Zip Code:

73717, Alva, OK

73717 is a Oklahoma Zip code within the city of Alva and the county of Woods. Its population is roughly 7,018.

The Real Estate Market in the 73717 Zip Code of Alva, OK

There is no definitive answer to the question of whether home equity or home prices are more important to a person's overall financial security. However, there are a few factors that can help give some indication as to which may be more important for someone in the 73717 zip code of Alva, OK.

First and foremost, it is important to consider each individual's unique financial situation. Some people may feel more secure if they have a large amount of equity in their homes, while others may feel more secure if their homes are worth a higher price tag. Additionally, it is important to keep in mind that home equity and home prices can vary greatly from one area of the country to another. Therefore, it would be foolish for someone to rely solely on these figures when making decisions about their own financial security.

When looking at both home equity and home prices in the 73717 zip code of Alva, OK, it is evident that both figures have been on the rise over recent years. In fact, according to The Wall Street Journal , Alva has seen its median home value increase by nearly 60% since 2007! This trend appears likely to continue over the next few years as well – according to Zillow , Alva's median house value is currently $163,000 which puts it within striking distance of Oklahoma City's $179,000 median value!

While this increase in values undoubtedly represents an improvement for many people living in Alva – and across America as a whole – there are also some potential risks associated with such high levels of homeownership. For example, if one were unable to sell their home during periods of increased demand (such as during an economic recession), they could find themselves facing significant financial hardship. Additionally, if interest rates were ever increased significantly from current levels (which seems increasingly unlikely), homeowners could find themselves struggling financially due to rising mortgage payments or other associated costs.

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