Pearl District, Tulsa, OK—74104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearl District, Tulsa, OK
As of Oct '25, the median home price in Pearl District, Tulsa, OK is $227,000, with a year-over-year change of 0.7%. This indicates that home prices in Pearl District, Tulsa, OK are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 0.7% |
| Single Family | $228,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | 1.9% |
3 Bed | $278,000 | 1.1% |
4 Bed | $348,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pearl District, Tulsa, OK
As of July '25, Rentcast reports the average rent in Pearl District, Tulsa, OK is $1,440, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Pearl District, Tulsa, OK is studios: $700, 1-bedrooms: $950, 2-bedrooms: $1,530, 3-bedrooms: $1,740, 4-bedrooms: $2,280. The most common rental property sizes in Pearl District, Tulsa, OK are 2-bedroom and 1-bedroom, accounting for 44.1% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,440 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $925 | $950 |
| 2 Bed Rent | $1,450 | $1,530 |
| 3 Bed Rent | $1,660 | $1,740 |
| 4 Bed Rent | $1,740 | $2,280 |
% of Rental Stock
Property Listings — Pearl District, Tulsa, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Pearl District, Tulsa, OK is 48. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | 20.0% |
Listing Count | 62 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 48 | 2.0% |
Demographics — Pearl District, Tulsa, OK
As of the latest ACS Survey released in 2023, Pearl District, Tulsa, OK has a population of 12,400, which has increased by 8.6% over the past 5 years. Pearl District, Tulsa, OK is a less popular place for families, as children make up 13.8% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | 8.6% |
% Under 18 | 13.8% | -2.1% |
% Seniors | 11.8% | 37.2% |
% WFH | 16.0% | 171.2% |
% w/ College Degree | 45.9% | 9.0% |
As of the latest ACS Survey released in 2023, Pearl District, Tulsa, OK is a predominantly white area, with 63.5% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Pearl District, Tulsa, OK is hispanic, making up 13.9% of the population. Foreign-born residents account for 11.8% of the population in Pearl District, Tulsa, OK, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.5% | -7.4% |
% Black | 7.3% | 35.2% |
% Hispanic | 13.9% | 19.8% |
% Asian | 3.5% | -20.5% |
% Foreign Born | 11.8% | 8.3% |
Mortgage and Risk — Pearl District, Tulsa, OK
According to HUD data as of 2023, there were 133 mortgage originations in Pearl District, Tulsa, OK, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Pearl District, Tulsa, OK. Investor activity is high, as 20.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 20.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Pearl District, Tulsa, OK
As of 2024, the percent of homes in Pearl District, Tulsa, OK under the Section 8 program is 9.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Pearl District, Tulsa, OK, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 270 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $925 | $1,100 |
| 2 Bedroom | -$90 | $1,450 | $1,360 |
| 3 Bedroom | $130 | $1,660 | $1,790 |
| 4 Bedroom | $330 | $1,740 | $2,070 |
Affordability — Pearl District, Tulsa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $227,000 |
| Median Household Income | $51,900 |