56591, White Earth, MN

The home equity and home prices in the 56591 zip code of White Earth, Minnesota are reflective of the overall market conditions in the area. The median home value in this zip code is $135,000, which is lower than the statewide median home value of $217,500. The percentage of homes that are owner-occupied is also lower than the statewide average of 69%. This suggests that there may be more renters living in this zip code than owners.

Despite these lower values, there are still a number of homeowners in this zip code who have taken advantage of current market conditions by refinancing their homes multiple times. In fact, according to Zillow’s Home Value Index (HVI), approximately one-third (32%) of homes in this zip code are worth more than their original purchase price. This high level of appreciation indicates that there is strong demand for housing in this area and that buyers are willing to pay a premium for properties that are located here.

Given these market conditions and trends, it is likely that home prices will continue to rise over time in the 56591 zip code. If you're interested in buying a property here, it's important to do your research and understand what factors affect home values most strongly.