Cherry Street, Oklahoma Information
Cornhole tournaments, fall festivals, breweries, local gatherings, laughter, and entertainment—all things that come to mind when thinking about this quaint, but popular little section of Oklahoma. The Cherry Street District is the central area comprised around historic 15th Street near downtown Tulsa. The most popular area here, where everyone intermingles and enjoys one-of-a-kind happenings, is typically defined as the area on 15th street between Utica and Peoria. This district has been catering to tourists and locals alike for decades now, though it certainly deserves this newfound success.
Cherry Street, Oklahoma Details
This area has also become one of Tulsa’s major avenues for the hottest new bars and entertainment, with seemingly more opening every month. The area is similarly popular for the many farmers’ markets, which offer fresh produce, local cheeses, and other delectable items unique to the area. Look for these pop-up markets starting early April, all the way until the last crops ripen in late fall. You’ll not only find great, high-quality items here, but also potentially rub elbows with a local or two for an inside scoop on the best lunch deals and happy hours in town.
Visitors may also opt to tour the surrounding neighbors to see the old architecture and feel the vibrant atmosphere that radiates from the Cherry St. District charm. The old school feel blends with modern renovations for a truly unique landscape. The small area stands under one square mile and is home to over 18,000 people. The median resident age is 32 years. Over 41% of the adult population has a bachelor’s degree or higher. This is reflected in the job sector, with nearly 70% of all jobs being white-collar positions.
Cherry St. Property Manager
The Cherry St. district has made huge renovations to public and private structures over the past 40+ years. The area was home to only one restaurant in 1978 and lacked any other forms of entertainment, shopping, or eateries. It was not expected to thrive much longer. However, small bakeries started opening in 1982. The newness of these stores strummed up enough buzz in the area to attract other businesses and locally owned shops. The commercial commitment of these stores put Cherry St. on the fast-track to success. Unfortunately most of those original shops have closed over the years, but the emergence of those original attractions allowed the district to transform into the popular location it is today.
The majority of homes in the area were built during the early 1920s to 1930s. Most were either renovated or restored after the emergence of Cherry St. as a thriving Oklahoman hotspot. Many are considered single or multi-family homes, though a few apartment homes and complexes are now scattered throughout the district. They aesthetically maintain the local charm of the area, while making the space more affordable for younger families looking to experience the Cherry St. charm. Limited land for sale in this district means few of these complexes or new houses will be constructed in the coming years, so don’t anticipate further commercialization or extensive construction zones.
Families will also take comfort in sending their children to the closest schools in the area. Lee Elementary and Thomas Edison Preparatory High have earned high Great Schools ratings currently and in the past, while Edison Preparatory Middle is an up-and-coming educational powerhouse. The Cherry Street District is also close enough to Tulsa to scope out more than 25 other public and private schools within a reasonable proximity.
The latest US Census bureau reports the median household income to be just over $65,000. However, the average household income has been noted at more than $93,000. The high income in the area has lead to slightly higher rent and mortgages than in the surrounding Tulsa area, though the centralized location more than makes up for this.
The average home value in the Cherry St. District steadily remains at $140,000 a year or more. The average cost of a 3 bedroom, 2 bath rental property in this district stands between $1,000-1,200, depending on proximity to Cherry St. Studio and one-bedroom rentals cost slightly less than that, between $600-750 on average. The plethora of property types ensures that anyone looking to make Cherry Street a home will find the perfect fit.
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