58220, Cavalier, ND

The 58220 zip code of Cavalier, ND has a median home value of $119,000 and a median home equity value of $92,000. This is lower than the statewide median home value of $177,500 and the national median home equity value of $141,700.

There are a number of factors that could contribute to these low home values in the 58220 zip code of Cavalier. One possibility is that this area may be experiencing slower economic growth than other parts of the country. Another possibility is that there may be fewer opportunities for homeowners to sell their homes for higher prices due to restrictive zoning laws or limited access to quality schools or shopping areas.

Despite these potential limitations, there are still many homeowners in the 58220 zip code who are benefiting from strong home equity values. These homeowners can use their equity to finance various types of investments or they can use it as collateral for a loan when they need money for something else. Regardless of how homeowners use their home equity in the 58220 zip code, it is important to remember that this valuable asset can fluctuate over time and should not be taken for granted.