74063, Sand Springs, OK

Home Equity and Home Prices in the 74063 Zip Code of Sand Springs, OK

There are a total of 1,912 homes for sale in the 74063 zip code. The median home value is $119,000. The average home value is $130,000. There are a total of 592 homes with an equity value of over $100,000. There are also a total of 244 homes with an equity value over $200,000.

The average home price has increased by 9% since 2013. The median home price has increased by 10%. The increase in the average home price can be attributed to several factors including population growth (the population in this zip code has grown by 6%), low interest rates (the Federal Reserve has kept interest rates low), and limited supply (there are only 1,912 homes for sale).

The percentage of homeownership in this zip code is 68%. The percentage of homeownership has decreased by 2% since 2013 but it is still higher than the national homeownership rate which is 63%. This decrease can be attributed to several factors including high mortgage rates (in 2014 mortgage rates were above 4%), limited inventory (only 1,912 homes for sale), and increasing costs associated with owning a home such as property taxes and maintenance costs.

The percentage of renters in this zip code is 32%. The percentage of renters has increased by 3% since 2013 but it is still lower than the national renter rate which is 37%. This increase can be attributed to several factors including high rental prices (in 2014 rental prices were above 3%), limited inventory (only 1,912 homes for sale), and increasing costs associated with renting such as property taxes and maintenance costs