74437, Henryetta, OK

Home Equity and Home Prices in the 74437 Zip Code of Henryetta, OK

The home equity and home prices in the 74437 zip code of Henryetta, OK are very high. The median home value in this zip code is $269,000, which is more than triple the median home value in the state of Oklahoma. In addition, the average home equity loan amount in this zip code is $137,000, which is also significantly higher than the average loan amount across all zip codes in Oklahoma. This indicates that many homeowners in this area have a lot of equity in their homes.

One reason for this high level of equity may be that there are a lot of affluent residents living in this zip code. The percentage of households earning over $100,000 annually is well above the state average and even higher than the national average. Additionally, there are a lot of young families living here too – nearly one-third of households are headed by someone under 35 years old. This suggests that many homeowners here have been able to build up a significant level of equity over time.

However, despite these high levels of equity, it's important to remember that home prices can still decline over time. So if you're thinking about buying or selling a home in this area, be prepared for potential challenges down the road.