74761, Swink, OK

The 74761 zip code of Swink, OK is located in the Tulsa metro area and has a population of just over 10,000. Home prices in this zip code have increased significantly over the past few years, reaching a median sale price of $137,500 in 2016. This is an increase of almost 50% from the median sale price of $82,500 recorded in 2013.

One reason for this rapid increase in home prices is that Swink is located near many affluent areas such as Broken Arrow and Jenks. These areas are attracting a large number of new residents who are looking for homes that are within close proximity to good schools and jobs. Additionally, Swink has seen strong growth in the number of luxury homes being built here which also contributes to the high median sale price.

Despite these positive factors, there are some risks associated with buying a home in Swink. One issue is that interest rates have been relatively low recently which may not be sustainable over the long term. Additionally, there may be limited inventory available when buyers want to purchase a home, especially if they are looking for properties that fall within desirable neighborhoods.