74011, Broken Arrow, OK

Broken Arrow, Oklahoma is located in Tulsa County and has a population of over 100,000. The 74011 zip code covers Broken Arrow and parts of Tulsa County. Home prices in the Broken Arrow area have increased significantly in recent years, with the median home price reaching $175,000 as of September 2017. This is much higher than the national median home price of $130,000.

One reason for this high home value is the strong economy in Oklahoma. The state has been experiencing strong job growth and low unemployment rates, which has led to an increase in demand for homes and property. Additionally, Broken Arrow is located near many affluent suburbs such as Jenks and Bixby Hills which also contribute to the high home values.

Despite these positive factors, there are some risks associated with buying a home in Broken Arrow. For example, there may be a limited supply of homes available due to increasing demand from buyers. Additionally, prices can go down if the local economy experiences a downturn or if interest rates rise significantly from their current low levels.