73071, Norman, OK

The home equity and home prices in the 73071 zip code of Norman, OK are very high. The median home value in this zip code is $205,000, which is more than double the national median home value of $100,000. The average home equity in this zip code is $137,000, which is also more than double the national average of $60,000. This high level of home equity indicates that many homeowners in this zip code are very confident in their ability to afford a mortgage and are able to borrow a large amount of money to purchase their homes.

One reason why the home values and home equity in this zip code are so high is that there are a lot of wealthy people living in this area. The population density in this zip code is low compared to most other areas of the country, which means that there are a lot of single-family homes available for sale. Additionally, Norman has been one of the fastest-growing cities in Oklahoma for many years now, which has led to an increase in demand for housing stock. Finally, Norman residents tend to be very educated and affluent, which also contributes to high levels of house prices and home equity.