What does everyone think of Tulsa, OK?

[Lowry Coe]

Girlfriend and I might be moving to Tulsa from DC and have been doing a ton of research into the city recently. We are both shocked at how nice Tulsa seems. Looks like a lot of things are happening and the city is trending in the right direction.

But it’s still Oklahoma, I know nothing about it have never been before. Friends of mine in Dallas told me that locals have started to spend long weekend in Tulsa and that it’s pretty cool.

Anyway, if we move there we’d like to buy two properties out of the gate.

What are your thoughts on Tulsa for rental income or for flipping homes?

[Jeff Filali]

@Lowry Coe I live in the Tulsa area, and own many SFR's & Condo rentals in the metro and surrounding areas, and have also flipped & wholesaled many SFR's. So, I'm highly involved in the market full-time.

My opinion is that Tulsa and surrounding suburbs provide a great place to live, and to invest in both Real Estate & Business in general. The median housing prices are low here, your money buys a lot more home. The property taxes are also lower throughout Oklahoma. Though Appreciation is NOT as near as high as many major markets in other states. The rental rates are decent, and can be great if acquiring properties at typical investor discounts. 1-1.5% rental to price ratios are still very attainable in A & B Neighborhoods, and sometimes up to 2% if investing in C Areas. Good acquisition deals on Multi-Family are a much harder to find though due to competitiveness in the market. But they’re still better than many other markets. Here’s links to a lot of helpful information.

* (BP Monitoring please Note I do not own or benefit in any way from any of the following companies)

Video: About Tulsa (from City of Tulsa)

Retail Housing Sales Report: Jan 2020 Median Report (from local Tulsa Realtors)

Rental Indicators: 25 US Cities Where Rents Increasing the Fastest No. 9 Tulsa & No. 11 Oklahoma City (from Business Insider online)

More Tulsa Market/Economy Info: (from other various sources listed)

“What Others Say”• No. 5 among top-10 U.S. cities where the average renter can afford to live alone (SmartAsset.com 2019)

• No. 1 City Among Top 25 Most Affordable Cities to Live & Work 2019 (BusinessStudent.com 2018)

• No. 1 U.S. city where incomes are growing the fastest (GOBankingRates.com 2017)

• No. 3 among top U.S./European cities for innovativemunicipal problem solving (Cities of Service, 2018)

• No. 4 best city for traffic (CarRentals.com 2019)

• No. 4 best large city for starting a business(WalletHub.com 2017)

• No. 5 among America’s Best Small Cities (BestCities.org 2019)

• No. 3 most popular city for extremely active millennials(ActiveNetwork.com 2018)

• No. 1 Broken Arrow ranked Most Livable Small City in the U.S. (City Livability Awards 2018)

• No. 6 among top 7 Most Recession Proof U.S. Cities (Livability.com 2019)

• No. 7 among top 10 U.S. counties in job creation 2017-18 (Economic Innovation Group & Labor Dept. 2019)

• No. 7 among America’s Best Small Cities (BestCities.org 2018)

• No. 13 among top 50 cities for economic opportunity (Yelp.com 2017)

• No. 1 State with lowest overall Tax Burden (Anderson Economic Group 2017)

• No. 5 Best State for starting a business (WalletHub.com2019)

• No. 5 Top Metro for Job Creation (SiteSelectionMagazine2019)

• No. 5 among America’s Top 10 Small Cities (ResonanceCo.com 2019)• No. 9 Least Energy Expensive State (WalletHub.com 2018

I hope you found this all helpful in better evaluating the Tulsa OK market