / ft²
Twin Valley, MN33 $ / ft²
Tintah, MN131 $ / ft²
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