58649, Reeder, ND

Reeder, ND is located in the southwestern corner of North Dakota and has a population of just over 2,000 people. The 58649 zip code covers just under one square mile and has a median home value of $129,900. Home equity in this zip code is relatively low when compared to other areas of the country. In fact, only about one-third (34%) of households in this zip code have any home equity at all.

There are several reasons why home equity may be lower in Reeder than in other areas of the country. First, Reeder is a small town and there are not as many opportunities for people to invest their money in homes outside of the area. Second, the housing market here has been slow to recover from the recession and many people who lost their homes during that time have not been able to get them back yet. Finally, there is a high level of student loan debt among residents which can limit people's ability to take on large mortgages or buy homes outright.