Terrace Drive, Tulsa, OK
Terrace Drive — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Terrace Drive, Tulsa, Oklahoma. Explore the cited sources and local facts below while agent underwriting continues.
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Terrace Drive Neighborhood Overview
Terrace Drive is a residential neighborhood located in Tulsa, Oklahoma, within the 74131 ZIP code. The area offers a quiet, suburban atmosphere with a strong sense of community, characterized by its high rate of homeownership. Its convenient location provides residents with easy access to the broader amenities of the Tulsa metropolitan area.
Lifestyle & Amenities
Residents of Terrace Drive enjoy a lifestyle centered around comfortable suburban living. The neighborhood is primarily residential, with nearby shopping, dining, and recreational options available within a short drive. The community's demographics and income levels support a stable environment with access to everyday conveniences.
Real Estate Market
The Terrace Drive real estate market is active and competitive, with homes typically selling after an average of 17 days on the market. The median home value is approximately $186,800, with a price per square foot around $179, and the median monthly rent is $1,043. A high homeownership rate of 79% indicates a stable, owner-occupied community.
Schools & Education
Families in the Terrace Drive neighborhood are served by the Tulsa Public Schools district. The specific schools assigned to this area can vary, and parents are encouraged to verify current district boundaries and ratings. The median household income suggests a community that values and supports educational opportunities.
Transportation & Connectivity
Terrace Drive is well-connected by major roadways, facilitating straightforward commutes and travel across Tulsa. The neighborhood's layout is primarily designed for private vehicle use, with typical suburban street patterns. Public transportation options are available through the Tulsa Transit system for connectivity to downtown and other key areas.
Why Choose Terrace Drive
Prospective residents choose Terrace Drive for its affordable housing market, stable community, and convenient Tulsa location. The neighborhood offers a classic suburban lifestyle with the benefits of city access, making it a practical choice for homeowners and families. Its strong homeownership rate and efficient market reflect its desirability and enduring appeal.
Terrace Drive Market Data
| Metric | Value |
|---|---|
| Median Home Price | $187K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $75K |
| Homeownership Rate | 79.1% |
| Renter-Occupied | 20.9% |
| Rental Vacancy Rate | 5.3% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 74131 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 85,661 |
| VA Loan Originations | 9,482 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $261K |
| Conventional Loan Originations | 64,218 |
| FHA Loan Originations | 11,961 |
Top Real Estate Agents in Terrace Drive, Tulsa
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Terrace Drive, Tulsa, OK. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Oklahoma Real Estate Commission (OREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12