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
Compare with nearby places
Places of similar size in Minnesota.
- Alden city 658
- Trimont city 658
- Sabin city 657
- Randall city 647
- Kimball city 644
- Clearbrook city 634
- Evansville city 631
Keep going
More Minnesota coverage.