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ZipNumbers

Minnesota · Census place 15346

Deerwood city, MN

Quick answer

Deerwood city has 649 residents, ranking #443 of 914 places in Minnesota. Median household income is $62,679, the median home is worth $214,700 and median gross rent runs $920 a month.

Population
649Deerwood city residents
Median household income
$62,679Past 12 months, inflation adjusted
Median home value
$214,700Owner-occupied units
Median gross rent
$920Rent plus utilities, monthly
Median age
30.8 yrsAll residents
Homeownership rate
56.4%Owner-occupied households

What the numbers mean in Deerwood city

Housing cost measured against local earnings.

A household earning the Deerwood city median would spend about 17.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.4% of residents and 56.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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