74037, Jenks, OK

Jenks, Oklahoma is located in Tulsa County and has a population of approximately 36,000 people. The median household income in Jenks is $64,000 and the median home value is $158,500. Home equity in Jenks has increased by over 20% since 2007 and the average home price is now over $200,000.

There are many factors that contribute to the increase in home equity in Jenks. One reason is that the market for homes in Jenks has remained strong despite economic challenges throughout much of the country. In addition, there are a number of new construction projects underway that are expected to add to the demand for homes in the area. Finally, many homeowners who have been able to keep their homes relatively affordable have been able to do so because of low interest rates and stable employment opportunities.

Despite these positive trends, there are some areas where home equity growth may not be as strong as it could be. For example, while prices have increased significantly since 2007, incomes have not kept pace with inflation which may make it more difficult for some homeowners to maintain their current levels of equity. Additionally, while there has been an increase in new construction activity over the past few years, it remains relatively limited compared to other areas of the country which could lead to further price increases if no additional housing units are available for sale.