73840, Fargo, OK

The 73840 zip code of Fargo, OK is located in the Midwest region of the United States. The area has a population of around 207,000 and an average household income of around $60,000. Home prices in the zip code have been increasing steadily over the past few years, reaching a peak in 2016 at $269,900. However, home equity values have decreased since then and are currently hovering around $236,000.

One reason for the increase in home prices in the 73840 zip code is that there is a high demand for housing in this area. Fargo is a growing city with many new businesses opening up and employees moving into town. Additionally, many people who live in Fargo own their homes which gives them more stability when looking to buy or sell property.

Another factor that has contributed to the increase in home prices in the 73840 zip code is low interest rates. Since 2007, mortgage rates have been relatively low which has made it easier for people to purchase homes. Additionally, there are limited options for buyers who want to purchase a home outside of their preferred price range – so if you are looking to buy a house outside of your budget you will likely have to settle for something that falls within it.

However, despite these positive factors there are also some challenges facing home buyers in the 73840 zip code. For example, there is an increasing number of luxury homes being built which means that not everyone can afford to purchase one even if they want to. Additionally, although wages have increased over time this hasn’t necessarily translated into higher incomes when it comes time to pay off a mortgage or buy a house outright – so many people who want to buy property find themselves struggling financially when it comes time to do so.