Owasso, OK 74055 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Owasso, OK—74055

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$313,000

1.9% YoY Growth

Household Income

$86,900

13.2% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,700

6.1% YoY Growth

1-Bed Rent

$1,120

1.8% YoY Growth

2-Bed Rent

$1,360

1.3% YoY Growth

3-Bed Rent

$1,650

0.0% YoY Growth

Home Price Trends — Owasso, OK

As of Dec '25, the median home price in Owasso, OK is $313,000, with a year-over-year change of 1.9%. This indicates that home prices in Owasso, OK are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$313,000	1.9%
Single Family	$314,000	2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.0%

1 Bedroom

29.2%

2 Bedrooms

32.2%

3 Bedrooms

27.2%

4 Bedrooms

8.2%

5+ Bedrooms

1.2%

Property Listings — Owasso, OK

As of Dec '25, Realtor.com reports that the median days on market for a home in Owasso, OK is 64. 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$427,000	3.0%
Listing Count	271	19.0%
Listings as % of Homes	1.0%	19.0%
Days on Market	67	0.0%

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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%

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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%

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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%

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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

Owasso, OK—74055

Key Metrics at a Glance

Home Price Trends — Owasso, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Owasso, OK

% of Rental Stock

Property Listings — Owasso, OK

Demographics — Owasso, OK

Race and Ethnicity

Mortgage and Risk — Owasso, OK

Mortgages

Rentals and Section 8 — Owasso, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — Owasso, OK

Home Price to Income Ratio

Owasso, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Tulsa Port, Tulsa, OK

Collinsville, OK

Tulsa International, Tulsa, OK

East Central, Tulsa, OK

East Tulsa, Tulsa, OK

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$313,000
Median Household Income	$86,900

Owasso, OK—74055

Key Metrics at a Glance

Home Price Trends — Owasso, OK

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Owasso, OK

% of Rental Stock

Property Listings — Owasso, OK

Demographics — Owasso, OK

Race and Ethnicity

Mortgage and Risk — Owasso, OK

Mortgages

Rentals and Section 8 — Owasso, OK

Section 8 Market Size

Section 8 Opportunity

Affordability — Owasso, OK

Home Price to Income Ratio

Owasso, OK — ZIP Code Boundary Map

Nearby ZIP Codes

Tulsa Port, Tulsa, OK

Collinsville, OK

Tulsa International, Tulsa, OK

East Central, Tulsa, OK

East Tulsa, Tulsa, OK

Frequently Asked Questions

What is the average home price in Owasso, OK 74055?

How have home prices in Owasso, OK 74055 changed over the past year?

What is the home price projection for Owasso, OK 74055?

What are the demographics of Owasso, OK 74055?

How long does it take homes to sell in Owasso, OK 74055?

What is the average rent price in Owasso, OK 74055?