Tulsa
Investment Analysis

Tulsa, OK
Investor Report

Comprehensive real estate investment analysis with cap rates, rental yields, and risk assessment.

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53
Investment Score
Buy
Cap Rate (Est.)
2.6%
Gross Yield
4.4%
P/R Ratio
15.6x
YoY Growth
+2.4%
Median Home Price
$246,960
Average Rent (1BR)
$900/mo
Median Income
$56,821
Population
410,915

Investment Breakdown

53
Value Score
74
Growth Score
21
Safety Score
61
Afford Score

Tulsa has a price-to-rent ratio of 15.6x, which indicates buying is moderately favorable.

The estimated cap rate of 2.6% is below average, typical of appreciation-focused markets.

Year-over-year price growth of +2.4% indicates stable market conditions.

Rental Cash Flow Analysis

Monthly Income

Gross Rent $900
Annual Gross $10,800

Est. Monthly Expenses

Property Tax (~1.5%) -$309
Insurance (~0.5%) -$103
Maintenance (~1%) -$206
Est. Net Cash Flow $283/mo

Price Forecast 2026โ€“2028

๐Ÿ”ฎ Tulsa Price Forecast 2026โ€“2028

Based on 5-year Zillow ZHVI trend analysis ยท Statistical projection
๐Ÿ“ˆ Upward Trend
PROJECTEDNOW$211K2027$226Kโ–ฒ 7.1%2028$236Kโ–ฒ 12.1%20232024Now
$248K$179K
Current
$247K
2026
Projected
$226K
โ†‘ 7.1% by 2027
Projected
$236K
โ†‘ 12.1% by 2028
5yr CAGR:+6.4%
Confidence:High
Rยฒ:0.93
โ–ผ

Based on the current Tulsa housing market forecast, the period from 2026 to 2028 is shaping up for steady, rather than spectacular, appreciation. With a median home price of $210,934 and a price-to-rent ratio of 17.3x, the market sits just below the national average, suggesting that buying remains a viable alternative to renting. The recent 5-year price change of 38.5% indicates strong historical momentum, but the cooling YoY price change of 2.5% signals a significant moderation. Given the current market temperature of 64/100 and a Risk Grade of A, I anticipate a balanced environment where affordability remains a key draw, supported by Tulsa's diverse economy in energy, aerospace, and healthcare.

When asking will Tulsa home prices drop significantly, the data suggests not. The 38 days on market and a neutral buy/rent verdict point to a stable, functioning market rather than a frenzy or a crash. Affordability will continue to be a central narrative for Tulsa real estate Tulsa 2027, attracting buyers priced out of larger metros. However, local factors like potential fluctuations in the energy sector and the city's infrastructure development could introduce modest volatility. While the 6.6% 5-year CAGR is unlikely to be repeated, a low-single-digit growth trajectory seems sustainable, especially if mortgage rates stabilize. This forecast balances the city's strong fundamentals against broader economic headwinds.

Projected Cap Rate (2027)
3.0%
5yr CAGR
+6.4%

Job Market

Unemployment 3.3%
National avg: 3.7%
Job Growth (YoY) +1.5%

Healthcare

64
Score
Below Avg

Risk Factors

High Crime Area

Market Activity

Source: Redfin ยท 2026-01-31
Sale-to-List 96.9%
Months Supply 4.0
Price Drops 33%
Gone in 2 Wks 32%

Market Position

Affordability Below Avg
Safety Higher Risk

ROI Projector Estimate your total return

Adjust the sliders to model different investment scenarios for Tulsa.

Total ROI
-54%
on $49,392 invested
Annual ROI
-14.5%
compounded
Total Return
-$26,854
appreciation + cashflow
Mo. Cash Flow
-$1,050
year 1 estimate
Equity Growth Over 5 Years
Y157kY266kY374kY483kY592k
Appreciation
$31,364
Cash Flow
-$58,218
Final Equity
$92,334

* Estimates based on 2.4% annual appreciation, 3% rent growth, 5% vacancy. Does not include closing costs, tax benefits, or capital gains tax. For illustrative purposes only.

Rental Investment Calculator Estimate your monthly cashflow

Rental Income Estimator

Pre-filled for Tulsa

Property

Purchase Price$246,960
Monthly Rent$900
Down Payment20%

Financing

Interest Rate6.5%

Expenses

Property Tax1.2%
Insurance (Annual)$1,500
Maintenance Reserve1%
Vacancy Rate5%
Property Management0%
HOA (Monthly)$0
-$972
Monthly Cash Flow
-$11,658/ year
-23.6%
Cash-on-Cash
1.3%
Cap Rate

Monthly Breakdown

+ Rental Income$900
โˆ’ Mortgage (P&I)$1,249
โˆ’ Property Tax$247
โˆ’ Insurance$125
โˆ’ Maintenance$206
โˆ’ Vacancy Loss$45
= Net Cash Flow-$972

Investment Summary

Down Payment
$49,392
Loan Amount
$197,568
Total Monthly Expenses
$1,872
Gross Yield
4.4%

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with qualified professionals. Data sources include Zillow, Census Bureau, and BLS. Cap rates and yields are estimates based on available data.

Last updated: March 2026