73521, Altus, OK

The 73521 zip code of Altus, OK is a suburban area located in the southwestern corner of Oklahoma. The population of the zip code was 18,839 as of the 2010 census. The median household income in the zip code was $60,972 as of 2010. Home prices in the zip code have increased significantly over the past several years and are now among some of the highest in Oklahoma.

Home equity is a key factor in home prices and is often used as a measure of an area's economic health. In general, areas with high home equity values tend to be prosperous and stable, while areas with low home equity values are more likely to experience economic downturns.

According to data from Zillow, home values in the 73521 zip code have increased by an average of 78% since 2009. This rate of growth is significantly higher than the national average (41%) and even higher than rates seen in some larger cities within Oklahoma (such as Tulsa at 67%). While there may be some variation within each individual zip code, it is clear that overall housing prices in Altus are very high compared to other areas within Oklahoma.

One reason for this high level of home value growth may be attributed to factors such as low unemployment rates (4% as of May 2017), strong job market prospects, and limited supply relative to demand. Additionally, many homes in this area were built prior to 2009 during what has been called "the housing boom." As a result, many homes here are now worth substantially more than they were when they were first purchased.

While there are certainly many factors that contribute to home price growth across different parts of America, it is clear that Altus has experienced particularly strong appreciation over recent years. This trend will likely continue given current market conditions and increasing demand from both buyers and investors alike