New Underwood, SD—57761
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Underwood, SD
As of Oct '25, the median home price in New Underwood, SD is $398,000, with a year-over-year change of 3.6%. This indicates that home prices in New Underwood, SD are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 3.6% |
| Single Family | $398,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 0.4% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Underwood, SD
New Underwood, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Underwood, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in New Underwood, SD is 62. This is a increase of 224.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 63.0% |
Listing Count | 1 | 7.0% |
| Listings as % of Homes | 0.2% | 7.0% |
Days on Market | 62 | 224.0% |
Demographics — New Underwood, SD
As of the latest ACS Survey released in 2023, New Underwood, SD has a population of 1,270, which has decreased by -12.6% over the past 5 years. New Underwood, SD is a popular place for families, as children make up 30.5% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,270 | -12.6% |
% Under 18 | 30.5% | 18.7% |
% Seniors | 16.3% | 13.2% |
% WFH | 24.3% | 140.6% |
% w/ College Degree | 27.9% | -17.7% |
As of the latest ACS Survey released in 2023, New Underwood, SD is a predominantly white area, with 84.8% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in New Underwood, SD is hispanic, making up 5.4% of the population. Foreign-born residents account for 1.6% of the population in New Underwood, SD, and this percentage has decreased by 73.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.8% | 2.5% |
% Black | 0.2% | -60.0% |
% Hispanic | 5.4% | -15.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.6% | -73.3% |
Mortgage and Risk — New Underwood, SD
New Underwood, SD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Underwood, SD
New Underwood, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — New Underwood, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $398,000 |
| Median Household Income | $101,000 |