Owen Park

Tulsa, OK

Neighborhood Market Analysis

Q3 2025 Report
$145,000 - $175,000 (2024-2025)
Median Home Price
62 (Somewhat Walkable)
Walkability Score
Public schools are rated average; some families choose nearby private or magnet options.
School Rating

Location Overview

Neighborhood Boundaries

Edison Street (north), Owen Park (east), Sand Springs Expressway/Hwy 412 (south), Zenith Avenue (west)

Zip Codes

74127

Market Data Summary

Price Range$120,000 to $225,000 for most single-family homes
Price per Sq Ft$120 - $155/sq ft (2025)
Inventory LevelsLow to moderate; historic homes are limited in supply, creating competition for well-maintained listings.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric bungalowsCraftsman cottages

Architectural Styles

Bungalow/Craftsman (predominant)Colonial RevivalMinimal Traditional

Property Details

Typical Lot Sizes0.15 to 0.25 acres
Home Age RangeBuilt 1910-1940, with some mid-century infill
Construction QualityGenerally solid with many homes retaining original features; renovations common but historic integrity is valued.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, families, retirees, and artists. Median household income is slightly below Tulsa average, but trending upward with new buyers.

Community Vibe

Historic, close-knit, pride in preservation, friendly and welcoming. Residents value diversity and neighborhood history.

Typical Residents

  • Young professionals
  • First-time buyers
  • Families
  • Retirees
  • Artists/creatives

Family Friendly

Yes—quiet streets, proximity to parks, and community events attract families.

Amenities & Lifestyle

Parks & Recreation

  • Owen Park (24 acres, lake, tennis courts, playgrounds)
  • Nearby River Parks trails

Dining Options

  • Local cafes
  • Downtown Tulsa restaurants (5 min drive)

Shopping Centers

  • Downtown Tulsa retail
  • Small neighborhood markets

Local Businesses

  • Coffee shops
  • Antique stores
  • Boutique fitness studios

Education & Schools

Public schools are rated average; some families choose nearby private or magnet options.
Overall School Rating

Elementary Schools

  • Emerson Elementary

Middle Schools

  • Central Junior High

High Schools

  • Central High School

Private Schools

  • Monte Cassino School (nearby)
  • Holland Hall (within 15 min drive)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Tulsa Transit bus lines along Edison and Charles Page Blvd

Major Roads

  • Sand Springs Expressway (Hwy 412)
  • US-75

Commute & Walkability

Commute Times5-10 minutes to downtown Tulsa; 15-20 minutes to major employers in Midtown or South Tulsa.
WalkabilityModerate—walkable to park and some local businesses, but car recommended for most errands.
ParkingOn-street and driveway parking; generally sufficient except during community events.

Marketing Intelligence

Target Buyer Types

  • History enthusiasts
  • Young professionals
  • First-time buyers
  • Investors

Key Selling Points

  • Historic charm and architecture
  • Close to downtown Tulsa
  • Affordable price point
  • Active neighborhood association

Pricing Considerations

Homes with original features and tasteful updates command a premium; overpricing leads to longer days on market.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports, highlight recent upgrades, and connect buyers with local contractors experienced in historic homes.

Objection: Average public school ratings.

Response Strategy:

Emphasize nearby private and magnet school options, and the neighborhood's family-friendly amenities.

Objection: Limited walkability for errands.

Response Strategy:

Highlight proximity to downtown, parks, and the growing number of local businesses within a short drive or bike ride.

Investment Insights

Investment Potential

Appreciation Potential

Strong, due to proximity to downtown, historic appeal, and limited inventory.

Rental Demand

Moderate to high—appeals to young professionals and medical residents seeking proximity to downtown.

Buyer Competition

Moderate; renovated homes and those with preserved historic features attract multiple offers.

Best For

  • First-time buyers
  • Investors seeking appreciation
  • Buyers wanting historic character

Potential Concerns

  • Older homes may require updates
  • Limited new construction
  • Average public school ratings

Professional Recommendations

1

Emphasize historic value and community when marketing listings.

2

Educate buyers on the benefits and responsibilities of owning a historic home.

3

Network with local preservation groups and contractors.

4

Stage homes to highlight period details and outdoor spaces.

5

Price competitively, especially for homes needing updates.

6

Leverage social media and virtual tours to reach out-of-town buyers.

Competitive Analysis

Comparable Markets

  • Riverview
  • Brady Heights
  • Maple Ridge

Market Positioning

Affordable historic neighborhood with strong community and downtown access.

Competitive Advantages

  • More affordable than Maple Ridge
  • Stronger historic character than Riverview
  • Closer to downtown than many west Tulsa neighborhoods

Price Comparison

Owen Park is 10-20% less expensive than Maple Ridge and comparable to Riverview, but with more historic inventory.

Investment Metrics

5.5% - 6.5% for well-maintained rentals (2025)
Cap Rates
6% - 7% gross annual yield
Rental Yields
13-15
Price-to-Rent
Positive cash flow possible with careful acquisition and management; best for long-term appreciation.
Cash Flow
5-7% annual appreciation projected through 2027, barring economic downturn.
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing due to affordability, character, and proximity to downtown jobs; may need education on historic home maintenance.

Move-Up Buyers

Less common, but attractive for those seeking unique architecture and community vibe.

Downsizers

Some interest from retirees seeking walkability and low-maintenance homes.

Investors

Strong interest in value-add opportunities and stable rental demand.

Relocators

Popular with those moving for downtown employment or seeking Tulsa's historic neighborhoods.

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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