74872, Stratford, OK

The Stratford, OK 74872 zip code has a population of approximately 10,000 people. The median household income in the Stratford area is $51,000, and the median home value is $128,000. The average home equity in the Stratford area is $87,500.

There are a number of factors that contribute to the high home equity values in the Stratford area. First and foremost, Stratford is a desirable location with excellent schools and access to numerous amenities. Additionally, there are relatively few homes for sale in the area compared to other areas of Oklahoma City or Tulsa. As a result, homeowners have plenty of opportunity to increase their home equity by refinancing or selling their property at a higher price than it was purchased for.

Despite these positive factors, there are some challenges facing homeowners in the Stratford area. One issue is that interest rates have been relatively low recently which has made it difficult for homeowners to get loans for larger purchases such as new homes or renovations. Additionally, prices may rise faster than incomes over time if there are no changes to current market conditions or if new development occurs nearby that increases demand for housing units.