58401, Jamestown, ND

There is no one answer to the question of whether home equity or home prices are more important to a person's overall financial security. That said, there are a few factors that can influence either measure.

For example, if you have a mortgage and your home value is below the amount of your loan, then your home equity is more important to you than if your home value is above the amount of your loan. Similarly, if you have no debt and your home value increases by 10%, but you only get an 8% return on your investments, then your home equity will be more important to you than if you had an 8% return on investment and had debt equal to 100% of the increase in value.

In Jamestown, ND, according to Zillow Home Value Index data as of March 2019:

-The median house value was $143,100

-The average house value was $157,200

-The percentage of homes valued at less than $100K was 5.4%

-The percentage of homes valued at greater than $300K was 2.5%