74054, Osage, OK

Osage is a small town located in the Osage County, Oklahoma. The population of Osage was 2,839 as of the 2010 census. The median household income in Osage is $41,719 and the median family income is $50,906. Home prices in Osage have been increasing steadily over the past few years and as of September 2016, the median home price was $128,000.

There are a number of factors that have contributed to the increase in home prices in Osage. One reason is that Osage has experienced a steady influx of new residents over the past few years. This has led to an increase in demand for homes and property values have responded accordingly. Additionally, Osage is located close to several major cities such as Tulsa and Oklahoma City which has also contributed to increased demand for homes in the area.

Despite these positive factors, there are some risks associated with buying a home in Osage. One risk is that interest rates could rise which would make it more expensive to borrow money to purchase a home. Another risk is that the market could suddenly decline which would cause prices to drop significantly below what you paid for your home. Finally, there is always the possibility that you may not be able to sell your home for what you originally paid if market conditions change negatively later on down the road.