58702, Minot, ND

The 58702 zip code of Minot, ND has a median home value of $101,000. This is lower than the national median home value of $177,500. The 58702 zip code also has a lower than average home equity percentage of 59%. This means that the homes in this zip code are worth less than what is owed on them.

The 58702 zip code also has a low homeownership rate of 36%. This means that many homes in this area are owned by individuals or families who do not have to worry about paying their mortgage each month. This can lead to increased spending and decreased savings opportunities for residents in this area.

Despite these challenges, there are some benefits to living in the 58702 zip code. The low homeownership rate means that there is more opportunity for people to invest in property here. Additionally, the median home value is relatively high which can make it an attractive option for those looking to purchase their first home or upgrade their current one.