58271, Pembina, ND

The 58271 zip code of Pembina, ND is located in the north-central part of the state and has a population of approximately 2,000. The median household income in this zip code is $45,000 and the median home value is $128,000.

Home equity is a key component of household wealth and has been shown to be a strong predictor of financial stability. Home equity can provide families with access to funds that they may need for emergencies or other important expenses, such as education or retirement. Additionally, home equity can help families save for future goals such as buying a house or starting a business.

There are several factors that affect home prices in Pembina, ND. These include local economic conditions (such as job growth), interest rates (which are influenced by both the Federal Reserve and the Bank of Canada), and supply and demand (which are affected by factors such as population growth and changes in housing preferences). Over time, these factors have had an impact on home prices throughout North Dakota and the 58271 zip code is no exception.

Since 2007, average home values in Pembina have increased by 49%. This rate of growth is significantly higher than the statewide average increase of 26% during this same period. In fact, over the past five years alone (2012-2017), average home values in Pembina have increased by an astonishing 97%. This high level of appreciation has made homeownership more attainable for many residents in this zip code – especially those who were not able to purchase homes prior to 2007 due to high prices. However, there are also some residents who have seen their homes decline in value since 2007 due to market conditions outside their control (for example, if they live near a construction site). Regardless of whether their home has appreciated or declined since 2007, all homeowners in Pembina now enjoy greater levels of wealth than they did five years ago.

Overall, it appears that homeownership rates continue to rise throughout North Dakota – which is good news for families who want to buy or own homes but also bad news for speculators who may try to take advantage of current market conditions by buying property without intending to live there long-term. While there are always risks associated with any investment decision – including purchasing property – it seems likely that long-term homeownership will remain one of the most attractive options available in Pembina over the next few years