Cherry Street

Tulsa, OK

Neighborhood Market Analysis

Q3 2025 Report
$257,000 (July 2024); $252,832 (Feb 2025, Zillow); $260,744 (2025 Trulia)
Median Home Price
Very high (Walk Score 80+); among Tulsa's most walkable neighborhoods
Walkability Score
Above Tulsa average; Edison Prep highly rated for academics and college prep
School Rating

Location Overview

Neighborhood Boundaries

Generally considered to span along East 15th Street between South Peoria Avenue and South Utica Avenue, extending a few blocks north and south.

Zip Codes

741047411974120

Market Data Summary

Price Range$239,000 (2-bed) to $303,800 (3-bed); recent listings up to $419,000 (May 2025)
Price per Sq Ft$252/sqft (May 2025, Rocket Homes)
Inventory LevelsLow to moderate; competitive for quality homes, especially historic and renovated properties

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric bungalowsDuplexesTownhomesCondos

Architectural Styles

CraftsmanBungalowTudor RevivalColonial RevivalContemporary infill

Property Details

Typical Lot Sizes0.10–0.20 acres (urban lots)
Home Age Range1920s–1940s (historic core); some new infill 2000s–present
Construction QualityGenerally solid; historic homes often renovated, but quality varies by property

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, families, and empty nesters; median age skewing younger than Tulsa average.

Community Vibe

Trendy, artsy, walkable, vibrant nightlife and dining scene.

Typical Residents

  • Young professionals
  • Small families
  • Artists/creatives
  • Empty nesters

Family Friendly

Moderately family-friendly; walkable, near parks, but smaller yards than suburbs.

Amenities & Lifestyle

Parks & Recreation

  • Woodward Park
  • Centennial Park
  • Cherry Street Farmers Market

Dining Options

  • Andolini’s Pizzeria
  • Roosevelt’s
  • Kilkenny’s Irish Pub
  • Mi Cocina

Shopping Centers

  • Cherry Street retail corridor
  • Nearby Utica Square

Local Businesses

  • Coffee shops
  • Boutique retail
  • Yoga studios
  • Art galleries

Education & Schools

Above Tulsa average; Edison Prep highly rated for academics and college prep
Overall School Rating

Elementary Schools

  • Eliot Elementary
  • Lee Elementary

Middle Schools

  • Edison Preparatory Middle School

High Schools

  • Edison Preparatory High School

Private Schools

  • Cascia Hall Preparatory School
  • Monte Cassino

Transportation & Accessibility

Transit & Roads

Public Transit

  • Tulsa Transit bus lines on 15th St and Peoria Ave

Major Roads

  • E 15th St
  • S Peoria Ave
  • S Utica Ave

Commute & Walkability

Commute Times5–10 min to downtown Tulsa; 15–20 min to major employers
WalkabilityExcellent for Tulsa; daily errands possible on foot
ParkingStreet parking common; some homes have driveways or garages, but limited compared to suburbs

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Investors (short-term rental)
  • Empty nesters seeking urban lifestyle

Key Selling Points

  • Walkable urban lifestyle
  • Historic architecture
  • Vibrant dining and arts scene
  • Proximity to downtown

Pricing Considerations

Price competitively for renovated homes; historic charm commands premium; watch for overpricing on unrenovated properties

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates

Response Strategy:

Provide inspection reports, highlight recent renovations, and offer home warranty options.

Objection: Limited parking

Response Strategy:

Emphasize walkability, proximity to transit, and potential for off-street parking improvements.

Objection: Higher price per square foot than other areas

Response Strategy:

Showcase lifestyle benefits, rental income potential, and long-term appreciation.

Investment Insights

Investment Potential

Appreciation Potential

Strong; high demand for historic homes and rentals, especially Airbnb

Rental Demand

Very high; popular for short-term and executive rentals

Buyer Competition

Competitive, especially for renovated or historic properties

Best For

  • Investors (Airbnb, high-end rentals)
  • Young professionals
  • Buyers seeking walkability and urban lifestyle

Potential Concerns

  • Older homes may need updates
  • Limited parking
  • Higher price per sqft than some Tulsa neighborhoods

Professional Recommendations

1

Emphasize walkability, dining, and arts in marketing materials.

2

Stage homes to highlight historic features and flexible spaces.

3

Educate buyers on renovation incentives and historic tax credits.

4

Prepare for competitive offers—advise buyers on escalation clauses and pre-approval.

5

Network with local businesses and event organizers to showcase community lifestyle.

Competitive Analysis

Comparable Markets

  • Brookside
  • Kendall Whittier
  • Downtown Tulsa

Market Positioning

Premium urban neighborhood for buyers seeking lifestyle and convenience

Competitive Advantages

  • Best walkability in Tulsa
  • Historic charm
  • Thriving dining/arts scene

Price Comparison

Priced higher per sqft than Kendall Whittier; similar to Brookside, but with more historic inventory

Investment Metrics

5–7% for well-managed rentals (higher for Airbnb)
Cap Rates
6–8% gross annual yield typical for short-term rentals
Rental Yields
16–18 (favorable for investors)
Price-to-Rent
Positive cash flow likely for short-term and executive rentals; long-term rentals break even to modestly positive
Cash Flow
3–5% annual appreciation expected over next 3 years
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing for those seeking urban lifestyle; may face competition and need to budget for updates.

Move-Up Buyers

Attractive for buyers upgrading from suburban or less walkable areas; historic homes offer character.

Downsizers

Popular for empty nesters seeking low-maintenance, walkable living; smaller lots and homes suit this group.

Investors

High demand for both long-term and short-term rentals; Airbnb potential is a major draw.

Relocators

Desirable for those moving to Tulsa for work or lifestyle; proximity to downtown and amenities is a plus.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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