Underwood, IA
Population 977 · Iowa
About Underwood, IA
Underwood is a small community in Iowa with a population of 977 residents. The median household income is $90,556 per year, which is above the national average. The median age in Underwood is 29.5 years.
Housing in Underwood has a median home value of $227,400 and median monthly rent of $819. Of the 363 total housing units, the majority are owner-occupied, with 281 owner-occupied and 67 renter-occupied units.
The unemployment rate in Underwood is 1.7% and the poverty rate is 2.5%. 32.6% of residents hold a bachelor's degree or higher. The average commute time is 25.1 minutes.
Cost of Living in Underwood, IA
Compared to national averages, Underwood has a median household income of $90,556 (21% above the national median of $75,149). Home values average $227,400, which is 7% below the national median. Monthly rent at $819 is 30% below the US average of $1,163. Within Iowa, Underwood's income is 33% above the state average of $67,947, and home values are 72% above the state median of $132,237.
Why Live in Underwood, IA?
Underwood offers a strong local economy with a median household income of $90,556, well above the national average, and affordable housing with a median home value of $227,400, below the US average of $244,900, and rent that’s lower than the national average at $819/month. Additionally, the city features a strong job market with an unemployment rate of just 1.7%, and a low poverty rate of 2.5%, better than the national average.
Underwood has a population of 977 with a median age of 29.5 years. Compare Underwood with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Underwood
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Calmar | 980 | $81,583 | $194,600 | Compare |
| Elk Run Heights | 968 | $68,828 | $169,400 | Compare |
| Danville | 966 | $82,917 | $148,600 | Compare |
| Primghar | 965 | $77,813 | $135,500 | Compare |
| Afton | 991 | $57,232 | $99,700 | Compare |
| Mapleton | 997 | $52,955 | $116,400 | Compare |
| Gladbrook | 998 | $63,125 | $117,200 | Compare |
| Buffalo Center | 1,000 | $49,474 | $93,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Underwood
What is the population of Underwood, IA?
The population of Underwood, IA is 977 according to the latest Census data.
What is the median household income in Underwood?
The median household income in Underwood, IA is $90,556 per year.
What is the median home value in Underwood?
The median home value in Underwood, IA is $227,400.
What is the average rent in Underwood?
The median monthly rent in Underwood, IA is $819.
What is the unemployment rate in Underwood?
The unemployment rate in Underwood, IA is 1.7%.