Quick facts: Owasso, OK

Quick Facts

90.9
Cost of Living
below US average
39,328
Population
17.09
Crime Rate per 1000
below US average
$79,183
Median Income
below US average
$359,756
Median House Price
above US average
$1913.47
Average Rent
above US average
9%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $79,183.

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Income Needed to Buy

βœ— Stretch
$113k/year
Based on $359,756 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $113k vs median $79,183
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Income Needed to Rent

⚠ Stretch
$82k/year
Based on $1913.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $82k vs median $79,183
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Owasso, OK

Owasso is a rapidly growing city located in northeastern Oklahoma, just north of Tulsa. Known for its family-friendly atmosphere, the city offers a blend of suburban charm and urban convenience. Owasso has a population of around 37,000 residents and boasts a range of parks, recreational facilities, and community events, making it an appealing place for families. The city is served by the Owasso Public Schools district, which is recognized for its commitment to education and student achievement. Additionally, Owasso is home to several local businesses, restaurants, and shopping centers, providing plenty of options for dining and entertainment. Owasso is strategically situated near Highway 169, which allows for easy access to the larger city of Tulsa for additional amenities, employment opportunities, and cultural attractions. The local community is vibrant, with events like the annual Owasso Arts & Entertainment Festival promoting local artists and fostering community spirit. Overall, Owasso is ideal for those seeking a suburban lifestyle with all the benefits of proximity to a larger metropolitan area.

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