74447, Okmulgee, OK

The 74447 zip code of Okmulgee, OK is located in the southeastern part of the state and has a population of approximately 10,000. The median home value in this zip code is $92,500 and the median home equity is $53,000. There are a total of 1,811 homes in this zip code and 5% of them are vacant. The average commute time to work is 26 minutes.

Okmulgee has been experiencing steady growth over the past few years and this can be seen in both home values and home equity levels. In fact, according to Zillow’s recent report on Home Values & Equity in Oklahoma City- Oklahoma County- Tulsa Metropolitan Area (OKC-OK), Okmulgee’s median home value increased by 8% from 2016 to 2017 while its median home equity increased by 11%. This strong growth trend is likely due to several factors including an improving economy statewide as well as increasing demand for housing within the local area.

While Okmulgee’s growth rate appears to be continuing into 2018 so far, there are some areas that may see slower growth or even decline such as Tulsa which experienced a decrease in both home values (-5%) and home equity (-7%) from 2017 to 2018 according to Zillow’s report mentioned earlier. This could be due to various factors such as tighter lending standards or a slowdown in overall economic activity within Tulsa which could impact both buyers and sellers alike. However, overall it seems that Okmulgee homeowners are benefitting from continued strong demand for housing within their local area which should continue into the future.