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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Owasso, OK Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Owasso, OK Housing Market Trends

With 39,328 people, 14,230 houses or apartments, and a median cost of homes of $293,383, Owasso real estate is some of the most expensive in Oklahoma, although Owasso home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Owasso, accounting for 75.01% of the city's housing units. Other types of housing that are prevalent in Owasso include large apartment complexes or high rise apartments ( 17.93%), duplexes, homes converted to apartments or other small apartment buildings ( 4.63%), and a few row houses and other attached homes ( 1.22%).

The most prevalent building size and type in Owasso are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.12% owning and 35.88% renting.

Owasso homes and real estate are some of the newest in America. 49.80% of Owasso's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Owasso real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.63%), and between 1940-1969 ( 6.09%).

Owasso Home Appreciation Rates

Real estate appreciation rates in Owasso's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Owasso's appreciation rate, at 5.98%, has been at or slightly above the national average. In the latest quarter, Owasso's appreciation rate has been 0.23%, which annualizes to a rate of 0.94%.

Relative to Oklahoma, our data show that Owasso's latest annual appreciation rate is higher than 80% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Owasso differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Owasso - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Owasso real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$293,383

Owasso, OK Home Prices
> $1,322,000
$991,001 - $1,322,000
$661,001 - $991,000
$529,001 - $661,000
$396,001 - $529,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.9%
0.9%
0.3%
0.3%
1.3%
1.3%
5.3%
5.3%
12.2%
12.2%
38.2%
38.2%
36.5%
36.5%
2.5%
2.5%
2.8%
2.8%
0% 100.0%
% of Homes
Very High

for Oklahoma

Average

for nation

Number of Homes And Apartments:

14,230

Owasso Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,818 / per month

Homeownership Rate

Owners
Renters
64.1%
64.1%
35.9%
35.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.8%
3.8%
96.2%
96.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.8%
49.8%
43.6%
43.6%
6.1%
6.1%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.0%
75.0%
1.2%
1.2%
4.6%
4.6%
17.9%
17.9%
1.2%
1.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
11.7%
11.7%
13.1%
13.1%
48.1%
48.1%
23.7%
23.7%
2.7%
2.7%
0% 100.0%
% of Homes