Tulsa Comprehensive Plan - PLANiTULSA

Housing
Housing
part ii:
Tulsa’s Future Housing need
The housing needs analysis indicated that Tulsa’s
housing supply and demand are well-matched for
many income groups and there are some opportunities
to develop new housing that will meet gaps in Tulsa’s
current inventory, along with accommodating the
city’s future population growth. The appendix to this
Housing Chapter provides a more detailed description
of the methodology and growth forecasts used in
this analysis.
Tulsa’s rental housing inventory is relatively well-fit
with its population; most of the city’s renters earn
under $35,000/year and most rental units are priced
accordingly. In the future, there will be demand for
both additional rental units for both lower income
households (those earning less than $15,000 annually),
along with moderate to high income households
(those earning over $35,000 annually). These rental
units would serve to accommodate some families who
are likely overpaying (spending over 30% of income
on housing) and some upper-middle and highincome
households who would like to rent but cannot
find high-amenity and more expensive rental
housing available.
Owner-occupied housing in Tulsa holds a larger share
of total housing in the city and is in general, mostly
priced for households with annual incomes of less than
$75,000/year. Future demand for ownership housing
in this price range (often described as “workforce
ownership housing”) will continue; there will also
be increased demand for higher-income housing
in an urban setting, as seen in many other cities of
Tulsa’s size.
2030 Rental Demand Compared to Current Housing Stock
chart 5: 2030 rental demand Compared to Current Housing inventory
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
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