58727, Columbus, ND

The 58727 zip code of Columbus, ND is located in the southwestern corner of the state and includes most of the city as well as a significant portion of the surrounding rural area. The population was 16,868 at the 2010 census, making it one of the smaller zip codes in North Dakota.

Home equity is a key factor in determining home prices. In general, homes that are worth more than their mortgage are said to have "home equity." Home prices also vary based on location and other factors such as size and condition of the home.

According to data from Zillow, home values in Columbus increased by an average of 7.5% from 2009 to 2017. This was much faster than the statewide average growth rate (3%), but slower than some other nearby zip codes (for example, Bismarck's average growth rate was 11%).

There are several factors that may have contributed to this faster-than-average growth rate for home values in Columbus:

1) The city has a strong economy with many jobs in high-tech industries; 2) There is limited available land for development within Columbus limits; 3) The population density is relatively low which allows for more spacious homes; 4) The availability of quality schools makes it easier for families to afford homes here; 5) Low interest rates have helped increase homeownership rates here.

6) Although there has been some recent price appreciation slowdown nationally, housing market conditions continue to be favorable in Columbus and elsewhere across North Dakota.