Tulsa, Oklahoma

Market

Market Profile:

The greater Tulsa, Oklahoma area offers a strong opportunity for investing in cash-flowing residential real estate. Here’s why investors are drawn to Tulsa:

1. Affordable Housing Prices

  • Tulsa has low entry prices, often below the national average, making it easier to acquire properties that cash flow immediately.
  • Many investors can find properties under $150,000 with monthly rents exceeding 1% of the purchase price—ideal for cash flow.

2. Strong Rent-to-Price Ratios

  • Tulsa’s rent-to-value ratios are favorable for buy-and-hold investors, especially in stable working-class neighborhoods.
  • Properties in areas like Broken Arrow, Jenks, and Midtown offer reliable rental demand and above-average yields.

3. Stable, Diversified Economy

  • While historically tied to oil and gas, Tulsa has diversified into aerospace, health care, manufacturing, and tech.
  • Major employers like American Airlines, Saint Francis Health System, and ONEOK create consistent demand for housing.

4. Landlord-Friendly Legislation

  • Oklahoma’s pro-landlord laws extend to Tulsa, allowing for relatively fast and inexpensive evictions and fewer regulatory hurdles than in tenant-friendly states.

5. Low Operating Costs

  • Property taxes, insurance, and maintenance costs are relatively low, boosting net operating income and long-term profitability.

6. Growing Population and Redevelopment Initiatives

  • Tulsa has seen steady population growth and in-migration, particularly of remote workers attracted by affordability and quality of life.
  • The Tulsa Remote program offers incentives to remote workers, driving demand for rentals in central and walkable areas.

7.  Revitalization and Urban Investment

  • The city has heavily invested in improving public spaces and downtown infrastructure—e.g., the Gathering Place, a nationally recognized park.
  • Revitalized areas like Kendall-Whittier and Pearl District are drawing new residents and small businesses, hinting at appreciation potential.

8. Cash Flow + Moderate Appreciation

  • Tulsa is primarily a cash-flow market, but select submarkets show signs of modest but steady appreciation—ideal for long-term wealth building.

 

In short, Tulsa combines low cost of entry, reliable rental demand, and landlord-friendly policies, making it an ideal market for investors focused on steady monthly income and potential long-term gains.

Quick Facts:


Population
: More than 1,000,000
Metro Size: 420,000
GDP Per Capita: $55,436
Cost of Living:  Family of four: $4,190/month
Area: 113.85 square miles
Elevation: 201.85 sq mi
Region: The South
Time Zone: Central (UTC-6/CST, UTC-5/CDT)

Resources

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Climate:

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