73127, Oklahoma City, OK

The 73127 zip code in Oklahoma City, OK has a population of over 316,000 people and a median home value of $128,500. The home equity and home prices in the 73127 zip code are both high compared to other areas in Oklahoma City. In fact, the median home value is more than double the statewide median home value of $59,600.

One reason for this high level of home equity and home prices in the 73127 zip code is that the area has a high concentration of affluent families. Over 60% of households in the 73127 zip code have incomes above $75,000 per year, which is well above the statewide average income of $50,700. Additionally, many homes in the 73127 zip code are owned by couples or families with children who are able to afford to buy them outright or borrow against them using theirhome equity.

Despite these factors contributing to high levels ofhome equity and home prices in the 73127 zip code, there are some risks associated with owning a house in this area. For example, there is a higher rateof crimeinthe73127zipcodethaninotherpartsofthecityandtheareahasoneofthehighest ratesof foreclosure filingsin Oklahoma. Additionally, while many homes in the73 127zipcodeareownedbycouplesorfamilieswithchildrenwhocanaffordtobuythemoutrightorborrowagainstthemusingtheirhomeequity,,therearealsomanyhomesinthesareathathavebeensoldtoindividuals who may not be able to afford them on their own or who may not be able to keep up with payments if they were to lose their job or encounter other financial difficulties.