New Underwood, SD
Population 538 · South Dakota
About New Underwood, SD
New Underwood is a small community located in South Dakota with a population of 538 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,167 per year, which is 28% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Underwood features a median home value of $188,700, which is 23% below the national median of $244,900. This positions New Underwood in a moderately priced market relative to the rest of the country. Median monthly rent is $862, 26% below the national average of $1,163/month. Of the 222 total housing units, 69% are owner-occupied (111 units) and 31% are renter-occupied (49 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Underwood shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.5%, above the national average of 12.4%. Workers in New Underwood have an average one-way commute time of 24.8 minutes.
Education & Demographics
11.8% of New Underwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 11.9% White, 13.6% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in New Underwood, SD
Compared to national averages, New Underwood has a median household income of $54,167 (28% below the national median of $75,149). Home values average $188,700, which is 23% below the national median. Monthly rent at $862 is 26% below the US average of $1,163. Within South Dakota, New Underwood's income is 16% below the state average of $64,650, and home values are 31% above the state median of $143,757.
Why Live in New Underwood, SD?
New Underwood offers affordable housing with a median home value of $188,700, below the US average of $244,900, and rent that’s lower than the national average at $862/month, and short commute times averaging just 24.8 minutes.
Potential considerations include median household income ($54,167) that falls below the national average. However, New Underwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Underwood has a population of 538 with a median age of 38.6 years. Compare New Underwood with other cities to see how it stacks up, or explore all cities in South Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Underwood
What is the population of New Underwood, SD?
The population of New Underwood, SD is 538 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in New Underwood?
The median household income in New Underwood, SD is $54,167 per year, which is 28% below the national median of $75,149.
What is the median home value in New Underwood?
The median home value in New Underwood, SD is $188,700, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Underwood?
The median monthly rent in New Underwood, SD is $862, which is 26% below the national average of $1,163/month.
What is the unemployment rate in New Underwood?
The unemployment rate in New Underwood, SD is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Underwood, SD a good place to live?
New Underwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 538 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is New Underwood, SD?
11.8% of residents in New Underwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Underwood?
Key cost-of-living indicators for New Underwood, SD: median home value is $188,700 (23% below national), median rent is $862/month, and median household income is $54,167. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Underwood?
The poverty rate in New Underwood, SD is 23.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Underwood, SD?
New Underwood's population is 11.9% White, 13.6% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.6% two or more races. 1.7% of residents are foreign-born.