Owasso, OK—74055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Owasso, OK
As of Oct '25, the median home price in Owasso, OK is $313,000, with a year-over-year change of 1.8%. This indicates that home prices in Owasso, OK are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $313,000 | 1.8% |
| Single Family | $314,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 3.1% |
3 Bed | $273,000 | 1.5% |
4 Bed | $382,000 | 1.6% |
| 5 Bed | $546,000 | 1.7% |
% of Housing Stock
Rental Trends — Owasso, OK
As of July '25, Rentcast reports the average rent in Owasso, OK is $1,690, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Owasso, OK is 1-bedrooms: $1,100, 2-bedrooms: $1,470, 3-bedrooms: $1,680, 4-bedrooms: $2,350. The most common rental property sizes in Owasso, OK are 2-bedroom and 1-bedroom, accounting for 32.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,100 |
| 2 Bed Rent | $1,360 | $1,470 |
| 3 Bed Rent | $1,650 | $1,680 |
| 4 Bed Rent | $2,250 | $2,350 |
% of Rental Stock
Property Listings — Owasso, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Owasso, OK is 63. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $418,000 | 4.0% |
Listing Count | 281 | 15.0% |
| Listings as % of Homes | 1.0% | 15.0% |
Days on Market | 63 | 8.0% |
Demographics — Owasso, OK
As of the latest ACS Survey released in 2023, Owasso, OK has a population of 49,900, which has increased by 10.0% over the past 5 years. Owasso, OK is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 38.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,900 | 10.0% |
% Under 18 | 26.0% | 2.4% |
% Seniors | 14.1% | 13.7% |
% WFH | 11.9% | 205.1% |
% w/ College Degree | 38.6% | 10.9% |
As of the latest ACS Survey released in 2023, Owasso, OK is a predominantly white area, with 71.5% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Owasso, OK is hispanic, making up 8.3% of the population. Foreign-born residents account for 4.0% of the population in Owasso, OK, and this percentage has decreased by 4.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.5% | -4.2% |
% Black | 2.9% | 7.4% |
% Hispanic | 8.3% | 31.7% |
% Asian | 2.5% | -3.8% |
% Foreign Born | 4.0% | -4.8% |
Mortgage and Risk — Owasso, OK
According to HUD data as of 2023, there were 1131 mortgage originations in Owasso, OK, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Owasso, OK. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,131 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Owasso, OK
As of 2024, the percent of homes in Owasso, OK under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Owasso, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,120 | $1,100 |
| 2 Bedroom | $0 | $1,360 | $1,360 |
| 3 Bedroom | $140 | $1,650 | $1,790 |
| 4 Bedroom | -$180 | $2,250 | $2,070 |
Affordability — Owasso, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $313,000 |
| Median Household Income | $86,900 |