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Deerwood, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
710
Population
$62,981
Median Income
$225,000
Home Value
35.7
Median Age

Demographics

Deerwood has a population of 710 with a median age of 35.7. Here is the racial and ethnic breakdown of the population:

White
91.7%
Other
8.3%
Demographic Value
Total Population710
Median Age35.7
White91.7%
Other / Two or More Races8.3%
Deerwood, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 91.7%Other: 8.3%710PopulationWhiteWhite91.7%OtherOther8.3%

Income & Economy

The median household income in Deerwood is $62,981, which is 21.9% below the national median of $80,610. The per capita income is $33,533. The poverty rate is 10.8%.

$62,981
Median Household Income
$33,533
Per Capita Income
10.8%
Poverty Rate

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Education

In Deerwood, 90.7% of residents age 25+ have a high school diploma or higher, and 27.0% hold a bachelor's degree or higher (10.7% with a graduate or professional degree).

HS Diploma+
90.7%
Bachelor's+
27.0%
Graduate+
10.7%
Education Level % of Adults (25+)
High School Diploma or Higher90.7%
Bachelor's Degree or Higher27.0%
Graduate or Professional Degree10.7%

Housing

The median home value in Deerwood is $225,000, below the national median of $303,400. The median monthly rent is $711. The homeownership rate is 59.3%.

$225,000
Median Home Value
$711/mo
Median Rent
59.3%
Homeownership Rate
Housing Metric Value
Median Home Value$225,000
Median Monthly Rent$711
Homeownership Rate59.3%
Vacancy Rate18.9%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Deerwood, Minnesota?
The population of Deerwood, Minnesota is 710 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Deerwood, Minnesota?
The median household income in Deerwood, Minnesota is $62,981. This is 21.9% below the national median of $80,610.
What is the median home value in Deerwood, Minnesota?
The median home value in Deerwood, Minnesota is $225,000. The median monthly rent is $711.
What percentage of people in Deerwood have a college degree?
In Deerwood, Minnesota, 27.0% of adults age 25 and older hold a bachelor's degree or higher, and 90.7% have a high school diploma or higher.
Is Deerwood, Minnesota an affordable place to live?
The home price-to-income ratio in Deerwood, Minnesota is 3.6x (median home value $225,000 vs. median income $62,981), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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