Market Overview
Home Prices in Underwood, WA
The median home value in Underwood, WA is $799,278 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Underwood are priced95% above average. Underwood is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Underwood home values have risen by approximately11.7%, reflecting steady appreciation in this market.
Price History
Underwood Home Price Trend
City Comparison
Underwood vs. National Median
At $799,278, homes in Underwood cost 95% above the national median of $410,000. Buyers in Underwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Underwood?
20% Down Payment
$159,856
on $799,278
Monthly P&I
$4,169/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,295/mo
incl. taxes & insurance
Income Needed
$211,800
gross annual (30% rule)
10% Down Option
$79,928
+ PMI applies
Loan Amount (20% dn)
$639,422
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, WA?
The median home value in Underwood is $799,278 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3% year-over-year.
How much have home prices changed in Underwood?
Over the past year, home values in Underwood have decreased by 3%. Over five years, prices have risen approximately 11.7%.
How much do I need to earn to buy a home in Underwood?
To comfortably afford the median home price of $799,278 with a 20% down payment ($159,856) at today's rates (6.8%), you'd need a gross annual income of approximately $211,800. 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 $799,278, homes in Underwood are 95% above the national average.
What metro area is Underwood part of?
Underwood is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.