73159, Oklahoma City, OK

The 73159 zip code of Oklahoma City, OK has a population of over 316,000 people and a median household income of $60,000. The home equity in this zip code is $269 billion and the home prices are $236,000.

The 73159 zip code has a high home equity and home prices because it is an affluent area. The median household income in this zip code is higher than the national median household income of $53,046. The percentage of households earning over $100,000 is also high in this zip code at 27%. This high level of income and wealth allows residents to purchase homes that are worth more than the average home price in Oklahoma City.

Another reason why the 73159 zip code has a high home equity and home prices is that there are a lot of wealthy residents living in this area. There are 1,868 households earning over $200,000 per year which accounts for 27% of all households in this zipcode. This concentration of wealth allows homeowners to buy homes that are worth more than the average home price in Oklahoma City.

Homeowners who live in the 73159 zip code can also benefit from rising property values due to strong demand from buyers. Home values have increased by 5% since 2013 which indicates that there is strong demand for homes in this area. In addition, low interest rates have helped increase homeowner's equity by making it easier for them to borrow money to purchase their homes.