74604, Ponca City, OK

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Ponca City, OK, the average home equity was $101,000 in 2016. This means that homeowners had more than enough money left over after they paid off their mortgages and other related debts.

The average home price in Ponca City was $128,500 in 2016. This means that homeowners were able to sell their homes for more than they owed on them. This is good news for homeowners who want to stay in their homes and avoid foreclosure or another financial crisis.

However, there are some risks associated with having a high home equity. If interest rates rise or the housing market crashes, homeowners could lose a lot of money very quickly. It's important to have enough savings to cover any unexpected expenses like this.