Tulsa, OK

Population: 398,121
Average annual home appreciation rate: 2.25%
Total of homes for sale in this market: 946
Median home price: $125,666
Median Rent: $761 per room
Home price range: 38.28% of homes are between $103,001 – $206,000
Median sales price: $115,500
Number of homes: 1,190
Median foreclosure sales price: $61,789
Foreclosure discount: 47%
Most common home type: 62.97% of homes are Single Family Detached
Number of vacant homes: 12.24%
Number of renters: 47.71%
Number of owner occupied: 52.29%
Number people living below poverty level: 20.10%
Unemployment rate: 3.40%
Is this area perfect for real estate deals going on right now? There are some great things going on in the Tulsa market right now that is very attractive to savvy RE investors… 1. Great decade’s worth of positive home appreciation rates…and still moving up. (Some of the highest in OK, and in the USA) 2. High amount of renters in the market (means needs for rental properties) 3. Multiple ‘troubled’ properties available (could lead to great discounts 4. Multiple zombie (vacant) properties available on the market (could lead to huge discounts from motivated sellers, and could turn into a great fix and flip or renovation for a rental property. Many more opportunities, these are just to name a few…. Could be great for the savvy real estate investor.

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