Appreciation Investing in Tulsa, OK

Appreciation Score: 3.1/10Ranked #38 of 52 markets

Data-driven appreciation analysis for Tulsa, OK — score breakdown, key investment metrics, and how it compares to other markets.

Last updated: May 2026

Score Breakdown

Appreciation Score:3.1
Population Growth(40%)
+1.0%2.5
Median Household Income(25%)
$67,3174.1
Low Vacancy(20%)
9.1%3.6
Metro Size (Demand)(15%)
673,7082.0

Key Metrics for Appreciation

Pop. Growth

+1.0%

Moderate

Median Income

$67,317

Household income

Vacancy Rate

9.1%

Moderate supply

Population

674K

Metro demand indicator

Appreciation Investment Thesis

Tulsa offers strong cash flow with a growing tech-sector presence (Tulsa Remote program). Affordable prices and low cost of living support reliable tenant demand.

How Tulsa Compares

RankCityAppreciation ScoreCap RateMedian Price
#35Pittsburgh, PA3.27.2%$180,000
#36Richmond, VA3.26.2%$280,000
#37San Francisco, CA3.22.8%$1,200,000
#38Tulsa, OK3.17.9%$155,000
#39Akron, OH3.08.6%$100,000
#40Milwaukee, WI3.06.7%$175,000
#41Philadelphia, PA2.95.6%$240,000

Showing markets ranked near Tulsa for this strategy.

Quick Math: Estimated Annual Return

Annual Gross Rent ($1,150/mo)$13,800
Less: Vacancy (9.1%)-$1,256
Less: Property Tax (0.99%)-$1,534
Less: Insurance (~0.5%)-$775
Less: Maintenance (~1.5%)-$2,325
Estimated NOI$7,910
Implied Cap Rate5.1%

Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.

Frequently Asked Questions

What is the appreciation score for Tulsa, OK?

Tulsa, OK scores 3.1 out of 10 on our appreciation score, ranking #38 out of 52 markets we track. Weighted composite: population growth (40%), median household income (25%), low vacancy (20%), metro size/demand (15%). Scale 0–10.

Is Tulsa a good city for appreciation investing?

Tulsa, OK ranks #38 for appreciation investing with a score of 3.1/10. While not a top-ranked market for this strategy, it may have strengths in other investing approaches.

What is the average cap rate in Tulsa?

The average cap rate in Tulsa, OK is 7.9%. The median home price is $155,000 with a median monthly rent of $1,150, resulting in a rent-to-price ratio of 0.74%.

What are the property taxes in Tulsa?

The effective property tax rate in Tulsa, OK is 0.99%. On a $155,000 property, that translates to approximately $1,535 per year in property taxes.

How does Tulsa compare to other appreciation markets?

Among our 52 tracked markets, Tulsa, OK ranks #38 for appreciation investing. Other markets may be stronger for this particular strategy, though it may excel in different approaches.

What is driving population growth in Tulsa?

Tulsa, OK has a 5-year population growth rate of +1.0% and a median household income of $67,317. Moderate population growth combined with economic diversification supports steady long-term appreciation potential.

Run Your Own Numbers for Tulsa

Use our free calculators pre-filled with Tulsa, OK market data, or adjust the numbers for your specific deal.