Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 411,401 people, 167,948 houses or apartments, and a median cost of homes of $188,851, house prices in Tulsa are solidly below the national average.
Single-family detached homes are the single most common housing type in Tulsa, accounting for 62.71% of the city's housing units. Other types of housing that are prevalent in Tulsa include large apartment complexes or high rise apartments ( 26.05%), duplexes, homes converted to apartments or other small apartment buildings ( 6.55%), and a few row houses and other attached homes ( 3.19%).
The most prevalent building size and type in Tulsa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.61% owning and 48.39% renting.
There is a lot of housing in Tulsa built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tulsa built between 1940-1969 ( 37.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.86%). There's also some housing in Tulsa built before 1939 ( 8.75%).
Vacant housing appears to be an issue in Tulsa. Fully 12.41% of the housing stock is classified as vacant. Left unchecked, vacant Tulsa homes and apartments can be a drag on the real estate market, holding Tulsa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Tulsa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.53% during the period.
Appreciation rates are so strong in Tulsa that despite a nationwide downturn in the housing market, Tulsa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tulsa appreciation rates continue to be some of the highest in America, at 14.10%, which is higher than appreciation rates in 80.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tulsa. Tulsa appreciation rates in the latest quarter were at 1.49%, which equates to an annual appreciation rate of 6.08%.
Relative to Oklahoma, our data show that Tulsa's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Tulsa real estate investment or home purchase decisions.
Low for Nation
High for OK