Tulsa, Oklahoma Housing Market Prices
Tulsa Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 50% above the Oklahoma median$200,044
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Median rent 4% above the Oklahoma median$1,056
Housing Market Overview
| Metric | Tulsa | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,044 | $133,462 | $248,835 |
| Price Trend (Annual %) | 9.6% | 5.4% | 7.5% |
| Median Gross Rent | $1,056 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tulsa is about 50% higher than in Oklahoma. Rent is about 4% higher than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tulsa, up about 9.6% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Tulsa rose about 41.4% between 2015 and 2024, from $747 to $1,056. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Tulsa.
Buying the median-priced home in Tulsa costs roughly 15.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tulsa. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Tulsa | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,044 | $133,462 | $248,835 |
| Median Household Income | $60,351 | $65,606 | $80,455 |
| Price-to-Income Ratio | 3.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tulsa rose about 81.1%, while median household income rose about 49.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tulsa | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.7% | 57.9% | 58.5% |
| Rental Rate | 43.1% | 30.1% | 31.2% |
| Vacancy Rate | 10.2% | 12.0% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Tulsa has a homeownership rate of 46.7%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 10.2%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Tulsa | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1971 | 1981 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Tulsa was built around 1971. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Tulsa, OK Housing Compared With Nearby Cities
How Tulsa, OK compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tulsa, OK | 412,712 | $200,044 #3/3 | $1,056 #3/3 | 52.0% #3/3 |
| Jenks, OK | 23,435 | $416,703 | $1,578 | 77.8% |
| Broken Arrow, OK | 112,740 | $271,797 | $1,336 | 72.7% |
Frequently Asked Questions
Common questions about the housing market in Tulsa, Oklahoma.
What is the median home price in Tulsa, Oklahoma?
The median home price in Tulsa, Oklahoma is $200,044, higher than the Oklahoma average of $133,462.
What is the average home price in Tulsa, Oklahoma?
The typical home price in Tulsa, Oklahoma, reported as the median sale price, is $200,044. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Tulsa, Oklahoma?
The median gross rent in Tulsa, Oklahoma is $1,056 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Tulsa in 2020?
In 2020, the median gross rent in Tulsa, Oklahoma was $843 per month.
What is the price-to-rent ratio in Tulsa, Oklahoma?
The price-to-rent ratio in Tulsa, Oklahoma is about 15.8, meaning it would take roughly 15.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tulsa.
Are home prices or rent rising faster in Tulsa, Oklahoma?
Both home prices and rent are rising in Tulsa, up about 9.6% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tulsa, Oklahoma?
46.7% of households in Tulsa, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Tulsa, Oklahoma?
The housing vacancy rate in Tulsa, Oklahoma is 10.2%, lower than the Oklahoma average of 12.0%.
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