58576, Underwood, ND

Home Equity and Home Prices in the 58576 Zip Code of Underwood, ND

The 58576 zip code of Underwood, ND has a median home value of $113,000. This is lower than the statewide median home value of $177,500. However, this zip code has a higher than average percentage of homes with equity (56%) which is higher than the statewide average (45%). The percentage of homes with equity in this zip code is also higher than the national average (44%).

The 58576 zip code also has a lower than average percentage of homes that are worth less than their mortgage balance (25%). This is lower than the statewide average (30%) but higher than the national average (21%).

The 58576 zip code has a median home price that is below the statewide median home price by $5,000. However, this zip code has a higher percentage of homes that are worth more than their mortgage balance ($135,000) which is higher than the statewide average ($130,000).

Overall, it appears that there are some disparities between homeownership rates and home equity levels in this particular zip code. While there may be some pockets where homeownership rates are high and equity levels are low, there may be other areas where homeownership rates are low but equity levels are high. Additionally, it appears that there may be disparities between ZIP codes based on how much equity homeowners have in their homes.