Real Estate Investing in Owasso, Oklahoma (74055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74055 (Owasso, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Owasso, OK (74055)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 74055 Owasso
ZIP 74055 inside Tulsa County looks affordable on the surface — median value of $320K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 74055 is durable only for operators who understand what they are buying. A $320K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 74055 and stronger Owasso ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 74055 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 74055 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Owasso:
Property Strategy for 74055
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $200,567 | $1,390 | 5.0% | +8.0% | $100,283 |
| 3BR | $272,843 | $1,830 | 4.8% | +7.5% | $90,948 |
| 4BR | $381,537 | $2,120 | 4.0% | +6.6% | $95,384 |
| 5BR | $546,054 | — | — | +6.8% | $109,211 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 74055 Compare?
| Metric | 74055 | Owasso | Tulsa, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $320,324 | $320,324 | N/A | $214,563 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.9% |
| Avg Rent | $1,383 | $1,383 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74055 (Owasso, OK). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 74055 (Owasso, OK)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $320,324 |
| Monthly Rent | $1,383 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74055
Population: 49,895
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 74055
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,919 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Owasso, OK?
Median home price in Owasso, OK is near $320K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What is the typical renter like in Owasso, OK?
Tenant quality in Owasso, OK ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,383/mo.
How should investors approach Owasso, OK?
In Owasso, OK the notable play is typically careful cash-flow rentals with hands-on management. The combination of $320K prices and $1,383/mo rents suits that approach.
What is the investability score for Owasso, OK?
Yes - Owasso, OK a 3.0/5 investability score. With $320K home prices against $1,383/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is rental property easy to operate in Owasso, OK?
The landlord environment in Owasso, OK is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 74055 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 74055 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 74055 ranks in Tulsa, OK
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 74055 (Owasso)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 74055 (Owasso, OK).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.