Greenwood, Tulsa, OK—74106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwood, Tulsa, OK
As of Nov '25, the median home price in Greenwood, Tulsa, OK is $105,000, with a year-over-year change of -1.4%. This indicates that home prices in Greenwood, Tulsa, OK are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | -1.4% |
| Single Family | $105,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $99,000 | 3.1% |
3 Bed | $135,000 | 1.5% |
4 Bed | $156,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenwood, Tulsa, OK
As of July '25, Rentcast reports the average rent in Greenwood, Tulsa, OK is $1,420, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Greenwood, Tulsa, OK is 1-bedrooms: $1,150, 2-bedrooms: $1,310, 3-bedrooms: $1,410, 4-bedrooms: $1,720. The most common rental property sizes in Greenwood, Tulsa, OK are 2-bedroom and 3-bedroom, accounting for 34.3% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,150 |
| 2 Bed Rent | $1,200 | $1,310 |
| 3 Bed Rent | $1,200 | $1,410 |
| 4 Bed Rent | $1,450 | $1,720 |
% of Rental Stock
Property Listings — Greenwood, Tulsa, OK
As of Nov '25, Realtor.com reports that the median days on market for a home in Greenwood, Tulsa, OK is 53. This is a decrease of -49.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | 61.0% |
Listing Count | 67 | -19.0% |
| Listings as % of Homes | 0.5% | -19.0% |
Days on Market | 53 | -49.0% |
Demographics — Greenwood, Tulsa, OK
As of the latest ACS Survey released in 2023, Greenwood, Tulsa, OK has a population of 16,000, which has decreased by -11.6% over the past 5 years. Greenwood, Tulsa, OK is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | -11.6% |
% Under 18 | 27.4% | -9.3% |
% Seniors | 15.2% | 16.9% |
% WFH | 8.2% | 241.7% |
% w/ College Degree | 17.0% | 31.8% |
As of the latest ACS Survey released in 2023, Greenwood, Tulsa, OK is a predominantly black area, with 55.8% of the population identifying as black. The black population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Greenwood, Tulsa, OK is white, making up 16.6% of the population. Foreign-born residents account for 4.9% of the population in Greenwood, Tulsa, OK, and this percentage has increased by 14.0% 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 | 16.6% | 19.4% |
% Black | 55.8% | -13.1% |
% Hispanic | 13.6% | 51.1% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 4.9% | 14.0% |
Mortgage and Risk — Greenwood, Tulsa, OK
According to HUD data as of 2023, there were 156 mortgage originations in Greenwood, Tulsa, OK, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, Tulsa, OK. Investor activity is high, as 24.0% 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 | 156 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 24.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Greenwood, Tulsa, OK
As of 2024, the percent of homes in Greenwood, Tulsa, OK under the Section 8 program is 48.3%. This is considered high, suggesting that the neighborhood is heavily 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 Greenwood, 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 | 1,956 |
Total Units Section 8 | 1,901 |
% Rentals under Section 8 | 48.3% |
% Occupied Section 8 | 82.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $1,220 | $810 |
| 2 Bedroom | -$180 | $1,200 | $1,020 |
| 3 Bedroom | $150 | $1,200 | $1,350 |
| 4 Bedroom | $110 | $1,450 | $1,560 |
Affordability — Greenwood, Tulsa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $105,000 |
| Median Household Income | $37,700 |