73056, Marshall, OK

The Marshall, OK 73056 zip code has a population of around 10,000 people and is located in the northeastern part of the state. The median home value in this zip code is $128,900 which is about average for Oklahoma. The home equity in this zip code has been growing at a rate of about 6% annually over the past five years. This indicates that there are a lot of potential homeowners who are looking to invest in their homes.

One reason why home equity growth has been strong in the Marshall, OK 73056 zip code is because there are a lot of new homes being built here. Over the past five years, there have been an average of 2 new homes being built per month which is significantly higher than the national average of 1 per month. This indicates that there is a lot of demand for housing in this area and that builders are confident that prices will continue to rise.

Another factor contributing to the high home equity growth rate in the Marshall, OK 73056 zip code is that interest rates are low right now. This means that homeowners can get a good return on their investment by refinancing their mortgages or using Home Equity Lines Of Credit (HELOCs). In addition, many people here have taken out second mortgages or other types of loans to help them buy their homes and they also benefit from low interest rates because these loans also have low interest rates.

Overall, it appears that there are many reasons why home equity growth has been strong in the Marshall, OK 73056 zip code over the past few years and it looks like this trend will continue into future years as well. If you're thinking about buying or refinancing your home in this area, it's important to keep these factors in mind so you can make an informed decision about whether or not to do so.