Pearl District, Oklahoma Information
The Pearl District is an up and coming neighborhood in Tulsa, which is the second largest city in Oklahoma. It is one of the oldest parts of the city and is currently the financial and business district. The district is currently reinventing itself to emphasize the culture and arts.
Pearl District, Oklahoma Details
Located just east of downtown Tulsa, the district has undergone in enthusiastic restoration that features its most beautiful historic buildings. It is a highly walkable district that will provide many architectural delights along its streets.
Tulsa began with the discovery of oil at Rred Fork in 1901. This discovery of several other oilfields led to the rapid growth of Tulsa and its suburb. The mix of shops and businesses in the Pearl District has always been eclectic. The mix has included auto repair shops, drycleaners, groceries, taverns, upholstery shops, and carnival supply. As the needs changed the businesses quickly adapted to meet them. As long as the oil flowed, there was enough support them.
While you are there, be sure not to miss Leon Russell’s historic studio where the Tulsa Sound became famous. The spirit of the old neighborhood can still be seen in the architecture along 6th Street and the neighborhood still retains its unique cultural mix.
Things to Do
There are many things to do in the Pearl District including parks that feature local food trucks and family-friendly events. The district has a host of restaurants that feature world cuisine. Some of its more interesting venues include the Dead Armadillo Brewery, Ike’s Chili, the Phoenix Café, Papa Ganouj, and Blackbird on Pearl which often host local artists and bands. The unique culture of the district is reflected in its restaurants and entertainment venues.
Of course, the district is close to Tulsa’s main center and you have access to everything the city has to offer. The Tulsa Zoo, Philbrook Museum of Art, Gilcrease Museum of Native American and Western art, Tulsa Historical Society, Tulsa Art Deco Museum, and Woody Guthrie Center are all within a short commute. Of course, you would not want to miss the Tulsa Air and Space Museum, Tulsa Children’s Discovery Center, Tulsa Geoscience Center, and Route 66 Historical Museum. If you are the outdoor type, the area has a wealth of lakes, natural areas, and trails for hiking.
Census statistics indicate that the district has been experiencing a period of growth for at least the past decade. The average income per household is around $59,000 per year. Homes in the area are considered to be affordable with the average single-family home price around $107,800. The area is a new investment area and home values are expected to appreciate in upcoming years.
Research into rental prices in the district are about $500 per month for a one bedroom, one bath apartment. A two-bedroom will cost between $800 and $900 per month. Prices are expected to rise by about 2.8% each year due to urban renewal projects and investment that is being filtered into the area.
The area has a well-developed highway system that serves an important role in regional transportation. It is within a short distance of the Tulsa International Airport. The district has excellent public transportation services.
Children in the district to attend Tulsa public schools, which is a large and diverse school system. The system consists of nine high schools, 15 middle schools, and 59 elementary schools. It is the second-largest school district in the state of Oklahoma.
Several major colleges and universities are located in the nearby Tulsa area. These include the University of Tulsa, Oral Roberts University, Oklahoma State University, and Northeastern State University.
This area of the country has a relatively mild climate, but the summers can be warm. Lows in January average around 27° and the high in July averages 93. However, for much of the year temperature remains between the 40s and lower 70s, making the weather comfortable for most.
Pearl is considered part of the Tulsa Metropolitan Area for Census and statistical purposes. It is located close to the downtown area of Tulsa, and the demographics reflect this proximity to the larger metropolitan area. The area is approximately 70% Caucasian, 8% African-American descent, and 8% Native American. The area also has thriving communities of Asians including Vietnamese, Indian, Hmong, and Chinese. There is a thriving Hispanic and Latino community including people of Mexican, Puerto Rican, Spanish, and Guatemalan descent.
The Tulsa Metropolitan Area continues to grow and this affects growth in Pearl too. This is considered an area that is destined to become more popular in the future, but real estate is still moderately priced. The location of the district next to the downtown area and as a part of the Tulsa Metropolitan Area gives it access to funding via a large tax base. This is the fuel behind its support of the arts and cultural activities, and a key reason why real estate prices are expected to increase in the future.
Close access to all of the amenities of the Tulsa downtown area and its suburbs makes this a highly desirable location as it continues to grow and thrive. It is a highly diverse community that prides itself on its uniqueness and the culture that it offers its citizens.
Call us to find your perfect Pearl District Oklahoma property.
Pearl District Property Management
Our property management team specializes in residential areas throughout Pearl District, OK. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Pearl District area property management services.
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