Department of Numbers

Tulsa Oklahoma Residential Rent and Rental Statistics

The median monthly gross residential rent in Tulsa, OK (the Tulsa metro area) was $791 in 2015 according to the Census ACS survey.1 Average gross rent in Tulsa was $769 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Tulsa median and average rent data will be released in September of 2017.

Data is also available below for Tulsa rental vacancy rates, Tulsa rent as a percent of median income and the fraction of renters in Tulsa.

Show dollars as: Nominal Real

Real Gross Rent in Tulsa Oklahoma (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Oklahoma Median Gross Rent $759 +3.55% +10.32%
Tulsa, OK Median Gross Rent $791 +2.59% +8.80%

Tulsa, OK Real Gross Rent Trends

At $791, real median gross rent in Tulsa was at its highest level in 2015 since the series began in 2005. At $769, real average gross rent in Tulsa was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Tulsa: Tulsa OK Median, Tulsa OK Average, Oklahoma Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tulsa

Date US
Median
Oklahoma
Median
Tulsa, OK
Median
Tulsa, OK
Average
2015 $959 $759 $791 $769
2014 $930 $733 $771 $768
2013 $898 $700 $735 $739
2012 $886 $688 $727 $721
2011 $887 $687 $713 $706
2010 $901 $694 $725 $727
2009 $905 $683 $737 $730
2008 $920 $686 $734 $734
2007 $874 $651 $701 $701
2006 $883 $671 $723 $725
2005 $858 $645 $694 $708

Tulsa Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Tulsa Oklahoma was 6.00% according to Census ACS data.

Rental Vacancy Rate in Tulsa Oklahoma

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Oklahoma 7.76% -0.36% -0.40%
Tulsa, OK 6.00% -2.42% -2.37%

Trends in Tulsa, OK Rental Vacancy Rate

The rental vacancy rate in Tulsa peaked in 2005 at 10.68%. Since then it has fallen by 4.68% to 6.00%. Data records for this series originated in 2005.

Rental Vacancy Rate: Tulsa OK, Oklahoma, US

Rental vacancy rate in Oklahoma

Historical Rental Vacancy Rate data for Tulsa

Date US Oklahoma Tulsa, OK
2015 5.85% 7.76% 6.00%
2014 6.32% 8.12% 8.42%
2013 6.49% 8.19% 7.83%
2012 6.77% 8.16% 8.37%
2011 7.40% 8.52% 8.68%
2010 8.17% 8.52% 9.22%
2009 8.43% 8.41% 8.02%
2008 7.86% 9.18% 8.69%
2007 7.87% 9.33% 8.48%
2006 7.70% 10.14% 8.99%
2005 7.74% 9.97% 10.68%

Rent as a Fraction of Income

Using median household income data for Tulsa, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tulsa, median monthly gross rent as a fraction of median household income was 18.48% in 2015 according to the ACS.

Tulsa Oklahoma Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Oklahoma 18.75% +0.15% +0.18%
Tulsa, OK 18.48% +0.16% +0.35%

Trends in Tulsa, OK Rent as a Fraction of Income

The fraction of median Tulsa household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.54%. Since then it has fallen by 0.06% to 18.48%.

Fraction of Income towards Rent: Tulsa OK, Oklahoma, US

Percent of median household income going towards median monthly gross rent in Tulsa Oklahoma

Historical Data for Annual Rent as a Fraction of Income in Tulsa Oklahoma

Date US Oklahoma Tulsa, OK
2015 20.63% 18.75% 18.48%
2014 20.89% 18.61% 18.33%
2013 20.78% 18.52% 18.37%
2012 20.65% 18.58% 18.14%
2011 20.70% 18.74% 18.22%
2010 20.50% 18.80% 18.54%
2009 20.12% 18.32% 17.74%
2008 19.00% 17.21% 16.75%
2007 18.66% 16.98% 16.63%
2006 18.90% 17.95% 18.01%
2005 18.89% 17.71% 17.45%

Renter Fraction in Tulsa Oklahoma

You can calculate the renter fraction in Tulsa in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Tulsa as a fraction of total Tulsa households. In 2015 36.23% of households were renters according to Census ACS data.

Tulsa Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Oklahoma 34.66% -0.20% +1.04%
Tulsa, OK 36.23% +1.54% +2.10%

Trends in the Tulsa, OK Renter Fraction

At 36.23%, the 2015 household based renter fraction in Tulsa was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Tulsa OK, Oklahoma, US

Fraction of renters in Tulsa

History of Tulsa Renter Fraction

Date US Oklahoma Tulsa, OK
2015 36.97% 34.66% 36.23%
2014 36.90% 34.86% 34.69%
2013 36.50% 34.46% 34.96%
2012 36.09% 33.62% 34.13%
2011 35.42% 32.97% 32.99%
2010 34.65% 32.21% 32.86%
2009 34.13% 32.81% 32.69%
2008 33.36% 32.76% 32.81%
2007 32.80% 31.77% 32.25%
2006 32.73% 31.39% 32.59%
2005 33.10% 32.13% 32.05%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.