59501, Havre, MT

Home Equity and Home Prices in the 59501 Zip Code of Havre, MT

The Havre, MT 59501 zip code has a median home value of $119,000. This is lower than the Montana median home value of $157,500. The Havre zip code also has a lower home equity percentage than the Montana median home equity percentage of 63%. This indicates that there are more homes in the Havre zip code that are worth less than their mortgages. The average mortgage balance in this zip code is $106,000 which is higher than the Montana average mortgage balance of $81,700. This indicates that there may be more homes in this zip code that are being purchased with cash rather than using a mortgage.

There are also a number of homes in this zip code that are worth more than their mortgages. There are currently 191 homes in this zip code with an assessed value greater than their mortgage balance. This indicates that there may be some opportunities for homeowners who have excess equity to sell their home and reinvest the money into another property within this same or nearby zip code. Additionally, there are currently 97 homes in this zipcode with an estimated market value greater then their mortgage balance. This indicates that even if you do not have excess equity available to you, it may still be possible to sell your home for more money then what you owe on it if you find the right buyer and market conditions are favorable to you.