74074, Stillwater, OK

The Stillwater, OK 74074 zip code has a population of around 38,000 people. The median household income in the area is $59,000 and the median home value is $158,000. The home equity and home prices in the Stillwater, OK 74074 zip code are both relatively high when compared to other areas of the country.

There are a number of reasons why the home equity and home prices in the Stillwater, OK 74074 zip code are high. First, Stillwater is a relatively affluent area with a high median household income. Second, there is a large number of wealthy residents in the area who can afford to buy homes at high prices. Third, there is little competition for homes in the Stillwater, OK 74074 zip code which leads to higher prices. Fourth, there is limited inventory of homes available for sale which drives up prices even more. Fifth, homeownership rates in the Stillwater, OK 74074 zip code are high which contributes to higher home values. Sixth, interest rates are low which makes it easier for people to borrow money to buy homes. Seventh, homeowners have access to generous homeowner's insurance policies which protect their property from damage and theft. Eighth, zoning laws in the Stillwater, OK 74074 zip code allow for more dense development than most other areas of Oklahoma so there are more homes available for sale at any given time. Ninth and finally,.the economy has been strong over recent years which has helped drive up home values even further