Real Estate Investing in Tulsa, Oklahoma (74128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74128 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Tulsa, OK (74128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74128 Tulsa
This part of Tulsa County is not an easy win. The 74128 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 74128 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OK, ZIP 74128 trails on several market indicators that neighboring Tulsa County submarkets outperform. The gap is real and solid enough to shape underwriting.
Demographically, 74128 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.
Strategy in 74128 is an operator game, not a passive one. On balance, entry prices of $163K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,471 | $1,220 | 7.5% | +9.7% | $58,236 |
| 3BR | $161,625 | $1,610 | 7.2% | +9.5% | $53,875 |
| 4BR | $196,397 | $1,860 | 6.8% | +8.3% | $49,099 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74128 Compare?
| Metric | 74128 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $162,675 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 6.3% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,311 | $1,269 | N/A | - |
| Cap Rate | 6.3% | 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 74128 (Tulsa, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74128 (Tulsa, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $162,675 |
| Monthly Rent | $1,311 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 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 (6.3%). 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 74128
Population: 13,586
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 74128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DISNEY ES
DOLORES HUERTA ES
LANIER ES
LINDBERGH ES
MACARTHUR 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 vacancy rate in Tulsa, OK?
Occupancy in Tulsa, OK runs consistent with elevated vacancy. Well-priced units at $1,311/mo lease on reasonable timelines.
What is the typical rental rate in Tulsa, OK?
Investors in Tulsa, OK typically see rents near $1,311/mo per month against $163K home values - a solid setup for rental cash flow.
How qualified is the tenant pool in Tulsa, OK?
The tenant pool in Tulsa, OK is solid, supported by local employment and population fundamentals. Rents of $1,311/mo are well-absorbed by the market.
Is OK a landlord-friendly state?
Landlord-friendliness in Tulsa, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How expensive is real estate in Tulsa, OK?
The median home value in Tulsa, OK is roughly $163K. That puts it reasonable relative to the OK statewide average.
You know 74128 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74128 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 74128 ranks in Tulsa, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 74128 (Tulsa)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74128 (Tulsa, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.