Why Live in Terrace Drive
Terrace Drive in Tulsa, Oklahoma, is a historic neighborhood featuring a half-mile stretch of the iconic Route 66. This midtown area offers convenient access to the shops and restaurants on Cherry Street and is just two miles from downtown Tulsa. Dining and nightlife options are abundant along Route 66, including Flo’s Smokehouse Eats and The Starlite Bar, which hosts trivia, comedy nights, and live music. Mother Road Market on South Lewis Avenue is a community hub with retail space, a demonstration kitchen, a large bar, and a patio with sunset views. The annual Germanfest, hosted by the German-American Society of Tulsa, is a notable event featuring bratwurst, polka music, and activities for children. Terrace Drive is also close to citywide events like the Tulsa State Fair and Oktoberfest.
The neighborhood is characterized by homes dating back to the 1920s, with a mix of large estates, bungalows, and historic condos. Lot sizes average a quarter-acre, and many properties have paved driveways, though street parking is common. Mature trees provide ample shade and privacy. Terrace Drive is within a five-minute drive to downtown Tulsa and 15 minutes from Tulsa International Airport, with Tulsa Transit buses available for those without cars. Benedict Park, the nearest green space, offers tennis and basketball courts, a playground, and a picnic area.
The neighborhood is safer than the national average, making it a practical choice for many. Two hospitals, William H. Bell Medical Plaza and Hillcrest Medical Center, are located within Terrace Drive, offering round-the-clock medical care but also the potential for frequent siren noise.
Frequently Asked Questions
Is Terrace Drive a good place to live?
Terrace Drive is a good place to live. Terrace Drive is considered fairly walkable and bikeable with some transit options. Terrace Drive is a suburban neighborhood. Terrace Drive has 6 parks for recreational activities. It is somewhat dense in population with 7.2 people per acre and a median age of 43. The average household income is $58,059 which is below the national average. College graduates make up 33.7% of residents. A majority of residents in Terrace Drive are renters, with 56.6% of residents renting and 43.4% of residents owning their home. A
local real estate agent serving Terrace Drive can help you decide if this neighborhood is the right one for you. Learn more on our
Terrace Drive neighborhood guide.
Is Terrace Drive, OK a safe neighborhood?
Terrace Drive, OK is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Terrace Drive?
The median home price in Terrace Drive is $464,450. If you put a 20% down payment of $92,900 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $103K a year to afford the median home price in Terrace Drive. The average household income in Terrace Drive is $58K.
What are the best public schools in Terrace Drive?
The best public schools that serve Terrace Drive are:
What are the best private schools in Terrace Drive?
The best private schools that serve Terrace Drive are:
What are the most popular zip codes in Terrace Drive, Tulsa, OK?
What are the most popular neighborhoods near Terrace Drive, Tulsa, OK?
Home Trends in Terrace Drive, OK
On average, homes in Terrace Drive, Tulsa sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Terrace Drive, Tulsa over the last 12 months is $280,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$280,000
Median Single Family Sale Price
$280,000
Median Townhouse Sale Price
$534,900
Median 2 Bedroom Sale Price
$1,400,000
Average Price Per Sq Ft
$273
Number of Homes for Sale
4
Last 12 months Home Sales
8
Median List Price
$464,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%