ZIP Code 58703 — Minot city, ND Demographics & Data

ZIP code 58703 covers Minot, ND in Ward County with a population of about 22,604.

At a glance, the area shows median age of 33.2 versus a U.S. median of about 38.9.

It sits in telephone area code 701; U.S. House district ND-00; the MINOT - BISMARCK - DICKINSON media market.

Median household income in ZIP 58703 is about $82,926 — about 10% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 5.9%; unemployment rate near 4.3%; 33.9% of adults with a bachelor’s degree or higher (roughly in line with the national share (33.7%)).

Labor and commute patterns include leading industry context around Retail trade, Healthcare, and Education; about 5.6% of workers reporting work-from-home (about 9.6 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $254,800 — about 27% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $928 (about 20% below the U.S. median rent ($1,163)), and owner-occupancy near 63.0% (about 2.4 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 58703 in Minot, ND, a household would need roughly $70,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,637. That sits below the local median household income ($82,926), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Minot city, ND as Relatively Low (composite score 64.8), which is near the middle of the national distribution. The strongest component scores on US5 are wildfire (79.4) and flood (41.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Minot city, ND show little to no average snow and around 16.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,163 for ZIP 58703 (Minot city, ND) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.