Owasso, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Owasso, OK Real Estate Data


Owasso Housing Market Information

With 34,542 people, 11,630 houses or apartments, and a median cost of homes of $177,766, 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 76.30% of the city's housing units. Other types of housing that are prevalent in Owasso include large apartment complexes or high rise apartments ( 18.02%), duplexes, homes converted to apartments or other small apartment buildings ( 2.06%), and a few mobile homes or trailers ( 1.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Owasso. Owner-occupied housing accounts for 66.63% of Owasso's homes, and 73.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Owasso built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Owasso built between 2000 and later ( 45.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.98%). There's also some housing in Owasso built before 1939 ( 1.13%).

Owasso Home Appreciation Rates

Appreciation rates for homes in Owasso have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.84%, which ranks in the top 30% nationwide. This equates to an annual average Owasso house appreciation rate of 1.39%.

Over the last year, Owasso appreciation rates have trailed the rest of the nation. In the last twelve months, Owasso's appreciation rate has been 4.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Owasso were at 1.42%, which equates to an annual appreciation rate of 5.81%.

Relative to Oklahoma, our data show that Owasso's latest annual appreciation rate is lower than 60% 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:
$177,766

Owasso, OK HOME PRICES

Value Range
> $1,129,000 0.1
$846,001 - $1,129,000 0.0
$564,001 - $846,000 0.2
$452,001 - $564,000 0.4
$339,001 - $452,000 4.9
$226,001 - $339,000 19.4
$113,001 - $226,000 62.2
$57,001 - $113,000 9.0
$0 - $57,000 3.7

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
40.0480178017216 4.53172205438066

Number Of Homes And Apartments:
11,630

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 66.63
Renters 33.37
Vacant 5.12

Housing Market Details

 

Age of Homes

AGE OF Owasso HOMES
2000 or Newer 45.3
1970 - 1999 45.6
1940 - 1969 8.0
1939 or Older 1.1

Types of Homes

TYPE OF Owasso HOMES
Single-Family 76.3
Townhomes 1.6
Small Apt. Buildings 2.1
Apt. Complexes 18.0
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Owasso HOMES
No Bedroom 0.78
1 Bedroom 10.25
2 Bedrooms 14.02
3 Bedrooms 53.38
4 Bedrooms 19.88
5 or more bedrooms 1.69

Owasso Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
34.48% 1.76% 2 4
* 10 is highest