58540, Garrison, ND

The Garrison, ND 58540 zip code has a median home value of $128,000 and a median home equity of $105,000. The Garrison, ND 58540 zip code ranks #1 in the state of North Dakota for both home values and home equity. The Garrison, ND 58540 zip code is also one of the most affordable zip codes in the state with a median household income of only $41,500.

There are several factors that contribute to the high home values and home equity in the Garrison, ND 58540 zip code. First and foremost is the fact that this area is located in one of the most desirable parts of North Dakota. Second is the low unemployment rate in this area which has led to an increase in demand for homes. Finally, there is a strong demand for housing due to an influx of families moving into this area over recent years.

Despite these positive factors, there are some challenges facing homeowners in the Garrison, ND 58540 zip code. One issue is that there has been an increase in interest rates over recent years which has made it more difficult for homeowners to get loans for new homes or to refinance their existing homes. Another issue is that there has been an increase in prices on properties within this zip code which makes it harder for first-time buyers or those who do not have ample savings to purchase a property outright.