Real Estate Investing in Tulsa, Oklahoma (74132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74132 (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: 9.5% vacancy may signal weakening demand.
What’s happening in Tulsa, OK (74132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74132 Tulsa
The 74132 ZIP in Tulsa, OK is a local-operator market. Outside capital chasing a $307K entry has to pair deep knowledge with the discount.
For an experienced owner, 74132 can be a a solid fit for hunting ground — but the discount at $307K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 74132 among OK's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On balance, 10,629 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Tulsa's stable or hybrid ZIPs before stepping into 74132. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,081 | $1,310 | 6.4% | — | $74,041 |
| 3BR | $240,253 | $1,720 | 5.2% | +7.6% | $80,084 |
| 4BR | $484,868 | $2,000 | 3.0% | +6.5% | $121,217 |
| 5BR | $642,092 | — | — | +5.3% | $128,418 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74132 Compare?
| Metric | 74132 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $307,363 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,575 | $1,269 | N/A | - |
| Cap Rate | 4.0% | 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 74132 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $307,363 |
| Monthly Rent | $1,575 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.0%). 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 74132
Population: 10,629
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 74132
Schools in This ZIP Code
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
What monthly rent should investors expect in Tulsa, OK?
Rental rates in Tulsa, OK average $1,575/mo. Tenant demand and $307K home values make the yield look reasonable by investor standards.
What is the median home value in Tulsa, OK?
Typical homes in Tulsa, OK go for around $307K. The 5-year CAGR of 0.0% measured price movement.
Are there empty rentals in Tulsa, OK?
Vacancy in Tulsa, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,575/mo.
How strict are landlord regulations in Tulsa, OK?
Tulsa, OK operates under OK law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Which real estate strategy fits Tulsa, OK?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Tulsa, OK. The numbers - $307K homes against $1,575/mo rents - support that play.
You know 74132 now. You don’t know where it ranks.
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How 74132 ranks in Tulsa, OK
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