Tulsa appreciation rates and housing market information

Tulsa housing market information

With 393,051 people, 179,491 houses or apartments, and a median cost of homes of $131,426, Tulsa real estate is some of the most expensive in Oklahoma, although Tulsa home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Tulsa, accounting for 62.16% of the city's housing units. Other types of housing that are prevalent in Tulsa include large apartment complexes or high rise apartments (25.92%), duplexes, homes converted to apartments, or other small apartment buildings (6.98%), row houses and other attached homes (3.36%), and a few mobile homes or trailers (1.46%).

People in Tulsa primarily live in small (one, two, or no bedroom) single-family detached homes. Tulsa has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tulsa's housing was primarily built during this period, from the '40s through the '60s. A full 43.42% of the city's housing hails from this era. Other housing ages represented in Tulsa include homes built between 1970-1994 (42.42%), and housing constructed from 1939 and earlier (9.46%). There's also some housing in Tulsa built between 1995 and later (4.70%).

Tulsa home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Tulsa, where house values have increased just 37.39%, which is an average annual increase of 3.73%. NeighborhoodScout's data show that in the latest quarter, Tulsa house values appreciated 1.89%, which is an annualized rate of 7.56%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Tulsa home appreciation rates, at 1.36%, have been at or slightly above the national average. In the latest quarter, Tulsa's appreciation rate has been 1.89%, which annualizes to a rate of 7.56%.

Importantly, this makes Tulsa one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oklahoma, our data show that Tulsa's latest annual appreciation rate is higher than 13% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tulsa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tulsa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Tulsa real estate investment or home purchase decisions.