Owasso, Oklahoma Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Owasso, Oklahoma rental market.
Owasso, Oklahoma
Average Apartment Rent
$1,142
Y-o-Y Change in Average
Apartment Rent
3.9%
As of July 2024
Compared to a year ago, Owasso, Oklahoma apartments have recorded a 3.9% rent increase.
Owasso, Oklahoma Average apartment rent trend
Owasso, Oklahoma Average Apartment Rent
Owasso, Oklahoma Apartment rent ranges
At 69.65%, apartments priced $1,000 - $1,500 represent the bulk of Owasso, Oklahoma rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.33%.
Owasso, Oklahoma Housing tenure**
Renters take up 35% of Owasso, Oklahoma real estate, occupying a total of 5,049 units, while homeowners live in 9,181 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$57,509
Average household size of renter-occupied housing units**
2.41
Rental vacancy rate**
4.5%
Owasso, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 1,551 rentals in Owasso, Oklahoma with 1 bed making up the highest share of the market, at 31%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 40 units. Overall, the median number of rooms in Owasso, Oklahoma homes for rent is 4.2.
Owasso, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Owasso, Oklahoma are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 4%.
Owasso, Oklahoma Renter-occupied housing units by family type**
Owasso, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 2,676 apartments for rent in Owasso, Oklahoma, or 53% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 1,605 units. All in all, the median size of a renter-occupied household in Owasso, Oklahoma is 2.41.
Owasso, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Owasso, Oklahoma.
Owasso, Oklahoma Renter-occupied units by year structure built**
The highest share of Owasso, Oklahoma apartment rentals, namely 24% or 1,214 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (21%, 1,069 units), and the ones Built 1990 - 1999 (21%, 1,040 units).
Owasso, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Owasso, Oklahoma renters (48%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Owasso, Oklahoma condos for rent is 2019.
Owasso, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Owasso, Oklahoma renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 8% have No vehicle available.
Owasso, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Owasso, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Owasso, Oklahoma Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Owasso, Oklahoma apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
