Real Estate Investing in Tulsa, Oklahoma (74108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74108 (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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Tulsa, OK (74108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74108 Tulsa
Looking more closely, ZIP 74108 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $182K median. It rewards specialists, not generalists.
Rent of $1,450/mo on a $182K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 74108 sits below the stated 0.0% once reality is priced in.
Within OK, ZIP 74108 trails on several market indicators that neighboring Tulsa County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Employment concentration in 74108 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $169,004 | $1,680 | 7.2% | +9.8% | $56,335 |
| 4BR | $212,345 | $1,950 | 6.6% | +8.8% | $53,086 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74108 Compare?
| Metric | 74108 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $182,040 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 7.2% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,450 | $1,269 | N/A | - |
| Cap Rate | 6.2% | 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 74108 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,040 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.2% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (6.2%). 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 74108
Population: 7,530
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 74108
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
BOEVERS ES
ROSA PARKS ES
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 2,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Tulsa, OK?
In Tulsa, OK the median home value sits at $182K. Against the broader OK market, that reads as reasonable for most investors.
How strong is tenant demand in Tulsa, OK?
Working renters make up the core of the Tulsa, OK tenant base. The pool is reasonable for investors targeting long-term holds.
Can I house hack in Tulsa, OK?
Tulsa, OK is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $182K price point reasonable to enter.
What is the typical rental rate in Tulsa, OK?
Investors in Tulsa, OK typically see rents near $1,450/mo per month against $182K home values - a solid setup for rental cash flow.
Is OK a landlord-friendly state?
The landlord environment in Tulsa, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 74108 now. You don’t know where it ranks.
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How 74108 ranks in Tulsa, OK
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