73556, Martha, OK

The 73556 zip code of Martha, OK is located in the Tulsa metropolitan area. The median home value in this zip code is $128,900. The median home equity value in this zip code is $92,600. Home prices have increased significantly over the past five years. In 2012, the median home value was $105,000 and the median home equity value was $68,000. In 2016, the median home value was $128,900 and the median home equity value was $92,600. This indicates a significant increase in both values over a relatively short period of time.

There are several factors that may contribute to this increase in home values. First and foremost is population growth within the zip code. Second is an influx of new homeowners who are purchasing homes at or near market rates given current market conditions. Third is low interest rates which make it more affordable to purchase a home than to borrow money to do so. Fourth is limited inventory which has resulted in increased competition for homes for sale within the zip code. Fifth is strong economic fundamentals within the region which support continued growth in housing prices.

Despite these positive factors, there are also some potential challenges that could impact future growth in housing prices within this zip code. For example, if interest rates rise or if there are more defaults on mortgages within the region then housing values could decline as investors become less interested in investing in these types of properties due to heightened risk levels.. Additionally, if job growth slows or if wages don't keep pace with inflation then demand for homes will decrease and prices may drop accordingly.. However overall it appears that housing prices have been increasing rapidly within this particular zip code and should continue doing so over time unless something unforeseen occurs which would cause them to decline