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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 35,784, 12,493 total housing units (homes and apartments), and a median house value of $204,182, 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 76.72% of the city's housing units. Other types of housing that are prevalent in Owasso include large apartment complexes or high rise apartments ( 17.54%), duplexes, homes converted to apartments or other small apartment buildings ( 2.20%), and a few mobile homes or trailers ( 2.11%).
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 69.24% of Owasso's homes, and 74.96% have either three or four bedrooms, which is average sized relative to America.
Owasso homes and real estate are some of the newest in America. 45.46% 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 ( 44.99%), and between 1940-1969 ( 8.95%).
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 14.66%, which ranks in the top 40% nationwide. This equates to an annual average Owasso house appreciation rate of 1.38%.
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 3.71%, 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 -1.32%, which equates to an annual appreciation rate of -5.19%.
Notably, Owasso's appreciation rate in the latest quarter is one of the lowest in America.
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.
|$861,001 - $1,148,000||0.4|
|$574,001 - $861,000||1.4|
|$459,001 - $574,000||0.4|
|$344,001 - $459,000||4.2|
|$230,001 - $344,000||23.6|
|$115,001 - $230,000||58.1|
|$58,001 - $115,000||8.2|
|$0 - $58,000||3.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
2000 Q1 - 2018 Q2
|* 10 is highest|
|AGE OF Owasso HOMES|
|2000 or Newer||45.5|
|1970 - 1999||45.0|
|1940 - 1969||9.0|
|1939 or Older||0.6|
|TYPE OF Owasso HOMES|
|Small Apt. Buildings||2.2|
|SIZE OF Owasso HOMES|
|5 or more bedrooms||1.63|