Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The classification of ZIP code 74112 in Tulsa, OK, hinges on its financial metrics. With a Fair Market Rent (FMR) of $1,170 for fiscal year 2024, it stands below the market rent of $1,327 but offers a significant yield opportunity given the relatively low home value of $176,579.
To determine the market's stability, consider the following figures: 44.7% of residents are renters, and the days on market (DOM) average is 54 days. Additionally, the median household income is $58,951. These factors suggest a moderate level of stability; the rental rate indicates a substantial portion of the population relies on renting, which supports consistent demand. However, the DOM figure is slightly elevated, hinting at some challenges in maintaining a high occupancy rate.
The combination of these indicators places ZIP 74112 in a category that leans towards a high-yield but somewhat less stable market. The gap between the FMR and market rent, alongside the lower home values, creates opportunities for higher returns through rental income. Yet, the 54-day DOM average suggests that there might be occasional vacancies, reducing the overall stability of cash flow.
In summary, ZIP 74112 is best categorized as a high-yield/medium-stability market. Landlords and small-portfolio investors can expect good returns, particularly if they manage their properties efficiently to keep vacancies low. However, they should also be prepared for occasional fluctuations in occupancy rates.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.