Zip Code:

58772, Portal, ND

58772 is a North Dakota Zip code within the city of Portal and the county of Burke. Its population is roughly 161.

Real Estate in the 58772 Zip Code of Portal, ND

The 58772 zip code of Portal, ND has a median home value of $128,000 and a median home equity value of $104,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but less than the amount of money that would be required to repay the mortgage on the property. In other words, home equity in this zip code is mostly used to cover expenses associated with owning and living in the home (such as property taxes and maintenance costs).

While there is variation across zip codes within the United States, it is generally true that home values are higher in areas that are wealthier and have a larger population base. This is because there are more people who can afford to buy or build a house in an area with high prices, and there are also more opportunities for people to make money by selling or refinancing homes. Therefore, it is not surprising that the 58772 zip code has a higher median home value than most other areas in North Dakota.

However, it should be noted that home values can also be affected by many factors unrelated to economic conditions (such as changes in local real estate trends). Therefore, it is important for homeowners in the 58772 zip code to do their research before making any decisions about buying or selling their homes.

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