58057, Mcleod, ND

The 58057 zip code of Mcleod, ND has a median home value of $119,000. The home equity in this zip code is approximately $27,000. This means that the majority of households in this zip code have more equity in their homes than they need to cover their current monthly expenses. Additionally, the average home price in this zip code has increased by 5% over the past year. This indicates that there is strong demand for housing in this area and that prices are likely to continue to rise.

While there are some households in the 58057 zip code who may struggle to cover their monthly expenses with their home equity alone, most homeowners in this area are able to enjoy a comfortable lifestyle thanks to their home equity. Homeowners who have a significant amount of equity in their homes can use this money to pay down debt or invest it into other assets such as stocks or bonds. In addition, homeowners who have a high level of home equity can often get favorable rates on loans or mortgages if they decide to sell their homes soon. Therefore, it is important for all homeowners in the 58057 zip code to understand how much equity they have in their homes and how it could benefit them financially