New Underwood is a small town located in Pennington County, South Dakota. Known for its friendly community and proximity to larger towns like Rapid City, it offers a peaceful, rural lifestyle with easy access to amenities and outdoor activities. This article explores the best residential areas in New Underwood, detailing their unique characteristics, housing options, and average prices.
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Downtown New Underwood

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Downtown New Underwood serves as the central hub of the town, offering various local shops, cafes, and community services. This area is perfect for individuals who appreciate being close to the heart of the community while enjoying the rural atmosphere.
Characteristics of the Downtown New Underwood
* Culture: Community events, local art displays, and farmers markets
* Transportation: Walking-friendly with available parking; public transport is limited
* Services: Grocery stores, town hall, post office, and a library
* Environment: Welcoming and community-oriented
Housing Options in the Downtown New Underwood
Single-family homes, Apartments above shops
Average Home Prices in the Downtown New Underwood
* Buying: $180,000 – $250,000
* Renting: $900 – $1,300/month
Oakwood Estates

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Oakwood Estates is a suburban area that features a variety of modern homes with spacious lots. This neighborhood is ideal for families seeking a quiet lifestyle with a strong sense of community.
Characteristics of the Oakwood Estates
* Culture: Family-oriented with community gatherings and events
* Transportation: Car is recommended; streets are suitable for biking
* Services: Nearby schools, parks, and recreational facilities
* Environment: Safe and friendly
Housing Options in the Oakwood Estates
Single-family homes, Townhouses
Average Home Prices in the Oakwood Estates
* Buying: $250,000 – $320,000
* Renting: $1,200 – $1,500/month
Underwood Heights

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Underwood Heights offers a beautiful view of the surrounding landscapes and is a popular choice for those who appreciate nature. Homes in this area are often accompanied by spacious yards and scenic views.
Characteristics of the Underwood Heights
* Culture: Outdoor activities including hiking and biking
* Transportation: Car essential; local roads are well-maintained
* Services: Limited amenities; residents often travel to larger towns for shopping
* Environment: Tranquil and serene
Housing Options in the Underwood Heights
Single-family homes with larger lots
Average Home Prices in the Underwood Heights
* Buying: $220,000 – $300,000
* Renting: $1,000 – $1,400/month
Pine Meadows

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Pine Meadows is a development surrounded by pine trees, offering residents a blend of privacy and community. This area is primarily residential, making it suitable for families and retirees alike.
Characteristics of the Pine Meadows
* Culture: Lush natural environment with a suburban feel
* Transportation: Car is advisable; neighborhood streets are quiet
* Services: Nearby recreational parks and walking trails
* Environment: Relaxed and nature-focused
Housing Options in the Pine Meadows
Custom-built homes, Single-family homes
Average Home Prices in the Pine Meadows
* Buying: $240,000 – $350,000
* Renting: $1,100 – $1,600/month
Eagle Crossing

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Eagle Crossing is known for its proximity to outdoor recreational opportunities. With easy access to nearby hiking trails and parks, it’s perfect for outdoor enthusiasts.
Characteristics of the Eagle Crossing
* Culture: Active lifestyle with community involvement in outdoor activities
* Transportation: Car required; streets are not conducive to heavy traffic
* Services: Nearby grocery and community services
* Environment: Vibrant and active
Housing Options in the Eagle Crossing
Newly built homes, Eco-friendly homes
Average Home Prices in the Eagle Crossing
* Buying: $260,000 – $370,000
* Renting: $1,200 – $1,800/month
Ranch Estates

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Ranch Estates offers larger plots and a rustic feel, which makes it attractive for individuals who enjoy space and the outdoors, including room for horses and other animals.
Characteristics of the Ranch Estates
* Culture: Ranching lifestyle with agricultural opportunities
* Transportation: Car is essential; roads are well maintained
* Services: Minimal services; focused more on rural living
* Environment: Spacious and country-like
Housing Options in the Ranch Estates
Ranch-style homes, Custom homes
Average Home Prices in the Ranch Estates
* Buying: $280,000 – $400,000
* Renting: $1,200 – $1,700/month
Frequently Asked Questions About the Best Residential Areas in New Underwood:
The best residential areas in New Underwood include Downtown New Underwood, Oakwood Estates, Underwood Heights, Pine Meadows, Eagle Crossing, and Ranch Estates.
Oakwood Estates is highly recommended for families due to its spacious homes and community-oriented environment.
Underwood Heights offers many homes with beautiful views of the surrounding nature and landscape.
The average home prices in New Underwood range from $180,000 to $400,000 depending on the neighborhood and housing type.
Yes, rental prices typically range from $900 to $1,800 per month, depending on the location and size of the property.
New Underwood offers a variety of housing options, including single-family homes, townhouses, and custom-built homes.
Public transport is limited; residents typically rely on cars for transportation.
New Underwood features a close-knit, friendly community where residents frequently participate in local events and activities.
New Underwood is approximately 20 miles from Rapid City, making it a quick drive for access to larger city amenities.
Yes, there are several schools in and around New Underwood offering education for preschool through high school students.
Conclusion on the Best Residential Areas in New Underwood:
New Underwood presents a variety of residential neighborhoods, each catering to different lifestyles and preferences. From the community-oriented Downtown New Underwood to the spacious Ranch Estates for those seeking a more rural lifestyle, there’s something for everyone. Outdoor enthusiasts will enjoy areas like Eagle Crossing and Underwood Heights, while families may find Oakwood Estates to be the best choice. With its small-town charm and convenient proximity to Rapid City, New Underwood provides a fulfilling living experience with a sense of community and connection to nature.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.