Real Estate Investing in Underwood, North Dakota

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1 ZIP codes • Population: 1,005 • McLean County

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Should you buy in Underwood, ND? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (79/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Underwood, ND?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $162,353
Avg Monthly Rent $783
ZIP Codes 1

Investing in Underwood Real Estate

Underwood in North Dakota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Underwood's 1 ZIPs, fundamentals run sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

decisively Underwood's sale market has not rewarded patience. better suited elsewhere for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

The 0% renter share in Underwood masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$162,353
Avg Monthly Rent
$783
1% Rule
✗ Below
Landlord Friendly (ND)

ZIP Codes in Underwood, ND

Screen every ZIP in Underwood

Filter Underwood’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Underwood, ND

What are home prices like in Underwood, ND?

The median home value in Underwood, ND is roughly $162K. That puts it reasonable relative to the ND statewide average.

Is Underwood, ND a good place for real estate investing?

Yes - Underwood, ND a 3.0/5 investability score. With $162K home prices against $783/mo monthly rent, the market delivers a reasonable entry point for new investors.

How strict are landlord regulations in Underwood, ND?

Underwood, ND operates under ND law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.

What is the typical rental rate in Underwood, ND?

The typical rental in Underwood, ND commands about $783/mo monthly. That rent profile reliable cash flow against the $162K purchase basis.

Is the tenant base reliable in Underwood, ND?

The renter base in Underwood, ND is reasonable for the $783/mo price point. Screening well and pricing to market typically yields consistent tenants.

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