Airbnb Rules and Regulations in Tulsa, Oklahoma

As of 2024, Tulsa has established rules and regulations for short-term rentals, ensuring a fair and safe environment for both hosts and guests. All Airbnb operators must obtain an annual license of $375, with most of the fees funding a dedicated code enforcement officer and a compliance monitoring firm. The city enforces a "three strikes" policy, allowing for the revocation of licenses if a property receives three documented violations within a calendar year.

While there are no limits on the number of short-term rentals in a given neighborhood, hosts must adhere to occupancy limitations, with a maximum of 8 guests allowed per unit. Tulsa's zoning districts permit short-term rentals citywide, but hosts in residential and office zoning districts must secure a special exception from the Board of Adjustment. Failure to comply with the ordinances may result in criminal misdemeanor charges, civil penalties, and the withholding or revoking of permits. By following these regulations, Airbnb hosts can contribute to Tulsa's thriving and responsible short-term rental market.

Tulsa Airbnb Market Data:

• Average Revenue – $20.1K per year
• Average Daily Rate – $118.7 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $69.5
• Average Home Prices – $194,784

1. Top Place to Invest in Tulsa, Oklahoma - Uptown

Uptown Tulsa, a vibrant and eclectic neighborhood, has emerged as a prime location for Airbnb investors seeking a profitable venture in the heart of Oklahoma's second-largest city. With its unique blend of historic charm and modern amenities, Uptown offers a compelling investment opportunity for those looking to capitalize on the growing market and enter the short-term rental business.

Uptown Airbnb Market Data:

• Average Revenue – $24.2K per year
• Average Daily Rate – $105.8 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $77.4

Convenience - 8/10

Uptown Tulsa boasts a highly convenient location, with easy access to major highways, public transportation, and a wide array of shops, restaurants, and entertainment options. The neighborhood's walkability and bike-friendly streets make it an attractive choice for both residents and visitors alike.

Tourist Attractions - 7/10

While Uptown may not be the primary tourist destination in Tulsa, it still offers a variety of interesting attractions, such as the historic Cain's Ballroom, the Tulsa Air and Space Museum & Planetarium, and the Tulsa Botanic Garden. These attractions provide a steady stream of potential guests for Airbnb hosts in the area.

Things to Do - 9/10

Uptown Tulsa is a hub of activity, offering a diverse range of experiences for visitors and locals. From the trendy restaurants and bars along Cherry Street to the numerous art galleries and boutiques scattered throughout the neighborhood, there's never a shortage of things to do in Uptown.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Uptown Tulsa stands at $325,000, representing a 4.5% appreciation rate over the past year. While prices are higher than the Tulsa average, the neighborhood's strong rental demand and growing popularity make it an attractive option for investors seeking long-term appreciation.

Proximity to Work-Related Travel - 8/10

Uptown Tulsa is conveniently located near several major employers, including Saint Francis Hospital, the University of Tulsa, and the Tulsa Convention Center. This proximity to work-related travel destinations makes it an ideal location for a corporate rental, targeting business travelers and visiting professionals.

X-Factor - 9/10

What sets Uptown Tulsa apart is its unique blend of historic architecture, vibrant arts scene, and thriving culinary culture. The neighborhood's distinctive character and strong sense of community create a welcoming atmosphere that appeals to both short-term renters and long-term residents, making it a desirable location for Airbnb investors.

2. Top Place to Invest in Tulsa, Oklahoma - Midtown

Midtown Tulsa, a charming and centrally located neighborhood, has become increasingly attractive to Airbnb investors looking to capitalize on the city's growing tourism industry. This historic area offers a perfect blend of residential comfort and urban convenience, making it an ideal location for short-term rental investments.

Midtown Airbnb Market Data:

• Average Revenue – $36.4K per year
• Average Daily Rate – $139.4 per night
• Average Occupancy Rate – 72%
• Average RevPAR – $98.3

Convenience - 9/10

Midtown Tulsa is exceptionally convenient, with easy access to major highways, public transportation, and a plethora of amenities. The neighborhood's central location allows for quick and easy travel to other parts of the city, making it an attractive choice for both tourists and business travelers.

Tourist Attractions - 8/10

While Midtown itself may not be a primary tourist destination, its proximity to popular attractions such as the Philbrook Museum of Art, Woodward Park, and the Tulsa Historical Society & Museum makes it an excellent base for visitors exploring the city.

Things to Do - 9/10

Midtown Tulsa offers a wide variety of activities and experiences for visitors and residents alike. From the trendy restaurants and bars along Brookside to the numerous parks and green spaces, there's always something to do in this vibrant neighborhood.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Midtown Tulsa is $385,000, representing a 5.2% appreciation rate over the past year. Although prices are higher than the city average, the neighborhood's strong rental demand and consistent growth make it a solid choice for investors seeking long-term appreciation.

Proximity to Work-Related Travel - 9/10

Midtown Tulsa is strategically located near several major employers, including Saint John Medical Center, the University of Tulsa, and the BOK Center. This proximity to work-related travel destinations makes it a popular choice for business travelers and visiting professionals.

X-Factor - 9/10

Midtown Tulsa's unique appeal lies in its perfect balance of historic charm and modern amenities. The neighborhood's tree-lined streets, beautiful architecture, and strong sense of community create a welcoming atmosphere that attracts both short-term renters and long-term residents, making it a highly desirable location for Airbnb investors.

3. Top Place to Invest in Tulsa, Oklahoma - North Tulsa

North Tulsa, a neighborhood with a rich history and promising future, has recently gained attention from Airbnb investors looking for affordable properties with potential for growth. Despite its challenges, this area offers unique opportunities for those willing to invest in its revitalization and tap into the increasing demand for short-term rentals.

North Tulsa Airbnb Market Data:

• Average Revenue – $14.3K per year
• Average Daily Rate – $100.7. per night
• Average Occupancy Rate – 48%
• Average RevPAR – $47.6

Convenience - 6/10

North Tulsa's convenience is a mixed bag. While it has access to major highways like I-244 and US-75, public transportation options are limited, and amenities are not as abundant as in other parts of the city. However, ongoing development efforts aim to improve the area's accessibility and livability.

Tourist Attractions - 5/10

North Tulsa is not known for its tourist attractions, but it does have some notable points of interest, such as the Greenwood Cultural Center, which showcases the area's African American heritage, and the Osage Casino Tulsa, which draws visitors from across the region.

Things to Do - 6/10

While North Tulsa may not have the same variety of activities as other neighborhoods, it still offers some unique experiences. The Tulsa Flea Market, located in the heart of North Tulsa, is a popular destination for bargain hunters and antique enthusiasts. The area also has several parks and community centers that host events and programs throughout the year.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in North Tulsa is $145,000, which is significantly lower than the city average. However, the area has seen a modest appreciation rate of 2.8% over the past year. While the lower prices may indicate a higher risk, they also present an opportunity for investors to acquire properties at a lower cost and potentially benefit from future appreciation.

Proximity to Work-Related Travel - 6/10

North Tulsa is not as close to major work-related travel destinations as other parts of the city. However, it is still relatively accessible to downtown Tulsa and the Tulsa International Airport, which could make it a viable option for some business travelers and visiting professionals.

X-Factor - 7/10

North Tulsa's X-factor lies in its potential for growth and revitalization. As the city continues to invest in the area's development, there may be opportunities for Airbnb investors to be part of the neighborhood's transformation. Additionally, the area's rich cultural heritage and a strong sense of community could be a draw for visitors seeking a more authentic and immersive experience.

4. Top Place to Invest in Tulsa, Oklahoma - Pearl District

The Pearl District, a historic neighborhood undergoing a remarkable transformation, has emerged as a top contender for starting an Airbnb business in Tulsa, Oklahoma. With its unique blend of industrial charm, vibrant arts scene, and growing collection of restaurants and bars, the Pearl District offers a compelling investment opportunity for those seeking to capitalize on the area's rising popularity.

Pearl District Airbnb Market Data:

• Average Revenue – $22.3K per year
• Average Daily Rate – $133.8 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $78.6

Convenience - 8/10

The Pearl District boasts a highly convenient location just east of downtown Tulsa. The neighborhood's proximity to major highways, like I-244 and US-75, ensures easy access to other parts of the city. Additionally, the district's walkability and bike-friendly streets make it an attractive choice for visitors and residents alike.

Tourist Attractions - 7/10

While the Pearl District may not be a primary tourist destination, it does offer some unique attractions that draw visitors to the area. The Tulsa Glassblowing School, for example, provides hands-on glassblowing experiences, while the neighborhood's numerous art galleries and studios showcase the work of local artists.

Things to Do - 9/10

The Pearl District is a hub of activity, offering diverse experiences for visitors and locals. From the trendy restaurants and craft breweries along 6th Street to the monthly First Friday Art Crawl, there's always something happening in this vibrant neighborhood.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in the Pearl District is $295,000, representing a 6.1% appreciation rate over the past year. While prices are higher than the Tulsa average, the neighborhood's strong rental demand and rapid growth make it an attractive option for investors seeking both short-term cash flow and long-term appreciation.

Proximity to Work-Related Travel - 8/10

The Pearl District's proximity to downtown Tulsa makes it ideal for business travelers and visiting professionals. The neighborhood is just minutes away from major employers like the BOK Center, the Cox Business Convention Center, and the Tulsa Arts District.

X-Factor - 9/10

What sets the Pearl District apart is its unique blend of industrial heritage and creative energy. The neighborhood's repurposed warehouses, colorful murals, and thriving arts community create a distinctive atmosphere that appeals to both short-term renters and long-term residents. As the district continues to evolve and grow, it's poised to become one of Tulsa's most desirable locations for Airbnb investors.

5. Top Place to Invest in Tulsa, Oklahoma - Greater Oakview

Greater Oakview, a quiet and unassuming neighborhood in the heart of Tulsa, has recently caught the attention of savvy Airbnb investors. This hidden gem offers a unique combination of affordability, accessibility, and potential for growth, making it an intriguing option for those looking to enter the short-term rental business.

Convenience - 7/10

Greater Oakview's convenience is a strong point, with easy access to major highways like I-44 and US-75. The neighborhood is also well-served by public transportation, with several bus routes connecting it to other parts of the city. However, the area's amenities are somewhat limited compared to more established neighborhoods.

Tourist Attractions - 5/10

Greater Oakview is not known for its tourist attractions, as it is primarily residential. However, its proximity to other popular destinations, such as the Tulsa Air and Space Museum & Planetarium and the Tulsa Zoo, could make it an attractive base for visitors looking to explore the city.

Things to Do - 6/10

While Greater Oakview may not have the same variety of activities as other neighborhoods, it does offer some unique experiences. The neighborhood is home to several parks, including the expansive Mohawk Park, which features hiking trails, a golf course, and a sports complex. The area also has a growing number of local restaurants and shops that cater to the community.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Greater Oakview is $175,000, which is significantly lower than the Tulsa average. The area has seen a modest appreciation rate of 3.2% over the past year. These lower prices present an opportunity for investors to acquire properties at a more affordable cost, potentially leading to higher cash flow and long-term appreciation.

Proximity to Work-Related Travel - 6/10

Greater Oakview is not as close to major work-related travel destinations as other parts of the city. However, its proximity to I-44 and US-75 makes it relatively accessible to downtown Tulsa and the Tulsa International Airport, which could make it a viable option for some business travelers and visiting professionals.

X-Factor - 7/10

Greater Oakview's X-factor lies in its potential for growth and development. As Tulsa continues to expand and evolve, this neighborhood could benefit from increased investment and revitalization efforts. Additionally, the area's affordability and strong sense of community could be a draw for visitors seeking a more authentic and budget-friendly experience.