Tulsa County Oklahoma Residential Rent and Rental Statistics
The median monthly gross residential rent in Tulsa County OK was $868 in 2019 according to the Census ACS survey.1 Average gross rent in Tulsa County was $890 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Tulsa County median and average rent data will be released in September of 2021.
Data is also available below for Tulsa County rental vacancy rates, Tulsa County rent as a percent of median income and the fraction of renters in Tulsa County.
Real Gross Rent in Tulsa County Oklahoma (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oklahoma Median Gross Rent | $814 | -1.09% | +4.49% |
| Tulsa County OK Median Gross Rent | $868 | -0.69% | +3.09% |
Tulsa County OK Real Gross Rent Trends
Median gross rent for Tulsa County peaked in real terms in 2018 at $874 and is now $6 (0.69%) lower. Average gross rent for Tulsa County peaked in real terms in 2018 at $900 and is now $10 (1.11%) lower.
Real Gross Rent: Tulsa County OK Median, Tulsa County OK Average, Oklahoma Median, US Median
Real Gross Rent History for Tulsa County
| Date | US Median |
Oklahoma Median |
Tulsa County OK Median |
Tulsa County OK Average |
|---|---|---|---|---|
| 2019 | $1,097 | $814 | $868 | $890 |
| 2018 | $1,077 | $823 | $874 | $900 |
| 2017 | $1,043 | $804 | $865 | $874 |
| 2016 | $1,027 | $779 | $842 | $853 |
| 2015 | $1,017 | $805 | $852 | $852 |
| 2014 | $986 | $778 | $829 | $853 |
| 2013 | $953 | $742 | $795 | $820 |
| 2012 | $940 | $730 | $786 | $800 |
| 2011 | $941 | $729 | $782 | $790 |
| 2010 | $955 | $736 | $782 | $813 |
| 2009 | $960 | $725 | $792 | $811 |
| 2007 | $927 | $691 | $748 | $770 |
| 2005 | $910 | $684 | $751 | $791 |
Tulsa County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Tulsa County Oklahoma was 8.83% according to Census ACS data.
Rental Vacancy Rate in Tulsa County Oklahoma
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oklahoma | 8.00% | -0.47% | -0.08% |
| Tulsa County OK | 8.83% | -0.41% | +0.97% |
Trends in Tulsa County OK Rental Vacancy Rate
The rental vacancy rate in Tulsa County peaked in 2005 at 11.27%. Since then it has fallen by 2.44% to 8.83%. Data records for this series originated in 2005. From a 2015 post peak low of 6.49%, the rental vacancy rate has increased by 2.34%.
Rental Vacancy Rate: Tulsa County OK, Oklahoma, US
Historical Rental Vacancy Rate data for Tulsa County
| Date | US | Oklahoma | Tulsa County OK |
|---|---|---|---|
| 2019 | 5.97% | 8.00% | 8.83% |
| 2018 | 6.15% | 8.47% | 9.24% |
| 2017 | 6.18% | 8.57% | 9.19% |
| 2016 | 5.89% | 8.08% | 7.86% |
| 2015 | 5.85% | 7.76% | 6.49% |
| 2014 | 6.32% | 8.12% | 8.92% |
| 2013 | 6.49% | 8.19% | 8.10% |
| 2012 | 6.77% | 8.16% | 8.60% |
| 2011 | 7.40% | 8.52% | 9.54% |
| 2010 | 8.17% | 8.52% | 9.81% |
| 2009 | 8.43% | 8.41% | 8.93% |
| 2007 | 7.87% | 9.33% | 8.89% |
| 2005 | 7.74% | 9.97% | 11.27% |
Rent as a Fraction of Income
Using median household income data for Tulsa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tulsa County, median monthly gross rent as a fraction of median household income was 18.12% in 2019 according to the ACS.
Tulsa County Oklahoma Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oklahoma | 17.94% | -0.73% | -0.22% |
| Tulsa County OK | 18.12% | -0.39% | -0.68% |
Trends in Tulsa County OK Rent as a Fraction of Income
The fraction of median Tulsa County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.20%. Since then it has fallen by 1.08% to 18.12%.
Fraction of Income towards Rent: Tulsa County OK, Oklahoma, US
Historical Data for Annual Rent as a Fraction of Income in Tulsa County Oklahoma
| Date | US | Oklahoma | Tulsa County OK |
|---|---|---|---|
| 2019 | 20.03% | 17.94% | 18.12% |
| 2018 | 20.50% | 18.67% | 18.51% |
| 2017 | 20.13% | 18.70% | 19.20% |
| 2016 | 20.43% | 18.16% | 18.80% |
| 2015 | 20.63% | 18.75% | 18.79% |
| 2014 | 20.89% | 18.61% | 18.67% |
| 2013 | 20.78% | 18.52% | 18.90% |
| 2012 | 20.65% | 18.58% | 18.74% |
| 2011 | 20.70% | 18.74% | 18.70% |
| 2010 | 20.50% | 18.80% | 19.16% |
| 2009 | 20.12% | 18.32% | 18.11% |
| 2007 | 18.66% | 16.98% | 16.99% |
| 2005 | 18.89% | 17.71% | 17.65% |
Renter Fraction in Tulsa County Oklahoma
You can calculate the renter fraction in Tulsa County 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 County as a fraction of total Tulsa County households. In 2019 40.71% of households were renters according to Census ACS data.
Tulsa County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oklahoma | 34.46% | -0.10% | -0.64% |
| Tulsa County OK | 40.71% | -0.58% | -1.05% |
Trends in the Tulsa County OK Renter Fraction
The Tulsa County household renter fraction peaked in in 2015 at 41.86% and is now 1.15% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tulsa County OK, Oklahoma, US
History of Tulsa County Renter Fraction
| Date | US | Oklahoma | Tulsa County OK |
|---|---|---|---|
| 2019 | 35.89% | 34.46% | 40.71% |
| 2018 | 36.05% | 34.56% | 41.29% |
| 2017 | 36.13% | 34.54% | 40.96% |
| 2016 | 36.88% | 35.10% | 41.76% |
| 2015 | 36.97% | 34.66% | 41.86% |
| 2014 | 36.90% | 34.86% | 40.39% |
| 2013 | 36.50% | 34.46% | 41.22% |
| 2012 | 36.09% | 33.62% | 40.41% |
| 2011 | 35.42% | 32.97% | 38.20% |
| 2010 | 34.65% | 32.21% | 37.61% |
| 2009 | 34.13% | 32.81% | 38.71% |
| 2007 | 32.80% | 31.77% | 36.66% |
| 2005 | 33.10% | 32.13% | 37.44% |
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. ↩
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