74726, Bokchito, OK

The 74726 zip code of Bokchito, OK has a median home value of $137,200 and a median home equity value of $101,000. These values are significantly lower than the national median home value of $217,500 and median home equity value of $146,000. The 74726 zip code is also significantly lower than the state median home value of $177,600 and median home equity value of $130,000.

There are several factors that may contribute to the low values in the 74726 zip code. First, Bokchito is located in an economically depressed area of Oklahoma. This may lead to a lack of demand for homes in this area and consequent low prices. Second, there is a high concentration of single-family homes in the 74726 zip code which may limit opportunities for investors or homeowners to subdivide their properties or build new homes on vacant land. Finally, many homeowners in the 74726 zip code have taken out high-interest loans to purchase their homes which may have increased their debt burdens and reduced their available equity reserves.