Real Estate Investing in Tulsa, Oklahoma (74129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74129 (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: 8.7% vacancy may signal weakening demand.
What’s happening in Tulsa, OK (74129)?
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Market Analysis: 74129 Tulsa
This part of Tulsa County is not an easy win. The 74129 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 74129 can be a a viable market for hunting ground — but the discount at $196K reflects genuine risk that outside investors often underestimate.
Regionally, 74129 sits on the difficult end of the OK spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 74129 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 74129 is an operator game, not a passive one. Meanwhile, entry prices of $196K 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 74129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,559 | $1,080 | 5.3% | +9.6% | $73,280 |
| 3BR | $188,958 | $1,420 | 5.4% | +9.1% | $62,986 |
| 4BR | $222,681 | $1,650 | 5.3% | +8.1% | $55,670 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74129 Compare?
| Metric | 74129 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $195,737 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 6.6% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,493 | $1,269 | N/A | - |
| Cap Rate | 6.0% | 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 74129 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,737 |
| Monthly Rent | $1,493 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 74129
Population: 18,764
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 74129
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
LEWIS AND CLARK ES
PEARY ES
KERR ES
LANIER ES
LINDBERGH 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
Should investors consider Tulsa, OK?
The 3.0/5 investability rating in Tulsa, OK reflects its $196K prices and $1,493/mo rents. Investors generally consider it a solid option within OK.
How deep is the rental pool in Tulsa, OK?
The tenant pool in Tulsa, OK is solid, supported by local employment and population fundamentals. Rents of $1,493/mo are well-absorbed by the market.
What investment strategy works best in Tulsa, OK?
In Tulsa, OK the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $196K prices and $1,493/mo rents suits that approach.
How tight is the rental market in Tulsa, OK?
Vacancy risk in Tulsa, OK is elevated. That supports reliable cash flow for typical rental holds.
Are landlord laws favorable in Tulsa, OK?
Tulsa, OK operates under OK law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
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How 74129 ranks in Tulsa, OK
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