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Real Estate Prices & Overview

Underwood median real estate price is $399,225, which is more expensive than 63.8% of the neighborhoods in Minnesota and 55.0% of the neighborhoods in the U.S.

The average rental price in Underwood is currently $1,414, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.8% of Minnesota neighborhoods.

Underwood is a remote neighborhood (based on population density) located in Battle Lake, Minnesota.

Underwood real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Underwood neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Underwood. The current real estate vacancy rate here is 40.3%. This is higher than the rate of vacancies in 97.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (38.3%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

If you are planning to retire in Minnesota, this neighborhood should be on your must-see list. For many reasons, Underwood may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Minnesota, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.2% of neighborhoods in MN. If a Minnesota retirement is in your future, this neighborhood should be one of the places you visit.

Real Estate

Despite all of the residential real estate here in the Underwood neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 40.3%, which is higher than 97.5% of all U.S. neighborhoods.

In addition, one of the notable things about Underwood is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

Diversity

Did you know that the Underwood neighborhood has more Norwegian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.3% of this neighborhood's residents have Norwegian ancestry and 10.5% have Swedish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Underwood neighborhood in Battle Lake are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 53.6% of the neighborhoods in America. In addition, 5.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 63.9% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Underwood neighborhood, 40.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.6%), and 12.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Underwood neighborhood is English, spoken by 98.6% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Underwood neighborhood in Battle Lake, MN, residents most commonly identify their ethnicity or ancestry as German (38.3%). There are also a number of people of Norwegian ancestry (32.3%), and residents who report Swedish roots (10.5%), and some of the residents are also of Irish ancestry (8.3%), along with some English ancestry residents (3.8%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Underwood neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Migration & Mobility
Race & Ethnic Diversity
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Crime includes:
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Schools include:
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