74012, Broken Arrow, OK

Broken Arrow, Oklahoma is a city located in Tulsa County, Oklahoma. As of the 2010 census, the population was 97,816. Broken Arrow is home to the University of Tulsa and has a strong industrial base. The city's economy is based on manufacturing and defense contracting. Home prices in Broken Arrow have increased significantly over the past several years as the city has experienced an influx of new residents and businesses.

The 74012 zip code covers much of Broken Arrow including most of the city's downtown area as well as many residential neighborhoods. According to Zillow, median home values in this zip code increased by 114% from 2007 to 2017 which makes it one of the fastest growing zip codes in America during that time period. In 2017, Zillow ranked 74012 as the fifth most expensive zip code in America with a median home value of $269,900. This high level of home values reflects both Broken Arrow's status as a desirable place to live and work as well as its strong economy.

One factor contributing to Broken Arrow's high home values is its proximity to Tulsa which is one of America's largest and most prosperous cities. Many people who live in Broken Arrow commute into Tulsa for work which puts their homes within reach of a large number of potential buyers. Additionally, many businesses that are based in Broken Arrow either manufacture products or provide services that are needed by businesses located in Tulsa or elsewhere in Oklahoma City metropolitan area. As these businesses expand and create more jobs, they require more office space and other amenities such as good transportation links into downtown Tulsa which drives up housing prices near these businesses.

While there are some areas within the 74012 zip code where housing prices are lower than average due to lower demand or slower growth rates, overall Broken Arrow continues to experience rapid price appreciation due largely to its strong economy and attractive location relative to other cities in Oklahoma and across America