58075, Wahpeton, ND

The 58075 zip code of Wahpeton, ND is located in the southwestern part of the state and has a population of about 10,000. The median household income in this zip code is $50,000 and the median home value is $128,500. The average home equity loan amount in this zip code is $84,500 and the average home price appreciation rate over the past five years has been 9%.

There are a number of factors that have contributed to the high home values in this zip code. First, Wahpeton is a growing community with many new homes being built. Second, there are a lot of families who have been able to take advantage of strong market conditions and have bought homes at an affordable price. Third, Wahpeton has good schools and excellent infrastructure which makes it an attractive place to live. Finally, there is low unemployment rates which means that people can afford to buy homes even if they don't have a high income.

Despite these positive factors, there are some challenges facing homeowners in this zip code. First, there are limited options for buyers who want to purchase a home but don't have enough money down payment. Second, interest rates on mortgages are currently very high which means that people may need to pay more than they would if interest rates were lower. Third, although prices have increased rapidly over the past few years, they may not continue to rise indefinitely which could lead to some homeowners losing their homes value over time.