home appreciation in Tulsa (for sale, house, statistics)

[northernguy]

Can anyone comment about home appreciation in Tulsa. While I was there to check things out, my friend there told me that home appriciation is not so good. He bought his house for $87,000 five years ago, and now it's for sale for under $100,000.

I also looked at Sperling's Best Place, and according to their statistic, it is 1.8%. It seems to me that 1.8% conforms with my friend's story. If it's correct, I guess that's one of the reasons why housing is cheap there.

Any information is appreciated. Thanks.

[19hsm]

Housing is cheap in the midwest. Period.

Certain areas of tulsa are growing EXTREMELY faster than others so you need to be specific on which areas you are looking at. Housing probably will not grow faster (appreciate) in the more established areas of west and north tulsa, but look for a jump in appreciation over the next 10-20 years with Tulsa revitalization plans.

[northernguy]

Originally Posted by 19hsm

Housing is cheap in the midwest. Period.

Certain areas of tulsa are growing EXTREMELY faster than others so you need to be specific on which areas you are looking at. Housing probably will not grow faster (appreciate) in the more established areas of west and north tulsa, but look for a jump in appreciation over the next 10-20 years with Tulsa revitalization plans.

thanks for the info. i was hoping to get more answers, but that's ok. sorry, i did not mean to offend anyone when i said housing is cheap in tulsa. i don't know if OK is considered part of the midwest, but i'm here in WI (i think it's the midwest), and housing here is a lot more expensive than in tulsa.

Base on the statistics on Sperling's site, home appreciation for tulsa and its surrounding areas was 1.8%. however, now their stat. has been changed. tulsa down to 1.7%, broken arrow still 1.8 %, owasso down to 1.6%, sand springs down to 1.5%, and sapulpa down to 1.5%. it's also down in my area, so i guess it's an up and down thing.

again, thanks for your response.