Market Overview
Home Prices in Underwood, ND
The median home value in Underwood, ND is $159,328 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Underwood are priced61% below average.
Over the past five years, Underwood home values have risen by approximately19.9%, reflecting steady appreciation in this market.
Price History
Underwood Home Price Trend
2020
$124,879
$125K
—
2021
$132,856
$133K
+6.4%
2022
$143,435
$143K
+8.0%
2023
$145,987
$146K
+1.8%
2024
$148,874
$149K
+2.0%
2025
$158,651
$159K
+6.6%
2026
$159,328
$159K
+0.4%
City Comparison
Underwood vs. National Median
🏠 Underwood
$159,328
National Median
$410,000
At $159,328, homes in Underwood cost 61% below the national median of $410,000. This makes Underwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Underwood?
20% Down Payment
$31,866
on $159,328
Monthly P&I
$831/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,055/mo
incl. taxes & insurance
Income Needed
$42,200
gross annual (30% rule)
10% Down Option
$15,933
+ PMI applies
Loan Amount (20% dn)
$127,462
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Underwood, ND?
The median home value in Underwood is $159,328 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Underwood?
Over the past year, home values in Underwood have increased by 0.4%. Over five years, prices have risen approximately 19.9%.
How much do I need to earn to buy a home in Underwood?
To comfortably afford the median home price of $159,328 with a 20% down payment ($31,866) at today's rates (6.8%), you'd need a gross annual income of approximately $42,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Underwood compare to the national average home price?
The national median home value is approximately $410,000. At $159,328, homes in Underwood are 61% below the national average.