Real Estate Investing in Tulsa, Oklahoma (74131)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74131 (Tulsa, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tulsa, OK (74131)?
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Market Analysis: 74131 Tulsa
The 74131 ZIP covers a section of Tulsa that demands careful diligence. Prices near $285K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 74131 can be a a viable market for hunting ground — but the discount at $285K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 74131 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 74131 ZIP's population of 2,317 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 74131, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74131
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $255,039 | $1,620 | 4.6% | +7.5% | $85,013 |
| 4BR | $458,188 | $1,880 | 3.0% | +6.6% | $114,547 |
Market Trends
Home Value History (with trend line)
📊 How Does 74131 Compare?
| Metric | 74131 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $285,145 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 4.8% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,107 | $1,269 | N/A | - |
| Cap Rate | 3.0% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74131 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,145 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74131
Population: 2,317
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 74131
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,605 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Tulsa, OK for real estate investors?
Tulsa, OK rates 3.0/5 for investability. With median values at $285K and rents near $1,107/mo, the market offers reasonable fundamentals for rental investors.
How do landlord-tenant laws work in Tulsa, OK?
OK ranks as a landlord-friendly state for landlord-tenant law. Tulsa generally follows the statewide framework, so landlords face reasonable operating rules.
What do landlords charge for rent in Tulsa, OK?
Rent in Tulsa, OK is around $1,107/mo. The resulting rent-to-value relationship with $285K pricing is reasonable for most investor models.
How high is vacancy risk in Tulsa, OK?
Vacancy risk in Tulsa, OK is elevated. That supports predictable cash flow for typical rental holds.
What approach is best for Tulsa, OK real estate?
The best-fit strategy in Tulsa, OK is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 74131 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74131 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 74131 ranks in Tulsa, OK
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