Florence Park, Tulsa, OK—74114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Florence Park, Tulsa, OK
As of Oct '25, the median home price in Florence Park, Tulsa, OK is $270,000, with a year-over-year change of 2.1%. This indicates that home prices in Florence Park, Tulsa, OK are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 2.1% |
| Single Family | $267,000 | 1.9% |
| Condos | $293,000 | 13.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 3.3% |
3 Bed | $243,000 | 0.8% |
4 Bed | $838,000 | 4.9% |
| 5 Bed | $1,378,000 | 5.8% |
% of Housing Stock
Rental Trends — Florence Park, Tulsa, OK
As of July '25, Rentcast reports the average rent in Florence Park, Tulsa, OK is $1,560, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Florence Park, Tulsa, OK is 1-bedrooms: $1,250, 2-bedrooms: $1,470, 3-bedrooms: $1,640, 4-bedrooms: $1,820. The most common rental property sizes in Florence Park, Tulsa, OK are 3-bedroom and 2-bedroom, accounting for 48.1% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,560 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,480 | $1,470 |
| 3 Bed Rent | $1,550 | $1,640 |
| 4 Bed Rent | $1,600 | $1,820 |
% of Rental Stock
Property Listings — Florence Park, Tulsa, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Florence Park, Tulsa, OK is 68. This is a increase of 25.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | -31.0% |
Listing Count | 115 | -6.0% |
| Listings as % of Homes | 0.8% | -6.0% |
Days on Market | 68 | 25.0% |
Demographics — Florence Park, Tulsa, OK
As of the latest ACS Survey released in 2023, Florence Park, Tulsa, OK has a population of 16,800, which has increased by 3.6% over the past 5 years. Florence Park, Tulsa, OK is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 58.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 3.6% |
% Under 18 | 21.3% | 4.4% |
% Seniors | 21.4% | 16.9% |
% WFH | 14.9% | 192.2% |
% w/ College Degree | 58.0% | 7.2% |
As of the latest ACS Survey released in 2023, Florence Park, Tulsa, OK is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Florence Park, Tulsa, OK is hispanic, making up 5.6% of the population. Foreign-born residents account for 4.7% of the population in Florence Park, Tulsa, OK, and this percentage has increased by 51.6% 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 | 80.7% | -1.0% |
% Black | 1.7% | -48.5% |
% Hispanic | 5.6% | -15.2% |
% Asian | 1.4% | 7.7% |
% Foreign Born | 4.7% | 51.6% |
Mortgage and Risk — Florence Park, Tulsa, OK
According to HUD data as of 2023, there were 323 mortgage originations in Florence Park, Tulsa, OK, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Florence Park, Tulsa, OK. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 323 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Florence Park, Tulsa, OK
As of 2024, the percent of homes in Florence Park, Tulsa, OK under the Section 8 program is 3.2%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Florence Park, Tulsa, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,250 | $1,160 |
| 2 Bedroom | -$40 | $1,480 | $1,440 |
| 3 Bedroom | $350 | $1,550 | $1,900 |
| 4 Bedroom | $590 | $1,600 | $2,190 |
Affordability — Florence Park, Tulsa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $270,000 |
| Median Household Income | $95,600 |