Underwood, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Underwood, Indiana had a total population of 957, the 362nd largest community in Indiana, with a median household income of $69,625, which is 3% lower than the state average. The poverty rate is 2.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 2.8% — among the lowest in Indiana.
Underwood Quick Facts
How Underwood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,140 | 957 | -16.1% |
| Median household income | $61,818 | $69,625 | +12.6% |
| Median home value | $181,300 | $176,300 | -2.8% |
How Underwood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Underwood Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Underwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Roachdale | 971 | $66,216 | $143,400 | 12.9% | 18.7% |
| Francesville | 946 | $65,000 | $131,900 | 17.1% | 20.0% |
| Bass Lake | 983 | $73,086 | $324,600 | 23.8% | 0.7% |
| Borden | 987 | $72,708 | $174,500 | 21.8% | 7.4% |
| Lynnville | 981 | $63,500 | $129,700 | 13.3% | 3.3% |
A note before these figures: with a population of 957, Underwood's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Underwood is a small community located in Indiana. The total population is 957. It ranks as the 362nd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Underwood is 20.1 years. This is 47% lower than the state median of 38.1 years. With 49.6% of the population under 18, Underwood has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Underwood is $69,625. This is 3% lower than the state median of $71,957. It is also 14% lower than the national median of $80,734. The poverty rate stands at 2.8%. This is 77% lower than the state poverty rate of 12.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 5.3%. This is 25% higher than the state rate of 4.3%. The median home value is $176,300. Housing costs are 19% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.5x, Underwood is one of the most affordable housing markets in the area. 87.5% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 70.5%.
Race & Ethnicity
Underwood has a predominantly White (non-Hispanic) population, comprising 96.1% of all residents. Hispanic or Latino residents account for 1.6%. The Hispanic or Latino population (1.6%) is well below the state average of 8.6%.
Education
31.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 8% higher than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.2%.
Data Sources & Methodology
All demographic data for Underwood, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Underwood, Indiana?
Underwood, Indiana has a population of 957 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Underwood, IN?
The median household income in Underwood is $69,625, which is 14% lower than the national median of $80,734.
What is the poverty rate in Underwood, IN?
The poverty rate in Underwood is 2.8%. This means approximately 27 residents live below the federal poverty line.
What is the racial makeup of Underwood, Indiana?
Underwood's population is 96.1% White, 0.0% Black, 1.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Underwood, IN?
The median home value in Underwood is $176,300. The home-value-to-income ratio is 2.5x.
How educated is Underwood, Indiana?
31.9% of adults (25+) in Underwood hold a bachelor's degree or higher, and 5.2% hold a graduate or professional degree.