74136, Tulsa, OK

The 74136 zip code of Tulsa, OK has a population of over 316,000 people and a median home value of $128,900. The home equity in this zip code is high compared to other areas in the Tulsa metro area. In 2016, the average home value in the Tulsa metro area was $106,200. The 74136 zip code had an average home equity of $142,700 in 2016. This is more than double the average home equity for the Tulsa metro area.

There are several factors that contribute to the high home equity in the 74136 zip code of Tulsa. First, there is a high concentration of affluent families in this area. Second, there are a lot of luxury homes available for sale in this zip code. Third, many people who live in this zip code have been able to take advantage of low interest rates over the past few years. Fourth, homeownership rates are high in this zip code compared to other areas of Tulsa. Fifth, property values have increased significantly over the past few years due to strong economic growth within the Tulsa metro area.

Despite these positive factors, there are some risks associated with having high home equity in the 74136 zip code of Tulsa. First, if interest rates rise significantly from their current levels or if housing prices decline significantly from their current levels then many homeowners could find themselves struggling to pay off their mortgages and/or owe more on their homes than they originally thought they would when they bought them. Second, if there is a significant economic downturn within the Tulsa metro area then many homeowners who rely on income generated from their homes may find themselves unable to make mortgage payments or afford food and shelter during tough times.