58405, Jamestown, ND

Home equity is a measure of the value of a home minus all outstanding mortgages and other liens on the property. In general, the higher the home equity, the more secure homeowners feel in their homes. Home prices are another measure of how much an individual or family can afford to pay for a particular property. The 58405 zip code has seen both home equity and home prices rise over recent years, likely due to strong economic conditions and increased demand from buyers.

According to Zillow, as of February 2019, the median home value in this zip code was $236,000. This is up 8% from 2018 and significantly higher than the national median of $194,000. Additionally, while there are some ZIP codes with lower values (like 58301), 58405 is one of only a few that has seen an increase in both home equity and home prices over this time period.

There are several factors that could be contributing to this trend:

1) Economic conditions have been relatively stable across most parts of the country over recent years – which could lead to increased demand for homes in areas with good job prospects;

2) The area around Jamestown has seen strong population growth – which could lead to more people buying or renting homes here;

3) Low interest rates have made it easier for buyers to afford homes – even if they don’t have high incomes; and

4) The local real estate market has been relatively immune to some of the broader market trends affecting other parts of America (e.g., rising interest rates).

While these factors may be contributing overall increases in housing values in this area, it’s important not to get too carried away – there are still risks associated with buying or owning a house (e.g., potential financial difficulties if you lose your job or encounter unexpected expenses). If you’re considering purchasing or selling a house in 58405 ZIP code, it’s always best to consult with an experienced real estate agent who can help you assess your specific situation and make sound decisions based on your goals and budget.