74653, Tonkawa, OK

The 74653 zip code of Tonkawa, OK is located in the northwestern corner of the state and includes a population of just over 5,000 people. The median home value in this zip code is $128,900 which is considerably lower than the statewide median home value of $174,500. However, despite being one of the lowest-valued zip codes in Oklahoma, Tonkawa still has a high rate of homeownership at nearly 82%. This indicates that there are a lot of people who are very comfortable with their homes and are not interested in selling or refinancing them.

One reason why homeownership rates are so high in this area may be because there is not a lot of available land for development. This means that there are not as many opportunities for people to buy homes on speculation or to invest money in property development projects. Instead, most residents here seem to be very content with their current homes and are not looking to sell or upgrade them anytime soon.

Another factor that may contribute to the high homeownership rate in Tonkawa is the low cost of living. In general, housing costs are much lower here than they are statewide and this makes it more affordable for families to buy homes. Additionally, there aren't as many luxury properties available in this area which means that even people who can afford higher-priced homes don't have to worry about spending an excessive amount of money each month on rent or mortgage payments.