Real Estate Investing in Tulsa, Oklahoma (74137)
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Should you buy in 74137 (Tulsa, OK)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 31.4 — hard to cash-flow at these prices.
What’s happening in Tulsa, OK (74137)?
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Market Analysis: 74137 Tulsa
ZIP 74137 inside Tulsa County looks affordable on the surface — median value of $439K — but the discount exists for reasons that a careful buyer should understand before committing.
The 74137 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Tulsa have seen price recovery that 74137 has not matched. Tulsa County data supports the view that the spread is structural rather than temporary.
Resident income in 74137 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 74137 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Tulsa:
Property Strategy for 74137
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,131 | $1,400 | 5.7% | +7.9% | $88,066 |
| 3BR | $309,350 | $1,840 | 4.3% | +6.7% | $103,117 |
| 4BR | $473,108 | $2,140 | 3.3% | +6.6% | $118,277 |
| 5BR | $713,863 | — | — | +6.2% | $142,773 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74137 Compare?
| Metric | 74137 | Tulsa | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $439,162 | $103,506 | N/A | $214,563 |
| 5-Year CAGR | 5.0% | 5.9% | N/A | 6.9% |
| Avg Rent | $1,164 | $1,269 | N/A | - |
| Cap Rate | 2.1% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74137 (Tulsa, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $439,162 |
| Monthly Rent | $1,164 |
| Price-to-Rent | 31.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 74137
Population: 28,398
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 74137
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
MCCLURE 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
Frequently Asked Questions
What is the rental occupancy rate in Tulsa, OK?
Tulsa, OK vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the tenant pool like in Tulsa, OK?
The tenant pool in Tulsa, OK is solid, supported by local employment and population fundamentals. Rents of $1,164/mo are well-absorbed by the market.
Is Tulsa, OK a good place for real estate investing?
Yes - Tulsa, OK a 3.0/5 investability score. With $439K home prices against $1,164/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is house hacking profitable in Tulsa, OK?
House hacking in Tulsa, OK is reasonable to execute. Prices around $439K and rents of $1,164/mo solid owner-occupant economics.
How much do tenants pay in Tulsa, OK?
Rent in Tulsa, OK is around $1,164/mo. The resulting rent-to-value relationship with $439K pricing is reasonable for most investor models.
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How 74137 ranks in Tulsa, OK
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