Metro area index
Home appreciation in the Tulsa, OK metro area
FHFA HPI® data shows the Tulsa, OK metro area's all-transactions index changed +4.0% over the year to Q2 2026, versus +2.8% for Oklahoma and +3.0% for the U.S. That ranks 161st of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.0%
- 5-year change
- +45.5%
- Since Q1 1995
- +242%
- Metro rank (1 year)
- 161st
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Tulsa, OK vs Oklahoma and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Tulsa, OK: 341.7
- Oklahoma: 338.0
- United States: 391.6
Appreciation by time window
| Window | Metro | OK | U.S. | Gap vs OK | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.0% | +2.8% | +3.0% | +1.2 pts | +0.9 pts |
| 3 years | +12.8% | +11.6% | +12.9% | +1.3 pts | −0.0 pts |
| 5 years | +45.5% | +39.9% | +41.3% | +5.6 pts | +4.2 pts |
| 10 years | +87.6% | +77.0% | +93.3% | +10.6 pts | −5.7 pts |
| Since Q1 1995 | +242% | +238% | +292% | +3.8 pts | −49.8 pts |
3-digit ZIP regions in the Tulsa, OK area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 741 · Tulsa, OK area | OK | +2.5% | +42.6% | +246% | 100% |
| 740 · Broken Arrow, OK area | OK | +3.9% | +45.6% | +232% | 75% |
| 744 · Muskogee, OK area | OK | +1.5% | +38.9% | +225% | 32% |
| 746 · Ponca City, OK area | OK | +1.5% | +38.9% | +225% | 12% |
Boom, bust, and recovery in Tulsa, OK area
Tulsa, OK area's index peaked in Q1 2009, fell 4.5% to its low in Q2 2011, and regained its peak in Q2 2014, about 5.2 years after the top. Today it sits +102% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q2 2011 | -4.5% | Q2 2014 (5.2 yrs) | +102% |
| OK | Q1 2009 | Q3 2011 | -3.6% | Q2 2013 (4.2 yrs) | +93.4% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Tulsa, OK area's index has changed +54.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | OK after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.1% | -1.0% | -0.8% |
| 3 years | +9.8% | +2.8% | +1.6% | +2.8% |
| 5 years | +24.0% | +17.3% | +12.8% | +13.9% |
| 10 years | +39.1% | +34.9% | +27.3% | +39.0% |
| Since Q1 1995 | +121% | +54.3% | +52.6% | +76.8% |
If you bought in the Tulsa, OK area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +239% | $1,016,549 |
| Q2 2000 | +171% | $812,998 |
| Q2 2005 | +126% | $677,812 |
| Q2 2010 | +106% | $616,507 |
| Q2 2015 | +91.6% | $574,723 |
| Q2 2020 | +61.7% | $485,182 |
| Q2 2021 | +45.5% | $436,511 |
| Q2 2023 | +12.9% | $338,559 |
| Q2 2025 | +4.0% | $311,864 |
Frequently asked questions
- How much have home prices risen in the Tulsa, OK area?
- FHFA HPI® data for the Tulsa, OK metro area shows changes of +4.0% over one year, +45.5% over five years, and +87.6% over ten years to Q2 2026, and +242% since Q1 1995.
- Is the Tulsa, OK area beating the national average?
- Over the past year the metro's index moved +0.9 pts versus the U.S.; over five years the gap is +4.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.