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 a population of 411,867, 169,783 total housing units (homes and apartments), and a median house value of $219,386, 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 62.34% of the city's housing units. Other types of housing that are prevalent in Tulsa include large apartment complexes or high rise apartments ( 26.48%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few row houses and other attached homes ( 3.21%).
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 51.23% owning and 48.77% 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 ( 37.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.94%). There's also some housing in Tulsa built before 1939 ( 8.85%).
Vacant housing appears to be an issue in Tulsa. Fully 11.68% 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 6.15% during the period.
Over the last year, Tulsa appreciation rates have trailed the rest of the nation. In the last twelve months, Tulsa's appreciation rate has been 4.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tulsa were at 0.66%, which equates to an annual appreciation rate of 2.67%.
Relative to Oklahoma, our data show that Tulsa's latest annual appreciation rate is lower than 70% 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.
$219,386
for Oklahoma
for nation
169,783
$1,512 / per month