74804, Shawnee, OK

The Shawnee, OK 74804 zip code has a population of around 24,000 people and is located in the northeast corner of Oklahoma. The area is primarily rural with a few small towns and villages scattered throughout. Home prices in the Shawnee area have been on the rise for the past several years, reaching an all-time high of $269,900 in 2017. This has led to an increase in home equity for residents of the 74804 zip code. As of September 2018, home equity in this area was estimated at $287,200.

One reason that home prices have been increasing so rapidly in the Shawnee area is that there are a limited number of homes available for sale. In addition, many people who live in this area are either retired or nearing retirement age and are interested in buying a home rather than renting one. Finally, many people who live in the Shawnee area work at companies that are located nearby and can commute to work easily. These factors have led to an increase demand for homes in the Shawnee area and have driven up prices accordingly.

While there is certainly room for growth within the Shawnee area housing market, it is important to keep things perspective when looking at these figures. For example, while home equity values have increased by over 50% since 2013 alone, this still only amounts to about one-third of median household income nationwide ($101K vs $160K). So while there may be some pockets within America where housing values are skyrocketing out of reach for most people, it appears that this isn’t currently happening within the 74804 zip code – at least not yet!