The housing market in 74116 Tulsa, OK is quite vibrant. According to the data provided, the median value of a house in 74116 is $174,900, which is much lower than the US median house value of $338,100. Furthermore, the one year appreciation rate for houses in this area stands at 14.35%, significantly higher than the 8.27% nationwide appreciation rate over the same period. These figures suggest that there are plenty of opportunities for potential homebuyers and real estate investors in this region.
The median home cost in Tulsa (zip 74116) is $174,900. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Tulsa (zip 74116) is up 17.0%.
Average Age of Homes
- The median age of Tulsa (zip 74116) real estate is 40 years old
The Rental Market in Tulsa (zip 74116)
- Renters make up 43.3% of the Tulsa (zip 74116) population
- 8.7% of houses and apartments in Tulsa (zip 74116), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.