Owasso, Oklahoma Housing Market Prices
Owasso Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 108% above the Oklahoma median$276,992
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Median rent 25% above the Oklahoma median$1,268
Housing Market Overview
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $276,992 | $133,462 | $248,835 |
| Price Trend (Annual %) | 5.3% | 5.4% | 7.5% |
| Median Gross Rent | $1,268 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Owasso is about 108% higher than in Oklahoma. Rent is about 25% higher than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Owasso, up about 5.3% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Owasso rose about 41.7% between 2015 and 2024, from $895 to $1,268. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Owasso.
Buying the median-priced home in Owasso costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Owasso. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $276,992 | $133,462 | $248,835 |
| Median Household Income | $80,710 | $65,606 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Owasso rose about 45.2%, while median household income rose about 28.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 57.9% | 58.5% |
| Rental Rate | 33.1% | 30.1% | 31.2% |
| Vacancy Rate | 3.3% | 12.0% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Owasso has a homeownership rate of 63.6%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 3.3%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1996 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Owasso was built around 1996. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Owasso, Oklahoma.
What is the median home price in Owasso, Oklahoma?
The median home price in Owasso, Oklahoma is $276,992, higher than the Oklahoma average of $133,462.
What is the average home price in Owasso, Oklahoma?
The typical home price in Owasso, Oklahoma, reported as the median sale price, is $276,992. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Owasso, Oklahoma?
The median gross rent in Owasso, Oklahoma is $1,268 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Owasso in 2020?
In 2020, the median gross rent in Owasso, Oklahoma was $1,062 per month.
What is the price-to-rent ratio in Owasso, Oklahoma?
The price-to-rent ratio in Owasso, Oklahoma is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Owasso.
Are home prices or rent rising faster in Owasso, Oklahoma?
Both home prices and rent are rising in Owasso, up about 5.3% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Owasso, Oklahoma?
63.6% of households in Owasso, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Owasso, Oklahoma?
The housing vacancy rate in Owasso, Oklahoma is 3.3%, lower than the Oklahoma average of 12.0%.
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