JeffCroweCRE

Housing market/Oklahoma/ZIP 74120

ACS 2023 · FY2027 SAFMR

ZIP 74120 Tulsa, Oklahoma

Tulsa, OK HUD Metro FMR Area · Oklahoma. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
5,065
Households
2,818
Median HH income
$66,280
Renter share
66.5%
Median gross rent
$1,071
Vacancy
14.8%
Pop. change
+1.5%
2BR SAFMR
$1,230
SAFMR / rent
1.148×
2–49 unit stock
1,335
LIHTC proj / units
2 / 45
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 74120 · OK — sent to you.

ZIP 74120 · OK

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ACS rent vs 2BR SAFMR

ZIP 74120 — Tulsa, OK HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,071
2BR SAFMR$1,230
90% floor$1,107
110% ceiling$1,353

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 74120

  • 1-unit detached1,46744.3%
  • 1-unit attached1203.6%
  • 2–4 units49014.8%
  • 5–49 units84525.5%
  • 50+ units38611.7%
TypeUnitsShare
1-unit detached1,46744.3%
1-unit attached1203.6%
2 units (duplex)1795.4%
3–4 units3119.4%
5–9 units36711.1%
10–19 units34410.4%
20–49 units1344.1%
50+ units38611.7%
Mobile00.0%

2–4 unit share 14.8% · 5–49 unit share 25.5% · combined 2–49 40.4%.

Units by bedrooms

Studio
333
1BR
1,018
2BR
923
3BR
667
4BR
262
5+
105

Rent burden

Rent ≥30% of income34.0%
Rent ≥50% of income17.9%
  • ACS median gross rent $1,071 (all bedrooms, occupied rentals).
  • Median contract rent $914.
  • Renters paying ≥30% of income 34.0%; ≥50% 17.9%.
  • FY2027 2BR SAFMR $1,230 (1.148× ACS median gross rent).

Population

5,065 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 45 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 933 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 74120 66.5% of occupied households are renters; vacancy is 14.8%; ACS median gross rent is $1,071; population increased +1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 490 units in 2–4-unit structures and 845 units in 5–49-unit structures; 2 LIHTC projects totaling 45 units; FY2027 2BR SAFMR is $1,230 versus ACS median gross rent of $1,071. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Oklahoma research

ZIP 74120 is a Census / HUD profile for Tulsa, OK. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 74120 — Tulsa, OK HUD Section 8 Payment Standards / SAFMR·Oklahoma ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
74001Tulsa, OK HUD Metro FMR Area3.7%—$1,09074002Tulsa, OK HUD Metro FMR Area22.4%$712$92074008Tulsa, OK HUD Metro FMR Area24.5%$1,302$1,50074011Tulsa, OK HUD Metro FMR Area21.1%$1,303$1,56074012Tulsa, OK HUD Metro FMR Area33.0%$1,211$1,42074013Tulsa, OK HUD Metro FMR Area——$1,24074014Tulsa, OK HUD Metro FMR Area12.1%$1,433$1,65074015Tulsa, OK HUD Metro FMR Area31.5%$1,052$1,28074017Tulsa, OK HUD Metro FMR Area32.0%$1,015$1,22074018Tulsa, OK HUD Metro FMR Area——$1,21074028Tulsa, OK HUD Metro FMR Area19.7%$800$94074031Tulsa, OK HUD Metro FMR Area——$1,210

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Oklahoma research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 74120?

ZIP 74120 (Tulsa, OK HUD Metro FMR Area) has 5,065 residents, 2,818 households, a renter share of 66.5%, median household income of $66,280, and ACS 2023 median gross rent of $1,071. Vacancy is 14.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 74120?

ACS counts 179 units in 2-unit buildings, 311 in 3–4 unit buildings, 367 in 5–9, 344 in 10–19, and 134 in 20–49. Combined 2–49 unit stock is 1,335 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 74120?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,230. See the full schedule and 90–110% payment-standard band on the ZIP 74120 — Tulsa, OK HUD Section 8 Payment Standards / SAFMR.

Does this Oklahoma ZIP profile include Georgia listings?

No. ZIP 74120 is Census / HUD research for Tulsa, OK HUD Metro FMR Area. Jeff Crowe CRE does not list Oklahoma property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.