Patrick Henry, Tulsa, OK—74135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patrick Henry, Tulsa, OK
As of Oct '25, the median home price in Patrick Henry, Tulsa, OK is $262,000, with a year-over-year change of 2.7%. This indicates that home prices in Patrick Henry, Tulsa, OK are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 2.7% |
| Single Family | $266,000 | 3.1% |
| Condos | $103,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 2.7% |
3 Bed | $263,000 | 1.9% |
4 Bed | $333,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Patrick Henry, Tulsa, OK
As of July '25, Rentcast reports the average rent in Patrick Henry, Tulsa, OK is $1,160, with a year-over-year rent change of -21.1%. Per bedroom, the median rent as of July '25 in Patrick Henry, Tulsa, OK is studios: $602, 1-bedrooms: $950, 2-bedrooms: $1,120, 3-bedrooms: $1,790, 4-bedrooms: $2,470. The most common rental property sizes in Patrick Henry, Tulsa, OK are 1-bedroom and 2-bedroom, accounting for 41.1% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,160 |
| Studio Rent | $595 | $602 |
| 1 Bed Rent | $885 | $950 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,750 | $1,790 |
| 4 Bed Rent | $2,600 | $2,470 |
% of Rental Stock
Property Listings — Patrick Henry, Tulsa, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Patrick Henry, Tulsa, OK is 41. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | 3.0% |
Listing Count | 75 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 41 | 1.0% |
Demographics — Patrick Henry, Tulsa, OK
As of the latest ACS Survey released in 2023, Patrick Henry, Tulsa, OK has a population of 19,700, which has decreased by -5.3% over the past 5 years. Patrick Henry, Tulsa, OK is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | -5.3% |
% Under 18 | 18.8% | -1.6% |
% Seniors | 21.3% | 8.1% |
% WFH | 11.7% | 185.4% |
% w/ College Degree | 46.5% | 15.1% |
As of the latest ACS Survey released in 2023, Patrick Henry, Tulsa, OK is a predominantly white area, with 66.1% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Patrick Henry, Tulsa, OK is hispanic, making up 8.8% of the population. Foreign-born residents account for 6.8% of the population in Patrick Henry, Tulsa, OK, and this percentage has increased by 28.3% 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 | 66.1% | -7.8% |
% Black | 7.2% | -5.3% |
% Hispanic | 8.8% | 22.2% |
% Asian | 3.2% | 52.4% |
% Foreign Born | 6.8% | 28.3% |
Mortgage and Risk — Patrick Henry, Tulsa, OK
According to HUD data as of 2023, there were 282 mortgage originations in Patrick Henry, Tulsa, OK, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Patrick Henry, Tulsa, OK. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 282 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Patrick Henry, Tulsa, OK
As of 2024, the percent of homes in Patrick Henry, Tulsa, OK under the Section 8 program is 10.3%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Patrick Henry, Tulsa, OK, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 449 |
Total Units Section 8 | 444 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $885 | $950 |
| 2 Bedroom | $80 | $1,100 | $1,180 |
| 3 Bedroom | -$190 | $1,750 | $1,560 |
| 4 Bedroom | -$800 | $2,600 | $1,800 |
Affordability — Patrick Henry, Tulsa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $262,000 |
| Median Household Income | $60,900 |