58250, Lankin, ND

The home equity and home prices in the 58250 zip code of Lankin, ND are reflective of the overall market conditions in the area. The median home value in this zip code is $136,000, which is significantly lower than the statewide median home value of $216,500. Additionally, the percentage of homes that are owner-occupied is lower than the statewide percentage of owner-occupied homes at 63%. This indicates that there are more rental properties in this zip code than there are homes owned by individuals.

The average monthly mortgage payment for a property in this zip code is $1,521. This is significantly higher than the statewide average monthly mortgage payment of $1,096. It should be noted that many people who live in this area may be able to afford these high payments because they have high incomes or they have taken out mortgages with low interest rates. However, for those who cannot afford these payments or who want to buy a property but do not want to take on a high mortgage debt, it may be difficult to find a property that meets their needs within this zip code.