74522, Alderson, OK

The 74522 zip code of Alderson, OK is located in the northeastern corner of Oklahoma. The area has a population of just over 10,000 and an average household income of just over $50,000. Home values in the zip code have been increasing steadily for the past several years, reaching a peak in 2017 before beginning to decline in 2018. At present, home values are estimated to be approximately $130,000.

One factor contributing to the increase in home values in the 74522 zip code is that there is a high demand for housing due to its proximity to major cities such as Tulsa and Oklahoma City. Additionally, Alderson is located within a desirable area that features plenty of amenities such as schools and shopping centers.

Despite these positive factors, there are some potential challenges that could impact home prices in the 74522 zip code. For example, if economic conditions worsen or if interest rates rise significantly from their current levels, then home values could decline significantly. In addition, there may be a limited supply of homes available for purchase due to restrictions on development imposed by local authorities or zoning laws.