58205, Grand Forks Afb, ND

The 58205 zip code of Grand Forks Afb, ND has a median home value of $128,000 and a median home equity value of $101,500. The average home size in this zip code is 2 bedrooms and 1 bathroom. This zip code has a population of about 10,000 people.

There are many factors that affect the home equity and home prices in any given zip code. Some of the factors that can influence these values include: the local economy, interest rates, housing stock availability, population growth, and school districts.

In general, the Grand Forks Afb area has been experiencing positive economic growth over the past few years. This growth has led to increased demand for housing stock and consequently increased prices for homes in this area. Additionally, interest rates have remained relatively low over this time period which also contributes to higher home values.

Despite these positive trends, there are some areas of concern that could impact the long-term health of the local economy. For example, if there is an increase in unemployment or other economic downturns in the region then it could lead to decreased demand for homes and lower home values. Additionally, if new development projects are not approved or completed soon enough then it could cause a shortage of available housing stock which would also lead to lower prices.