73550, Hollis, OK

The 73550 zip code of Hollis, OK has a median home value of $119,000. This is significantly lower than the state median home value of $177,500 and the national median home value of $177,200. The primary factors contributing to this disparity are likely the low population density and lack of major metropolitan areas within the zip code. Additionally, Hollis is located in an economically depressed region of Oklahoma. This has resulted in a lower demand for housing and consequently a lower home equity value.

Despite these factors, there are still some homeowners in the 73550 zip code who have accumulated significant equity in their homes. In fact, according to Zillow’s 2018 Home Value Index report, approximately one-third (33%) of homeowners in the Hollis area have at least 50% equity in their homes. This indicates that even though Hollis residents may not be able to afford to buy a house outright, they are still able to maintain a significant degree of ownership over their property assets.