74045, Maramec, OK

The Maramec, OK 74045 zip code has a median home value of $128,000. The home equity in this zip code is $44,000. This means that the majority of homeowners in this zip code have more than half of their home equity invested in their homes. This is a higher percentage than the national average of 43%.

There are several factors that may contribute to the high home equity in this zip code. First, Maramec is a rural area with few large cities nearby. As a result, there is less competition for homes and prices are relatively stable compared to other areas. Additionally, Maramec residents may be more likely to have paid off their mortgages or have low interest rates on their loans which would increase their home equity value.

Despite these positive factors, there are also some risks associated with having high home equity in Maramec. If the market for homes in this area crashes, homeowners could find themselves struggling to sell or refinance their homes at a fair price. Additionally, if interest rates rise significantly (as they have done in recent years), homeowners could find themselves losing significant amounts of money on their investments over time.