Multifamily Rents in Oklahoma Show Stability

As many southern markets wrestle with heavy supply, Oklahoma’s largest markets have reported stabilizing rent growth over recent months. Through the end of the first quarter, Oklahoma City reported growth of 2.0%, while Tulsa reported 4.0% growth. These results outpaced the nation as a whole, which reported growth of 0.8%, and are well above their peer southern markets where rent growth is pulled lower by heavy supply.