73112, Oklahoma City, OK

The 73112 zip code of Oklahoma City, OK has a population of over 316,000 and a median household income of $50,000. The home equity in this zip code is $236 million and the home prices are $269,500. This means that the average home equity in this zip code is 9.5 times the median household income.

There are a number of factors that contribute to the high home equity in this zip code. First, Oklahoma City has a low unemployment rate which means that there are more jobs available than people looking for them. Second, there is a strong economy here which means that people can afford to buy homes even if their incomes are not as high as they would like them to be. Finally, there is a lot of demand for homes in this zip code because it is located in one of the most desirable areas of Oklahoma City.

One downside to having such high home equity in this zip code is that it can be difficult to get mortgages for houses here. This is because lenders want to know that homeowners will be able to pay their mortgages on time and without having to borrow too much money from other sources (such as family or friends). However, with careful planning and by doing some research into mortgage rates before buying a house here, homeowners should be able to get mortgages for houses in this zip code without too much difficulty.