Real Estate Investing in Tulsa, Oklahoma (74115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74115 (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: 14.1% of homes vacant — above national norms.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
What’s happening in Tulsa, OK (74115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74115 Tulsa
Investors eyeing 74115 need to respect the fundamentals at play. Home values of $119K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $119K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74115 is substantial and deserves full respect.
Nearby ZIPs in Tulsa have seen price recovery that 74115 has not matched. Tulsa County data supports the view that the spread is structural rather than temporary.
Demographically, 74115 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 74115 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,144 | $1,090 | 7.5% | +11.9% | $52,072 |
| 3BR | $123,767 | $1,430 | 8.3% | +11.7% | $41,256 |
| 4BR | $145,230 | $1,660 | 8.2% | +11.0% | $36,307 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74115 Compare?
| Metric | 74115 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $118,617 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 7.9% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,101 | $1,269 | N/A | - |
| Cap Rate | 7.2% | 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 74115 (Tulsa, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74115 (Tulsa, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $118,617 |
| Monthly Rent | $1,101 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.1% |
| Cap Rate | 7.2% |
| 5-Year IRR | 15.1% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +10.1% ▲ |
🏠 Rent Trends
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74115
Population: 23,657
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 74115
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 5,906 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Tulsa, OK?
Rent in Tulsa, OK is around $1,101/mo. The resulting rent-to-value relationship with $119K pricing is reasonable for most investor models.
What are vacancy rates like in Tulsa, OK?
Vacancy risk in Tulsa, OK is elevated. That supports predictable cash flow for typical rental holds.
What kind of market is Tulsa, OK for investors?
Tulsa, OK scores 4.0/5 for investability. Home values sit at $119K and rents near $1,101/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical renter like in Tulsa, OK?
Tenant demand in Tulsa, OK is solid. The local workforce $1,101/mo rents across most rental classes.
Is OK a landlord-friendly state?
OK ranks as a landlord-friendly state for landlord-tenant law. Tulsa generally follows the statewide framework, so landlords face reasonable operating rules.
You know 74115 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74115 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 74115 ranks in Tulsa, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 74115 (Tulsa)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74115 (Tulsa, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.