Deerwood, Minnesota.
Typical home $433,109 (+3.2% in a year). Brainerd, MN metro.
to buy the typical home at today's mortgage rate — +$1,272 (+127%) since Jan 2020.
- 1 year
- Up $13,397 +3%
- $419,712$433,109 since Sep 2025
- 5 years
- Up $88,868 +26%
- $344,241$433,109 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Deerwood$2,273
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Deerwood, MN rose 3.2% over the past year — faster than the nation's +1.2%.
Living in Deerwood, Crow Wing County, Minnesota
Deerwood is a city of 526 people in Crow Wing County. Half its households earn more than $62,981 a year and half less, against $72,589 across Crow Wing County; 11% of its people live below the poverty line. Unemployment in Crow Wing County was 4.9% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most people in Crow Wing County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Deerwood is a very small city in Crow Wing County, Minnesota, with a median age a little younger than you might expect for a lake-country town. Household incomes run below the county's, and homes are valued well above what the local incomes would suggest. Winters are cold, with January highs staying well below freezing and nights near zero, while July brings warm days, and a moderate amount of rain and melted snow falls through the year.
Work. Residents work mostly in schools, hospitals and social care, with shops, manufacturing, and restaurants, hotels and entertainment also employing many people. Across Crow Wing County, some of the largest workplaces are St. Josephs Medical Center, the Brainerd Public School District and Cuyuna Regional Medical Center. Unemployment across the county is higher than a year ago, and the number of jobs has grown only slightly.
Things to do. Reno Lake is in or beside town, and Bay Lake, a short drive away, offers more time on the water. Cuyuna Country State Recreation Area, also a short drive away, is a protected area for getting outdoors. For a longer outing, Mille Lacs Lake is a bigger lake a longer drive away.
Report a mistake
- 270households
- 11%below the poverty line
- 6%work from home
What people in Crow Wing County work in
Employed residents by industry, from the Census survey. Crow Wing County had 31,145 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 19° and lows near 0°; warmest in July, with highs near 79° and lows near 56°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Aitkin 2E weather station, 12 miles away (NOAA).
Largest workplaces in Crow Wing County
- St. Josephs Medical CenterGeneral hospital964FTE
- Brainerd Public School DistrictSchool district915FTE
- Cuyuna Regional Medical CenterCritical access hospital834FTE
- Crow Wing CountyExecutive offices, federal, state, and local579
- WalmartWarehouse clubs and supercenters467
- MNDOT District 3Transportation departments, nonoperating454
- Essentiah HealthFamily physicians' offices326
- Central Lakes College-BrainerdTwo-year college278
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 90 workplaces with 20 or more staff, 10,399 people in all across the county; Deerwood has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Strong windRelatively moderate
- LightningRelatively moderate
- Inland floodingrelatively high in parts of DeerwoodRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Deerwood’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Crow Wing County and the Brainerd, MN metro.
Deerwood home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Deerwood$433,109
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 5 Deerwood listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Deerwood20.30%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Deerwood20
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Deerwood address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Deerwood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.