Real Estate Investing in Tulsa, Oklahoma (74106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74106 (Tulsa, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 18.5% of homes vacant — above national norms.
- Elevated poverty: 28.4% poverty rate — can affect rent collection.
- Lower household income: $35,299 median — tenant affordability is tighter.
What’s happening in Tulsa, OK (74106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74106 Tulsa
Homes in the 74106 ZIP trade near $114K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,234/mo support the pro forma.
Investors in 74106 do not buy the market average — they buy the unit they can improve. $114K median pricing and $1,234/mo comps define the envelope within which the work has to pay.
Regionally, 74106 sits on the affordable end of the Tulsa County map. From a cash-flow lens, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
Residents in 74106 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $96,538 | $1,080 | 8.1% | +13.1% | $48,269 |
| 3BR | $133,588 | $1,420 | 7.7% | +10.0% | $44,529 |
| 4BR | $155,416 | $1,650 | 7.6% | +8.4% | $38,854 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74106 Compare?
| Metric | 74106 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $114,099 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 7.1% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,234 | $1,269 | N/A | - |
| Cap Rate | 8.4% | 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 74106 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $114,099 |
| Monthly Rent | $1,234 |
| Price-to-Rent | 7.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.0% |
| Cap Rate | 8.4% |
| 5-Year IRR | 15.6% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +11.4% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (8.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74106
Population: 15,974
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 74106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
TRAICE MS
ANDERSON ES
SEQUOYAH ES
FELICITAS MENDEZ INTL SCHOOL
TRAICE
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 viable is house hacking in Tulsa, OK?
Tulsa, OK is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $114K price point reasonable to enter.
What strategy should investors use in Tulsa, OK?
In Tulsa, OK the impressive play is typically value-add and BRRRR deals. The combination of $114K prices and $1,234/mo rents suits that approach.
Does Tulsa, OK rent-to-price ratio clear the 1% rule?
The median property in Tulsa, OK ($114K at $1,234/mo rent) a 1.08% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
How much should I expect to pay for a home in Tulsa, OK?
Tulsa, OK home values average about $114K. That price point suits investors targeting rentals with $1,234/mo in monthly income.
What is the average monthly rent in Tulsa, OK?
Investors in Tulsa, OK typically see rents near $1,234/mo per month against $114K home values - a solid setup for rental cash flow.
You know 74106 now. You don’t know where it ranks.
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How 74106 ranks in Tulsa, OK
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