73734, Dover, OK

Home Equity and Home Prices in the 73734 Zip Code of Dover, OK

There are a number of factors that can affect home equity and home prices in a given area, including the local economy, interest rates, and population growth. However, one of the most important factors is the level of demand for homes. When there is strong demand for homes, prices will tend to rise. In contrast, when there is weak or no demand for homes, prices will tend to fall.

According to Zillow’s 2018 National Home Value Survey1 , the median home value in the 73734 zip code of Dover was $148,200. This means that half of all homes in this zip code were worth more than $148,200 and half were worth less than this amount. Over the past year (from January 1st to December 31st), the median home value has increased by 2%. This increase is likely due to strong demand for homes in this area – especially given that interest rates have remained relatively low throughout this time period. In fact, according to Zillow’s mortgage calculator2 , an average mortgage rate in this zip code during 2018 was just 3%.

While it’s important to keep in mind that home values can fluctuate over time – both up and down – based on a variety of factors (including interest rates), it’s also important to remember that homeownership remains one of the best investments you can make. Owning your own home provides you with stability and security – two things that are invaluable assets when it comes time to retire or start your family. So if you're thinking about buying a home someday soon – or if you're already living in one – be sure to check out our listings here at Dover real estate agents . We'll help you find your perfect property!