74020, Cleveland, OK

The 74020 zip code of Cleveland, OK is located in the northeastern corner of Oklahoma and covers a total area of about 2,000 square miles. The median household income in this zip code is about $50,000, which is lower than the national median household income of $53,046. The unemployment rate in this zip code is about 5%, which is lower than the national unemployment rate of 6.3%. In addition, the homeownership rate in this zip code is about 68%, which is higher than the national homeownership rate of 63%.

One reason why home prices are higher in this zip code than elsewhere in Oklahoma may be because Cleveland has a high concentration of college students. About 36% of adults in this zip code have a college degree or more, which is higher than the 31% statewide average and 25% nationwide average. Additionally, there are many businesses located in Cleveland that cater to people with college degrees or who work in related industries. This may account for some of the elevated home prices within this zipcode.

Another factor that may contribute to high home prices within the 74020 zip code of Cleveland is its proximity to major metropolitan areas such as Oklahoma City and Tulsa. These larger cities have a large population and many jobs that are likely to be attractive to potential home buyers. Furthermore, these metropolitan areas tend to have stronger economies overall, which can lead to increased demand for housing stock and consequently increased prices.