Owasso, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Owasso Neighborhoods Since 2000




Owasso, OK Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Owasso Housing Market Information

With 35,784 people, 12,493 houses or apartments, and a median cost of homes of $200,864, 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%).

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 13.72%, which ranks in the top 30% nationwide. This equates to an annual average Owasso house appreciation rate of 1.29%.

NeighborhoodScout's data show that during the latest twelve months, Owasso's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Owasso's appreciation rate has been 1.68%, which annualizes to a rate of 6.88%.

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:
$200,864

Owasso, OK HOME PRICES

Value Range
> $1,129,000 0.1
$847,001 - $1,129,000 0.4
$564,001 - $847,000 1.4
$452,001 - $564,000 0.4
$339,001 - $452,000 4.2
$226,001 - $339,000 23.6
$113,001 - $226,000 58.1
$57,001 - $113,000 8.2
$0 - $57,000 3.8

Very High for OK
High for Nation

Value Relative to Nation Value Relative to State
34.2094479892291 1.81268882175227

Number Of Homes And Apartments:
12,493

Owasso Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
39.17%
1.85%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 69.24
Renters 30.76
Vacant 4.58

Housing Market Details

 

Age of Homes

AGE OF Owasso HOMES
2000 or Newer 45.5
1970 - 1999 45.0
1940 - 1969 9.0
1939 or Older 0.6

Types of Homes

TYPE OF Owasso HOMES
Single-Family 76.7
Townhomes 1.4
Small Apt. Buildings 2.2
Apt. Complexes 17.5
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Owasso HOMES
No Bedroom 0.65
1 Bedroom 9.29
2 Bedrooms 13.47
3 Bedrooms 53.60
4 Bedrooms 21.36
5 or more bedrooms 1.63