Housing market · ZIP 56586

Underwood, MN Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$332,290

3-month+1.8%

6-month+2.9%

12-month+4.5%

Touse 12-month forecast

+4.8%

Projected median near $348,375 over the next 12 months

As of April 2026, the median home value in Underwood, MN (ZIP 56586) is $332,290. Prices are stable, up 4.5% over the past year. Touse's model projects a +4.8% change over the next 12 months, putting the median near $348,375.

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Nearby areas in Otter Tail

Dalton 56324 Parkers Prairie 56361 Battle Lake 56515 Bluffton 56518 Clitherall 56524 Deer Creek 56527 Dent 56528 Elizabeth 56533

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.