Mortgage payment estimates, closing cost breakdowns, and homebuying data for Tulsa, Oklahoma.
Median Home Price
$205K
Population
413K
Avg Monthly Rent
$1,050
Property Tax Rate
0.88% *
* Property tax shown is the Oklahoma state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Tulsa.
Tulsa vs Oklahoma Median
The median home price in Tulsa is $205,000, which is roughly in line with the Oklahoma state median of $210,000.
Mortgage Calculator — Tulsa, OK
Pre-filled with Tulsa median home price and Oklahoma tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $205K home using Oklahoma's 0.88% tax rate and $3,600/yr insurance.
5% Down
$1,795/mo
Down: $10,250
Loan: $195K
P&I: $1,231
Tax: $150
Insurance: $300
PMI: $114
10% Down
$1,724/mo
Down: $20,500
Loan: $185K
P&I: $1,166
Tax: $150
Insurance: $300
PMI: $108
20% Down (No PMI)
$1,487/mo
Down: $41,000
Loan: $164K
P&I: $1,037
Tax: $150
Insurance: $300
Income needed (28% rule): $64K/year with 20% down, $74K/year with 10% down.
Rent vs Buy in Tulsa
Rent
$1,050/mo
vs
Buy (10% down)
$1,724/mo
Price-to-rent ratio: 16.3 — A ratio between 15-20 means the rent vs buy decision in Tulsa depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Tulsa is $205,000, roughly in line with the Oklahoma state median of $210,000. With a population of 413,066, Tulsa is a mid-size city where home prices tend to be more accessible than in many parts of Oklahoma.
Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $205,000 home in Tulsa would carry roughly $150/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Tulsa is $1,050/month. The price-to-rent ratio in Tulsa is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Tulsa offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Tulsa.