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Sarah Mitchell
Compass Real Estate · ZIP 58703
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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58703 ZIP Code Housing Market
$295,000median sale price
What is the 58703 housing market like right now?
The median home sale price in ZIP code 58703 is $295,000, up 8.3% year-over-year. Homes sell in an average of 43 days with 84 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 58703 ZIP code a buyer's or seller's market?
ZIP code 58703 is currently a balanced market and homes selling in about 43 days. How we determine this →
What are the latest 58703 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $319,900 |
| Year-over-year price change | +8.3% |
| Average days on market | 43 days |
| Active inventory | 84 listings |
| Sale-to-list price ratio | 98.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 58703 zip code, located in Minot, ND, is currently classified as a balanced market. The median sale price stands at $295,000, representing a +8.3% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 84 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 58703 sits in the Minot, ND area, roughly 6 miles from downtown Minot. Because home prices are set street by street, this ZIP can move differently from Minot's citywide averages. The figures below reflect 58703 specifically — drawn from Redfin transactions, U.S. Census data for its 22,139 residents, and Zillow value estimates.
Homes sold
108
Last 12 weeks
Days on market
43
Average pace
Active listings
84
Sale-to-list
98.7%
Below asking
What is driving the 58703 housing market?
The 58703 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 58703 have increased +8.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 58703 stands at $273,332, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,140 per month. This gives a price-to-rent ratio of approximately 20.0, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 58703?
Population
22,139
Median income
$82,728/yr
Median age
33.3 years
Owner-occupied
61.0%
College grads
33.3%
Avg commute
23.42 min
What is it like living in 58703?
Zip code 58703 is home to approximately 22,139 residents. The median household income is $82,728 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 61.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 33.3% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.42 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 58703.
Which public schools serve ZIP 58703?
7 schools tracked · 2,097 students
The largest public schools serving ZIP code 58703 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ERIK RAMSTAD MIDDLE SCHOOL
Grades 6-8 · 686 students
LONGFELLOW ELEMENTARY SCHOOL
Grades PK-5 · 432 students
LEWIS AND CLARK ELEMENTARY SCHOOL
Grades PK-5 · 416 students
BEL AIR ELEMENTARY SCHOOL
Grades PK-5 · 286 students
ROOSEVELT ELEMENTARY SCHOOL
Grades PK-5 · 132 students
SOURIS RIVER CAMPUS ALTERNATIVE HIGH SCHOOL
Grades 9-12 · 73 students
MCKINLEY ELEMENTARY SCHOOL
Grades K-5 · 72 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 58703
What is the median home price in 58703?
The current median sale price in 58703 is $295,000, based on recent Redfin transaction data. Prices have changed +8.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 58703 a buyer's or seller's market?
The 58703 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 58703?
Zip code 58703 has a population of approximately 22,139 residents. The median household income is $82,728 per year. About 61.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 58703?
Properties Incorporated provides comprehensive data for 58703 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 58703 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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