Underwood, WA 98651 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Underwood, WA—98651

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$811,000

0.6% YoY Growth

Household Income

$87,400

46.9% YoY Growth

Days on Market

193

24.0% Longer YoY

Home Price Forecast

-0.3%

Median Rent

$2,800

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Underwood, WA

As of Dec '25, the median home price in Underwood, WA is $811,000, with a year-over-year change of 0.6%. This indicates that home prices in Underwood, WA are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$811,000	0.6%
Single Family	$812,000	0.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Underwood, WA

Underwood, WA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$2,800	$2,800
Studio Rent	$2,800	$2,800
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

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% of Rental Stock

1 Bedroom

18.2%

2 Bedrooms

81.8%

Property Listings — Underwood, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Underwood, WA is 168. This is a increase of 40.0% 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	$3,080,000	6.0%
Listing Count	3	22.0%
Listings as % of Homes	0.2%	22.0%
Days on Market	193	24.0%

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Demographics — Underwood, WA

As of the latest ACS Survey released in 2023, Underwood, WA has a population of 935, which has increased by 8.6% over the past 5 years. Underwood, WA is a less popular place for families, as children make up 14.2% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	935	8.6%
% Under 18	14.2%	-7.2%
% Seniors	28.4%	10.1%
% WFH	23.5%	76.7%
% w/ College Degree	37.1%	-7.7%

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As of the latest ACS Survey released in 2023, Underwood, WA is a predominantly white area, with 88.9% of the population identifying as white. The white population has grown by 13.7% in the last 5 years. The second most common race or ethnicity in Underwood, WA is hispanic, making up 9.2% of the population. Foreign-born residents account for 10.2% of the population in Underwood, WA, and this percentage has decreased by 16.4% 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	88.9%	13.7%
% Black	0.0%	N/A
% Hispanic	9.2%	-54.0%
% Asian	0.0%	N/A
% Foreign Born	10.2%	-16.4%

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Mortgage and Risk — Underwood, WA

According to HUD data as of 2023, there were 40 mortgage originations in Underwood, WA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Underwood, WA. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	40
% Conventional Loans	92.0%
% Government Loans	7.0%
% Investor Loans	3.0%
% Second Loans	5.0%
% Cash Out Refinance	3.0%

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Rentals and Section 8 — Underwood, WA

Underwood, WA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	4.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,600
2 Bedroom	N/A	N/A	$1,830
3 Bedroom	N/A	N/A	$2,530
4 Bedroom	N/A	N/A	$2,930

Underwood, WA—98651

Key Metrics at a Glance

Home Price Trends — Underwood, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Underwood, WA

% of Rental Stock

Property Listings — Underwood, WA

Demographics — Underwood, WA

Race and Ethnicity

Mortgage and Risk — Underwood, WA

Mortgages

Rentals and Section 8 — Underwood, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Underwood, WA

Home Price to Income Ratio

Underwood, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Bingen, WA

Hood River, OR

White Salmon, WA

Mosier, OR

Cascade Locks, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.8
Median Home Price	$811,000
Median Household Income	$87,400

Underwood, WA—98651

Key Metrics at a Glance

Home Price Trends — Underwood, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Underwood, WA

% of Rental Stock

Property Listings — Underwood, WA

Demographics — Underwood, WA

Race and Ethnicity

Mortgage and Risk — Underwood, WA

Mortgages

Rentals and Section 8 — Underwood, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Underwood, WA

Home Price to Income Ratio

Underwood, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Bingen, WA

Hood River, OR

White Salmon, WA

Mosier, OR

Cascade Locks, OR

Frequently Asked Questions

What is the average home price in Underwood, WA 98651?

How have home prices in Underwood, WA 98651 changed over the past year?

What is the home price projection for Underwood, WA 98651?

What are the demographics of Underwood, WA 98651?

How long does it take homes to sell in Underwood, WA 98651?

What is the average rent price in Underwood, WA 98651?