Oklahoma’s real estate landscape has drawn attention due to the soaring home values in recent years, particularly in the Oklahoma City-Edmond metro area and, to a lesser extent, Tulsa. A comprehensive examination of ZIP codes across the state, leveraging data from Zillow’s home value index and the Census Bureau, has outlined the most expensive neighborhoods in Oklahoma. This analysis, which covers data up to November 2024, provides keen insights into the state’s housing market, reflecting trends influenced by the COVID pandemic and other economic factors.
According to the latest analysis, ZIP code 73007, located primarily in Arcadia, emerges as the most expensive area in Oklahoma, showcasing an average home value of $510,145 as of November 2024. This region has a picturesque charm characterized by its small downtown area and secluded residences. High-income levels are evident in this zip code, with a median household income reaching $154,250, supplemented by an average income of $165,037. Notably, the home values in this area have surged by 34.1% since November 2019, indicating robust demand and appreciation in this affluent community.
Following closely is ZIP code 73025, which encompasses northwestern Edmond. Once merely a suburban extension of Oklahoma City, Edmond has transitioned into a thriving city of its own, reflecting affluence through elevated home values and incomes. Median household incomes stand at $176,808, with average incomes peaking at $224,556, exceeding those of the region’s leading ZIP code. The median home value in this area has escalated over 40% since November 2019, climbing to $479,343 in late 2024. This dramatic increase showcases the area’s desirability and resilience, solidifying its place as the second most expensive ZIP code in the state.
The third-highest ZIP code, 73173, spans southeastern Oklahoma City, marked by several upscale developments and proximity to Will Rogers World Airport. Although this area has a less affluent profile compared to 73007 and 73025, it still boasts solid income levels with an average household income of $154,906 and a median of $141,180. Home values have witnessed a 29% increase since 2019, reaching $422,662 by November 2024. Despite being slightly less pricey than the preceding ZIP codes, its growth trajectory emphasizes the overall trend of rising property values across Oklahoma.
In Tulsa, ZIP code 74137 ranks as the fourth most expensive, exhibiting a suburban atmosphere while still being incorporated within the city. This area is notable for its higher concentration of affluent households, with nearly 25% boasting annual incomes of $200,000 or more. The median household income of $103,963, paired with an average of $157,716, supports a burgeoning housing market in this locality. Home values in ZIP code 74137 have substantially increased by 40.2% since late 2019, culminating in a median value of $413,534 by November 2024, indicative of ongoing appreciation and investment in the region.
Lastly, ZIP code 73034 concludes the top five as another significant area within Edmond, characterized by modern developments and a vibrant community atmosphere. With around 24% of households earning $200,000 or above and nearly 20% bringing in between $100,000 and $150,000, the economic stability here supports healthy real estate values. The median household income is $113,296, while the average hovers at $148,406. As of late 2024, the median home value stands at $399,497, showcasing the balance between income levels and property prices that makes this area appealing, especially in contrast to markets in other parts of the country.
Overall, the examination of Oklahoma’s top ZIP codes for home values reveals a robust housing market characterized by escalating property values, high median incomes, and a significant demand for residences in desirable areas, particularly around Oklahoma City and Edmond. As economic conditions and demographic trends evolve, these neighborhoods beckon attention for their resilience and potential for continued growth in a post-pandemic landscape.
