Tulsa’s Housing Market Trends: Buying, Renting, and Where People Are Moving

Tulsa, Oklahoma is gaining attention as a growing hub for remote work, affordable living, and economic development. Located in the northeastern part of the state, Tulsa has a population of around 400,000 people and serves as a regional center for energy, technology, and healthcare.

Understanding the housing trends in mid-sized cities like Tulsa helps buyers, renters, and policymakers make informed decisions. This article explores the current state of Tulsa's real estate market, including home buying activity, rental market dynamics, and where people are choosing to move.

By looking at these key areas, we can better understand how Tulsa is evolving as a place to live and invest.

Tulsa's Real Estate Market Overview

Tulsa's housing market has seen steady growth over the past few years. As of early 2025, the median home price in Tulsa sits around $230,000 — significantly below the national average, which hovers near $380,000.

Compared to previous years, home values have risen by about 6% year-over-year, while inventory levels remain moderate. There are enough homes on the market to give buyers some choice, but not so many that prices drop.

Several factors shape this market:

Remote Work Growth: With more professionals working from home, Tulsa offers a cost-effective alternative to larger metro areas.
Economic Development: Investments in tech startups and infrastructure projects bring new jobs and residents.
City Incentives: Programs aimed at attracting talent and supporting local businesses also influence housing demand.

These trends show Tulsa as a city on the rise, with real estate playing a central role in its growth story.

Buying Trends in Tulsa

The Tulsa housing market leans slightly toward sellers, though it remains balanced compared to hotter markets like Austin or Denver.

Supply vs. Demand

Homes sell within an average of 45 days.
Inventory levels are stable, with about 4 months' worth of housing stock available.

Popular Neighborhoods

Buyers often look to Midtown Tulsa, Brookside, and the East Village area.
These neighborhoods offer walkability, good schools, and access to restaurants and shops.

Interest Rates and Affordability

Mortgage rates in 2025 remain relatively high, averaging between 6.2% and 6.5% for a 30-year loan.
Still, lower home prices help offset higher borrowing costs.

New vs. Existing Homes

New construction accounts for roughly 25% of total sales.
Some buyers prefer newer builds for updated features and lower maintenance needs.

Overall, Tulsa offers a favorable environment for homebuyers who are ready to act quickly in competitive areas.

Rental Market Dynamics

Rental demand in Tulsa has grown steadily, especially among younger adults and remote workers who may not be ready to buy.

Average Rent

Across Tulsa, the average monthly rent for a one-bedroom apartment is about $1,000.
In popular neighborhoods like Downtown Tulsa or Cherry Street, rents can go up to $1,300 or more.

Year-over-Year Changes

Rents have increased by approximately 5% since 2023.
This rise reflects both higher demand and rising property management costs.

Investor Activity

Many investors own multi-family units in Tulsa.
They benefit from strong cash flow due to consistent tenant turnover and affordable property prices.

Tenant Protections and Rules

Tulsa does not have strict rent control laws.
However, landlords must follow state rules for security deposits, eviction notices, and habitability standards.

For renters, Tulsa remains a budget-friendly option compared to larger U.S. cities, though affordability challenges are starting to appear in certain parts of town.

Migration Patterns: Who is Moving In (and Out)?

Migration plays a big role in shaping Tulsa's housing market. The city continues to attract new residents through programs like Tulsa Remote , which offers financial support to remote workers who relocate to the area.

Who's Coming In?

Remote workers from bigger cities
Young professionals seeking job opportunities
Retirees looking for a slower pace and lower costs

Influence of Tulsa Remote

Since its launch, the program has brought in thousands of new residents.
Participants receive up to $10,000 to relocate and connect with the local community.

Domestic vs. International Migration

Most new arrivals come from other U.S. states, especially California, Texas, and New York.
International migration remains modest, though Tulsa welcomes immigrants through employment and education channels.

Outmigration Concerns

Some long-time residents leave Tulsa for larger cities or warmer climates.
However, overall net migration remains positive, meaning more people arrive than leave.

This mix of movement shows Tulsa as a growing destination, especially for those seeking value and opportunity.

Neighborhood Spotlight: Where Are People Settling?

Certain neighborhoods in Tulsa stand out for their popularity among new residents. Here are five top areas:

1. Midtown Tulsa

Known for its arts scene and historic charm
Home to the Philbrook Museum and several theaters
Median home price: $275,000

2. Brookside

Walkable district with shops, cafes, and parks
Close to downtown and major employers
Median rent: $1,250 per month

3. East Village

Up-and-coming area near the Greenwood District
Offers modern apartments and mixed-use developments
Popular with young professionals

4. Jenks

Located just south of Tulsa across the river
Strong school system and family-friendly vibe
Median home price: $320,000

5. Utica Square Area

Upscale neighborhood with luxury shopping and dining
Proximity to medical centers and law firms
High-end rentals and condos dominate the market

Each of these neighborhoods offers something different, making Tulsa a diverse and attractive place to live.

Challenges and Opportunities

While Tulsa's housing market is growing, it faces several challenges and opportunities moving forward.

Affordability and Gentrification

Rising home prices and rents are beginning to affect lower-income communities.
Some neighborhoods are seeing changes in character due to new investment.

Housing Shortages

Builders struggle to keep up with demand, especially for starter homes.
Zoning rules and land availability limit new housing supply in some areas.

Equity Issues

Access to quality housing varies across different parts of the city.
Efforts are underway to expand affordable housing options and support first-time buyers.

Future Outlook

Continued interest from remote workers and small businesses should sustain growth.
More public-private partnerships could help address housing shortages and improve equity.

Tulsa has the potential to grow responsibly if leaders and developers work together to balance expansion with inclusion.

Conclusion

Tulsa's housing market reflects broader trends in affordability, migration, and urban growth. Whether you're buying, renting, or thinking about relocating, Tulsa presents a compelling mix of opportunity and value.

Key takeaways include:

Home prices remain below national averages, making Tulsa an attractive purchase option.
Renters enjoy competitive pricing, though rising demand is pushing costs upward.
Migration programs like Tulsa Remote continue to draw new residents.
Certain neighborhoods are becoming more desirable, shifting where people choose to settle.

As Tulsa grows, it will need to manage change thoughtfully to maintain its appeal and ensure housing remains accessible for all residents.