74501, Mcalester, OK

Home Equity and Home Prices in the 74501 Zip Code of Mcalester, OK

The home equity and home prices in the 74501 zip code of Mcalester, OK are very important to residents. The average home value in this zip code is $141,000. This is a relatively high value for a zip code with a population of just over 10,000 people. The median household income in this zip code is also quite high at $51,500. This means that many residents have a lot of money saved up which they can use to buy or improve their homes.

There are several factors that contribute to the high home values in this zip code. First, Mcalester is located in an affluent area of Oklahoma. Second, there are plenty of homes available for sale here due to the recent economic recession. Finally, many residents have been able to get mortgages that offer high interest rates which help to boost their home equity values even further.