73003, Edmond, OK

The Edmond, OK 73003 zip code has a population of around 137,000 people. The median household income in this zip code is $64,000. Home prices in the Edmond, OK 73003 zip code have been increasing at a rate of about 5% annually over the past few years. This means that the median home value in this zip code is currently around $163,500.

There are a number of factors that contribute to the high home values in the Edmond, OK 73003 zip code. One reason is that there are a lot of affluent residents living in this area. Another reason is that there are a lot of new homes being built in this area. Finally, there is strong demand for housing stock in this area because of its proximity to both downtown Oklahoma City and Norman, OK.

Despite these positive factors, there are some potential risks associated with high home values in the Edmond, OK 73003 zip code. One risk is that if interest rates rise significantly from their current levels (they have been relatively low recently), then homeowners who owe more on their mortgages than their homes are worth could find themselves struggling to make payments. Another risk is that if the economy weakens significantly (as it has done recently), then demand for housing might decline and home prices might fall back down to their previous levels.