Living in Tulsa, OK
Tulsa, OK is an emerging city with a rich cultural scene and numerous outdoor activities. The area's affordability and low cost of living make it attractive to families and young professionals. With a diverse economy and affordable housing, Tulsa presents a great opportunity for real estate investment.
Current Market Conditions in Tulsa, OK
The real estate market in Tulsa is experiencing steady growth, driven by an influx of new residents seeking affordable housing options. Home values have been appreciating, and there is a strong demand for rental properties due to a booming job market in the area. Inventory levels remain stable, making it a favorable time for both buyers and investors.
As Tulsa continues to develop, new construction projects and renovations are underway, particularly in revitalizing older neighborhoods. The city’s efforts to enhance public facilities, transportation, and community amenities have contributed to its appeal, resulting in rising interest from real estate investors.
Home Value Estimator For Tulsa, OK
There are currently 136,661 real estate properties
in Tulsa, OK,
with a median automated valuation model (AVM) price
of $192,960.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tulsa, OK, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Tulsa, OK,
is $256,759.00, with the most expensive house
in Tulsa, OK, topping out
at $49,019,600.00 and the cheapest home
in Tulsa, OK,
clocking in at $10,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tulsa, OK!
Rent Prices
In Tulsa, OK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tulsa, OK, is on
a rollercoaster ride. The
average rent price in Tulsa, OK,
is $1,208.00. Indeed, when looking to rent in
Tulsa, OK, you can expect to pay as little
as $410.00 or as much
as $3,400.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Tulsa, OK
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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