58656, Taylor, ND

Taylor, ND is located in the southwestern corner of North Dakota and has a population of just over 5,000. The 58656 zip code covers just over 2 square miles and has a median home value of $128,000. Home equity in Taylor is relatively high compared to other areas of the country. In fact, according to Zillow, the median home equity in Taylor is $113,000 higher than the national average.

One reason for this high level of home equity may be Taylor's low unemployment rate. The unemployment rate in Taylor was just 3.8% as of May 2017, which is much lower than the national average of 4%. Additionally, Taylor has a low poverty rate (10%) and a high education attainment rate (83%). These factors may contribute to higher levels of home equity because they indicate that there are many opportunities available for residents to earn an income and save money.

Another factor that may contribute to high levels of home equity in Taylor is its low housing prices relative to other areas of the country. According to Zillow, the median house price in Taylor is only about 75% as expensive as the national average house price. This means that residents can afford more homes than people living in other parts of the country without having to spend a large amount of money on mortgage payments or other expenses related to owning a home.