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Tulsa, OK Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,273
Monthly Cash Flow
-$169
Principal + Equity
$1,350
Annual Total Gain
$14,172
Cash on Cash
-3.81%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$151
Occupancy Rate
58.06%
Monthly Revenue
$1,919
Monthly Cash Flow
$189
Principal + Equity
$1,350
Annual Total Gain
$18,470
Cash on Cash %
4.27%
Net ROI %
Market Health & Growth
Median Income
$58,407
Population
412,322
LTR Renter %
47.99%
Forecast (1 yr)
1.87%
Appreciation (1 yr)
1.75%
Appreciation (5 yr)
44.66%
Appreciation (10 yr)
91.22%
Job Growth
-0.18%
LTR Rentability
Low
STR Demand
51
STR Rentals
1,363
Top Public Schools
AJenks High School
ABooker T. Washington High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#38out of 229 markets
Best Cities to Buy a House in America
#27out of 229 markets
Cities with the Lowest Cost of Living in America
#25out of 229 markets
B
Public School
D
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tulsa, OK.
In Tulsa, OK, Short Term Rental (STR) regulations are primarily governed by the city's zoning code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Tulsa has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short-term rentals.
2. Licensing and Permits: STR operators in Tulsa are required to obtain a permit from the city's Development Services Department. The permit application process typically involves submitting documentation such as proof of insurance, a floor plan of the property, and a list of emergency contacts.
3. Occupancy Limits: Tulsa has occupancy limits for STR properties, which vary depending on the size of the property and the zoning district. Investors should be aware of these limits and ensure that they comply with them.
4. Taxation: In Tulsa, STR operators are required to collect and remit both state and local occupancy taxes. Investors should familiarize themselves with the tax requirements and ensure that they are in compliance.
5. Noise and Nuisance Regulations: Tulsa has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
6. Homeowner's Association Rules: If the property is located in a community with a homeowner's association (HOA), investors should review the HOA's rules and regulations regarding short-term rentals. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors looking to purchase a property for short-term rental purposes in Tulsa should thoroughly research and understand the city's regulations and ensure that they are in compliance to avoid any potential legal issues or fines.
Market Trends Over Time
Explore 25 years of market data for Tulsa, OK, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Tulsa, OK.
The LTR Genie Score of Tulsa, OK is 66 and STR Genie Score is 64, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to a lower demand for long-term rentals in the area. However, the LTR Net ROI of 26.66% suggests that despite the lower rentability, investors can still achieve a good return on investment. On the other hand, the STR Net ROI of 34.74% and the STR Occupancy rate of 58.06% indicate a higher potential for profitability in the short-term rental market.
Tulsa, OK is a city known for its diverse economy, with industries ranging from aerospace to energy. The city offers a mix of urban amenities and natural beauty, making it an attractive location for both residents and visitors. Real estate investors should consider the market trends and demand for both long-term and short-term rentals in Tulsa when evaluating investment opportunities.
Based on the metrics provided, investors may find more success in the short-term rental market in Tulsa due to the higher Net ROI and occupancy rate. However, the long-term rental market still offers a decent return on investment. It may be beneficial for investors to consider a combination of both long-term and short-term rental properties in Tulsa to diversify their portfolio and maximize profitability. Ultimately, thorough market research and analysis will be key in making informed investment decisions in Tulsa, OK.
LTR Genie Score 93
$175,000
🛏 4 Beds🛁 4.0000 Baths🏙 2,626 sqft.🏠 SINGLE FAMILY