58480, Sanborn, ND

The Sanborn zip code 58480 has a median home value of $119,000 and a median home equity of $92,000. This is significantly lower than the national median home value of $217,500 and median home equity of $130,000.

There are several factors that could contribute to the low home values in the Sanborn zip code. One reason may be that there are fewer homes for sale in this area than in other parts of the country. Additionally, many homeowners in this area may be underwater on their mortgages, meaning that they owe more on their homes than their homes are worth. Finally, many people who live in Sanborn may not have enough money saved up to buy a house outright, so they may be renters instead.

Despite these factors, there are still some homeowners who own their homes outright or who have less debt on their homes than average. This suggests that there is potential for prices to increase in the future if more people decide to buy or invest in properties here.