The size of Underbool is approximately 353.8 square kilometres. It has 4 parks covering nearly 3.4% of total area. The population of Underbool in 2016 was 215 people. By 2021 the population was 215 showing a stable population in the area during that time. The predominant age group in Underbool is 60-69 years. Households in Underbool are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Underbool work in a managers occupation.In 2021, 83.80% of the homes in Underbool were owner-occupied compared with 81.10% in 2016.
Underbool has 219 properties. Over the last 5 years, Houses in Underbool have seen a 56.36% increase in median value. As at 30 November 2025:
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