74055, Owasso, OK

The home equity and home prices in the 74055 zip code of Owasso, OK are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 6.5%. This is significantly higher than the statewide average increase of 3.8%. The majority of this growth can be attributed to strong demand from buyers and limited supply of homes for sale.

There are a number of factors that contribute to this high demand for homes in Owasso. First and foremost, Owasso is located in one of the most desirable areas in Oklahoma. It is close to both Tulsa and Oklahoma City, making it an easy commute for residents and businesses alike. Additionally, Owasso has a growing population that is looking for quality housing options. Finally, Owasso has a strong economy with plenty of jobs available.

Despite these positive factors, there are some limitations to consider when purchasing a home in Owasso. First and foremost, there is limited inventory available which means that homes typically take longer to sell than other areas within Oklahoma City or Tulsa. Secondly, prices are slightly higher than average due to the high demand for homes in this area. However, if you are able to find a property that meets your needs and budget then it should be relatively easy to purchase it on either market condition basis.