74070, Skiatook, OK

The 74070 zip code is located in Skiatook, OK and has a population of around 1,000. The median household income in the 74070 zip code is $47,500 and the median home value is $130,000. The average credit score for residents in the 74070 zip code is 680.

There has been a steady increase in home values over the past few years in the 74070 zip code. In 2013, the median home value was $120,000 and by 2016 it had increased to $130,000. This trend seems to be continuing as of 2018 with the median home value being $135,000. This indicates that there are plenty of buyers and sellers in this area and that prices are likely to continue increasing over time.

One factor that may be contributing to this increase in home values is that Skiatook has been experiencing strong economic growth over recent years. According to data from Zillow, Skiatook has seen an annualized growth rate of 3.5% between 2015 and 2018 which ranks it as one of the fastest-growing cities in Oklahoma. This strong economy may be attracting new residents and businesses to the area which will lead to more demand for homes and property prices will continue to rise accordingly.

Another reason why home values are likely to continue increasing in the 74070 zip code is that there are relatively few homes for sale compared to other areas of similar size within Oklahoma City metropolitan area. As a result, buyers have more opportunity to purchase a desirable property at a fair price than they would if there were more available options available on the market.