Cherry Street, Tulsa, OK—74120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Street, Tulsa, OK
As of Nov '25, the median home price in Cherry Street, Tulsa, OK is $268,000, with a year-over-year change of 1.9%. This indicates that home prices in Cherry Street, Tulsa, OK are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | 1.9% |
| Single Family | $282,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 1.4% |
3 Bed | $412,000 | 2.2% |
4 Bed | $599,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cherry Street, Tulsa, OK
As of July '25, Rentcast reports the average rent in Cherry Street, Tulsa, OK is $1,520, with a year-over-year rent change of 17.8%. Per bedroom, the median rent as of July '25 in Cherry Street, Tulsa, OK is studios: $841, 1-bedrooms: $1,350, 2-bedrooms: $2,090, 3-bedrooms: $2,600. The most common rental property sizes in Cherry Street, Tulsa, OK are 1-bedroom and 2-bedroom, accounting for 42.0% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,520 |
| Studio Rent | $800 | $841 |
| 1 Bed Rent | $1,310 | $1,350 |
| 2 Bed Rent | $2,070 | $2,090 |
| 3 Bed Rent | $2,400 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cherry Street, Tulsa, OK
As of Nov '25, Realtor.com reports that the median days on market for a home in Cherry Street, Tulsa, OK is 32. 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 49.0% |
Listing Count | 14 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 32 | 1.0% |
Demographics — Cherry Street, Tulsa, OK
As of the latest ACS Survey released in 2023, Cherry Street, Tulsa, OK has a population of 5,060, which has increased by 1.5% over the past 5 years. Cherry Street, Tulsa, OK is a less popular place for families, as children make up 14.0% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,060 | 1.5% |
% Under 18 | 14.0% | -27.8% |
% Seniors | 11.8% | 7.3% |
% WFH | 15.7% | 180.4% |
% w/ College Degree | 51.7% | 26.4% |
As of the latest ACS Survey released in 2023, Cherry Street, Tulsa, OK is a predominantly white area, with 71.7% of the population identifying as white. The white population has grown by 11.9% in the last 5 years. The second most common race or ethnicity in Cherry Street, Tulsa, OK is hispanic, making up 11.0% of the population. Foreign-born residents account for 7.3% of the population in Cherry Street, Tulsa, OK, and this percentage has increased by 15.9% 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 | 71.7% | 11.9% |
% Black | 3.9% | -26.4% |
% Hispanic | 11.0% | -31.2% |
% Asian | 2.3% | 130.0% |
% Foreign Born | 7.3% | 15.9% |
Mortgage and Risk — Cherry Street, Tulsa, OK
According to HUD data as of 2023, there were 79 mortgage originations in Cherry Street, Tulsa, OK, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cherry Street, Tulsa, OK. Investor activity is low, as 13.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 13.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Cherry Street, Tulsa, OK
Cherry Street, Tulsa, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $1,310 | $900 |
| 2 Bedroom | -$950 | $2,070 | $1,120 |
| 3 Bedroom | -$920 | $2,400 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Cherry Street, Tulsa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $268,000 |
| Median Household Income | $66,300 |