Rent to own Homes in Owasso, OK
Straddling the counties of Rogers and Tulsa, Owasso is a city of 30,453 residents that dates back to 1972. The city offers proximity to two major industrial areas, making it an attractive option for those looking for jobs, but prefer to reside in a smaller city. Owasso retains its small town atmosphere even though it is experiencing rapid expansion as a northern suburb of Tulsa.
Owasso, OK is a great place for affordable rent-to-own homes! With a median household income of over $66,897 and a median rent of $1,049, the Owasso, OK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Owasso, OK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Owasso, OK Property Resources
Rent to own Homes in Cities Near Owasso, OK
- Avant
- Bartlesville
- Bixby
- Broken Arrow
- Bushyhead
- Catoosa
- Claremore
- Collinsville
- Coweta
- Fair Oaks
- Foyil
- Glenpool
- Gregory
- Inola
- Jenks
- Justice
- Limestone
- Oakhurst
- Ochelata
- Oologah
- Owasso
- Pryor
- Ramona
- Sand Springs
- Sapulpa
- Sequoyah
- Skiatook
- Sperry
- Talala
- Tiawah
- Tulsa
- Turley
- Valley Park
- Vera
- Verdigris
- Watova
Neighborhoods in Owasso, OK
El Rio Vista rent to own homes Elm Creek Estates rent to own homes The Owasso Golf And Athletic Club rent to own homes Ator Heights rent to own homes Owasso rent to own homes Coffee Creek rent to own homes Three Lakes rent to own homes Fairways At Bailey Ranch rent to own homes Honey Creek At Bailey Ranch rent to own homesPopular Zip Codes in Owasso, OK
74055 rent to own homesBuying a Home in Owasso, OK
Owasso, OK is seeing rapid growth and Owasso, OK's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Owasso, OK is part of Tulsa county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Tulsa is 1.06% which is above the national average, which is 0.99%.
Median Home Price in Owasso, OK
Median Rent in Owasso, OK
Top Reasons to Live in Owasso, OK
Visit the tree and berry farm! Get hands-on with the foods you love. Gather succulent blackberries and blueberries every summer -- and cut down your own holiday tree every winter -- at the Owasso Tree and Berry Farm. Their 5 acres of blackberries are easily accessible just off of the Mingo Valley Expressway.
Feast on a variety of cuisines! Try El Fogon, El Tequila and Baja Jack's Burritos for Mexican food, Akira Sushi Bar for delectable Japanese, Andolini's Pizzeria and Marco's Pizza for solid Italian,Trail's End Barbecue and Grill for rib-sticking American - all have earned great reviews from locals.
New residential districts and plentiful job opportunities! According to Owasso Chamber of Commerce, many residents buy a home in Owasso, but work just minutes away at Cherokee Industrial Park or Tulsa's Port of Catoosa. The Port has more than 67 companies with 4,000 employees and the Industrial Park employs thousands as well. The Port is only minutes from residential subdivisions in Owasso, which are being expanded to accommodate growth. New subdivisions in Owasso with residences in the $150K-$200K price range include Chestnut Farms, Crescent Ridge, Keys Landing and The Lakes at Bailey Ranch. In the $200K-$500K range, The Fairways V at Bailey Ranch, Fairways at Bailey, Nottingham Hill, The Champions, and Clear Brook.
Affordable living near the big city! As a suburb of Tulsa, the second largest city in Oklahoma, Owasso offers the best of both worlds. Residents enjoy lower cost of living and low property taxes than city-dwellers. According to City-Data, the mean house price of all residential units was $161,797 in 2011, while median real estate property taxes for 2012 were $1,619 for those with a mortgage. Try Lake Valley, Coffee Creek, Stone Canyon, Canterbury Estates or Burberry Place and discover rent to own homes, apartments, gated subdivisions and elegant estates -- all within the city of Owasso.