74955, Sallisaw, OK

The 74955 zip code of Sallisaw, OK is located in the northeast corner of the state and has a population of just over 10,000. The median home value in this zip code is $128,500, which is significantly lower than the statewide median home value of $177,500. However, when compared to other zip codes in Oklahoma with a similar population size (zip codes with populations between 10,000 and 50,000), the home values in the 74955 zip code are much higher. For example, the median home value in the 74759 zip code of Tulsa is only $92,700 while the median home value in the 74034 zip code of Muskogee is only $72,100.

One reason why home values are higher in this particular zip code than elsewhere in Oklahoma may be due to its proximity to major metropolitan areas such as Tulsa and Muskogee. Additionally, Sallisaw is located within an agricultural region that has seen strong growth over recent years due to increased demand for agricultural products from nearby states such as Texas and Arkansas. This growth has led to increased demand for housing near these areas and consequently higher home values.

Despite being located within an affluent region and having high home values relative to other areas of Oklahoma, there are still many households living below poverty level in the 74955 zip code. In fact, approximately 20% of households living in this zipcode fall below poverty level according to data from 2016. This high rate of poverty may be partially attributable to low incomes generated by low levels of employment opportunities within this area or by low wages paid by local businesses. Additionally, many residents may be struggling financially because they have difficulty making monthly mortgage payments or they have large amounts outstanding on their mortgages.