58622, Belfield, ND

Belfield, ND is located in the 58622 zip code. According to the 2010 census, Belfield has a population of 1,811 people. The median household income in Belfield is $48,000 and the median family income is $57,500. The percentage of families living below the poverty line in Belfield is 2%.

The home equity and home prices in Belfield are very high compared to other zip codes in the United States. The average home value in Belfield is $191,000 which is more than double the national average of $106,400. Additionally, the percentage of homes with a mortgage in Belfield is also much higher than the national average of 37%. This indicates that there are a lot of people who are able to afford to buy homes in Belfield.

One reason why the home equity and home prices in Belfield are so high is because there are a lot of wealthy people living there. The percentage of households earning over $200,000 per year is significantly higher than the national average of 23%. This means that a lot of people who live in Belfield can afford to buy homes even if they don't have any money saved up.

Another reason why the home equity and home prices in Belfield are so high is because there isn't much competition for homes available for sale. There are only about 120 houses for sale out of 1,811 total households in Belfield which means that it's difficult for someone who wants to buy a house to find one available on their own. This makes it easier for wealthy people or people who can afford to pay extra money for their house to be able to buy it regardless of how low interest rates may be at present.