The story of this market
The typical home in ZIP 74127 sells for about $164,950, or $149 per square foot.
Prices are down 8.36% from a year ago, which gives buyers more room to negotiate. Homes take about 77 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 74127 — Tulsa
The 74127 housing market is currently experiencing significant downward pressure, with median home prices declining by over 8% year-over-year. The market is characterized by high inventory relative to sales volume and structural economic challenges, making it a difficult environment for standard residential investment. Many specific metrics such as tax history and detailed utility providers are not determinable at the ZIP level.
This ZIP is primarily suited for experienced real estate investors who understand how to operate in soft, distressed markets, as it presents challenges with rent delinquency and maintenance.
Median prices moved down 8.4% year over year.
Homes spend a median of 77 days on market with 2.9 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 18.0% — a mixed stability profile.
ZCTA 74127
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oklahoma) — Ad Valorem Property Tax: Property is assessed at a ratio between 10% and 22.85% of fair cash value as determined by the county. Annual increases in assessed value for homestead and agricultural property are capped at 3% per year. Tax is calculated by applying the local millage rate to the assessed value.
The rental market shows modest supply with 14 active listings and a downward rent trajectory of -16.24% year-over-year.
The area faces economic pressure with a history of stagnation, requiring careful underwriting for investment.
Data retrieved from Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.