Tulsa, Oklahoma, a city rich in cultural history and community spirit, is experiencing an unprecedented real estate boom. Known for its Art Deco architecture, mouth-watering barbecue, and robust music scene, this city in the heartland of America is fast becoming a destination for those looking for a high quality of life at an affordable cost.
As demand for new homes in Tulsa continues to grow, neighborhoods are expanding, and suburbs are flourishing. This article delves into the rise of new homes in Tulsa and its surrounding suburbs. Let’s examine what’s driving this growth and what it means for potential homebuyers.
Only a few years ago, Tulsa remained overshadowed by Oklahoma City. Recently, though, Tulsa has been making a name for itself. Compared to other cities its size, Tulsa boasts lower living costs and diverse employment opportunities.
These factors have led to a new wave of interest from people seeking a balanced lifestyle without breaking the bank. New construction homes in Tulsa and established homes are both easy to find to accommodate the recent influx of people.
The real star of the housing boom in the Tulsa metropolitan area is the suburbs. These are some of the country’s fastest-growing, best places to live. Whether you’re a young professional, couple, family, or retired, the suburbs of Tulsa will have something for you.
Located just southeast of Tulsa, Broken Arrow has been recognized as one of the best places to live in the United States. With excellent schools and a low crime rate, it is particularly attractive to families. New developments offer a range of options, from townhomes to sprawling estates.
Owasso offers a rural feel while still being conveniently close to the urban amenities of Tulsa. Known for its community events and green spaces, Owasso has become a hub for new constructions that blend modern designs with traditional aesthetics.
Owasso is well known for having numerous parks and recreation areas. It is rated as one of the best places to live in Oklahoma. The population is small, with the city having fewer than 40,000 residents.
Located to the south of Tulsa, Bixby is famous for its annual Green Corn Festival and its commitment to sustainable living. The area has experienced a surge in new homes being built, many of which focus on energy-efficient designs and sustainable materials.
Between 2010 and 2020, Bixby grew by over 13%. People from all over the state and country have been moving to Bixby. It offers an almost rural feel for those who want to escape the city while still being close to all the amenities provided by Tulsa.
Just across the Arkansas River from Tulsa, Jenks has evolved from a small-town atmosphere to a burgeoning suburb without losing its charm. Known for its top-rated schools, including the highly acclaimed Jenks High School, and the Oklahoma Aquarium, this area is an enticing location for families.
New homes in Jenks are being constructed at a rapid pace to accommodate the growing demand, offering a blend of contemporary and traditional designs that fit within the scenic riverside backdrop.
For those who want a small-town feel with a short drive to downtown Tulsa, Sand Springs offers affordable new developments as well as high-end luxury homes in the rolling Osage Hills of northwest Sand Springs.
The home of Oklahoma’s oldest herb festival sits right along the banks of the Arkansas River and is known for its great recreation activities at Keystone Ancient Forest, Shell Lake, and more.
Sand Springs is a seller’s market with a 15.4% increase in median sold home prices from 2022 to 2023, but it remains the most affordable suburb in Tulsa County.
Tulsa and its suburbs offer an attractive cost of living compared to other American cities. The competitive home prices are drawing people from more expensive cities, offering them the opportunity to own spacious homes without incurring massive debts. This is why new construction homes in Tulsa focus on single-family units.
From thriving arts scenes to outdoor activities like hiking, fishing, and golfing, Tulsa offers a wide range of activities for all age groups. This well-rounded lifestyle is appealing to families and individuals alike. There’s always something going on in Tulsa that the entire family can enjoy.
Tulsa is home to numerous festivals, conventions, and shows. The culture of the city is so diverse there are attractions that fit anyone’s interest. From anime to hunting, Tulsa has what you’re looking for.
The city of Tulsa has rolled out several initiatives to attract remote workers and businesses. Programs offering financial incentives and community integration options have been particularly successful in drawing new residents.
Tulsa, Oklahoma, and its suburbs are experiencing a real estate renaissance fueled by a mix of affordability, quality of life, and economic growth. For those considering a move, the city and its surrounding areas offer a range of options that cater to various needs and preferences. With its rich cultural tapestry and promising future, Tulsa is positioning itself as a city to watch in the American landscape.
No, quite the opposite. The average home has increased in value in Tulsa over the last year by over 9%. Increases like this are expected to continue as the area sees continued growth and expansion.
The answer to this question requires some nuance. The average falls around $130 per square foot. This is well below the national average. This does not include the cost of land and other fees. Some new homes, like those in luxury developments, will cost more.
If you’re searching for new homes in Tulsa, the best place to look is around the outside of the city. The suburbs of Tulsa are one of the prime areas for new construction homes, as are the areas along the Arkansas River. There are over a dozen new development neighborhoods in Tulsa alone.
Tulsa is one of the cheapest places to build or buy a home in the United States. In some areas, homes are up to 25% cheaper to build in Tulsa than anywhere else. You can expect that a new home with modern amenities will range between $100 and $200 per square foot.
There’s a lot going on in the Tulsa area, and that makes the market interesting. Sellers will like that houses often sell for their full price and don’t take long to attract buyers. Buyers like the investment return, as well as what the city has to offer.
If you’re looking for a new construction home in Tulsa, you’re in luck. There are housing developments in over a dozen neighborhoods. The real growth in the housing market is centered around the suburbs of Tulsa, which are some of the fastest-growing towns in the country.
The city itself is growing slowly but does experience some periods of negative growth. The surrounding area, however, is booming. The Tulsa metropolitan area has continued to grow at an accelerated pace for the last twenty years.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman