Research / Rent vs. buy / Oklahoma / Tulsa

Rent or buy in Tulsa?
Renting is $459 a month cheaper.

Renting the typical home in Tulsa costs $459 less a month than owning it. Counting equity, price growth and what a renter could earn by investing the difference, buying comes out ahead in year 13.

Updated September 26, 2026 · Zillow data for August 2026 · 7.03% mortgage rate (Freddie Mac, September 24, 2026) · Rank 77 of 340 (1 = owning closest to renting) · Part of our 2026 rent vs. buy study

Monthly cost to own$1,746typical home, 20% down
Typical monthly rent$1,287Zillow, August 2026
Buying breaks evenYear 133.5% price growth
Cash needed to buy$50,651$220,221 home · 20% down + 3% closing
Income needed to own$69,823vs. $51,480 to rent · 30% rule

Where the monthly money goes.

The first-month cost of owning the typical Tulsa home, split into its parts, against the typical rent. About $144 of the first mortgage payment is principal, which you keep as equity.

The median household income in Tulsa is $59,838 (Census ACS 2020–2024). Owning the typical home would take 35% of it; renting would take 26%.

As a check with a larger rental, HUD's FY2027 Fair Market Rent for a three-bedroom home in the Tulsa, OK HUD Metro FMR Area area is $1,611 a month, still $135 below the cost of owning.

  • Mortgage principal & interest $1,176
  • Property tax $179
  • Home insurance $207
  • Maintenance $184

How long you would need to stay.

Net worth of a buyer compared with a renter who invests the down payment, closing costs and any monthly savings at 6% a year. Home values and rents grow 3.5% a year; selling costs 6%.

Change the assumptions

Buying vs. renting in Tulsa, by years in the home
StayResult
3 yearsRenting ahead by $18,525
5 yearsRenting ahead by $16,704
7 yearsRenting ahead by $13,941
10 yearsRenting ahead by $7,634
15 yearsBuying ahead by $10,518
20 yearsBuying ahead by $42,227
30 yearsBuying ahead by $174,456

Rent or buy elsewhere in Oklahoma.

Other large Oklahoma cities in the study.

All cities
OklahomaRenting $378/mo cheaperNormanRenting $691/mo cheaperBroken ArrowRenting $645/mo cheaper

More on Tulsa

See the full Tulsa rental market profile with Census medians, or check how a typical rental performs for an investor in our cash-flow ranking.

How we calculated this

Price is the Zillow Home Value Index and rent the Zillow Observed Rent Index for Tulsa. The cost of owning includes principal and interest at 7.03% with 20% down, property tax at the city's 0.98% effective rate (Census ACS), the Oklahoma average homeowners premium (NAIC 2023) and 1% yearly maintenance. It leaves out income-tax effects, HOA dues and utilities. The typical rental may be smaller than the typical home for sale. Full methodology. This is a citywide estimate, not advice about a specific home.