ZIP Code · OK

ZIP 74055

Part of Owasso, OK

Pop. 51,381·Tulsa County·44th most expensive ZIP in Oklahoma

Median rent (all units)

$1,375/mo

Year-over-Year

+2.8%

Month-over-Month

+0.2%

vs US Median

-$557

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 74055 · $1,375

More affordable than 82% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,070

1 BR

$1,130

2 BR

$1,390

3 BR

$1,830

4 BR+

$2,120

Research median

$1,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 74055 usually run 0.6% below trend in January and 0.8% above it in August, about $19 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 74055 is at its highest level since Zillow's records here began in June 2016.

Past year vs. the rest of Oklahoma

Rent in ZIP 74055 changed +2.8% over the year to September 2026. Across the 87 Oklahoma ZIP codes Zillow tracks, the typical change was +3.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 74055 rose 34.6% while median household income rose 13.7% ($76,938 to $87,506). Rent outpaced income.

Since before the pandemic

Rent in ZIP 74055 is 36.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($87,506) is $2,188 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,120).

Cheaper nearby

ZIP 74115, 7 miles away, rents for 19% less ($1,118/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 74055. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,500/yr

At $1,375/mo median

Location

CityOwasso

StateOK

CountyTulsa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.8% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 74055 (Owasso, OK) is majority owner-occupied, 37.6% of residents hold a bachelor's degree or higher.

Population

51,381

Median income

$87,506

Median age

37.2

Renters

29.1%

Age distribution

24.4%

22.5%

25.9%

12.7%

14.5%

Under 1824.4%

18–3422.5%

35–5425.9%

55–6412.7%

65+14.5%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

70.1%

13.7%

White70.1%

Black2.8%

Hispanic10.2%

Asian3.2%

Other13.7%

Education (25+)

24.1%

33.5%

37.6%

No HS diploma4.8%

HS diploma24.1%

Some college33.5%

Bachelor's+37.6%

Housing tenure

70.9%

29.1%

Owner70.9%

Renter29.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 74055 in Owasso, OK has changed in 5 years

Rent

$1,093 → $1,375

up 25.8%

Income

$79,189 → $87,506

up 10.5%

Population

47,504 → 51,381

up 8.2%

Renter share

28.1% → 29.1%

+1.0 pts

Bachelor's+

36.7% → 37.6%

+0.9 pts

Median age

36.6 → 37.2

+0.6 yrs

Rent in ZIP 74055 in Owasso, OK has increased 25.8% since 2021, going from about $1,093 per month to roughly $1,375 today. Household income in the area moved from $79,189 to $87,506 across the same window, up 10.5% versus 2021. Rent outpaced income growth by roughly 15.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 47,504 to 51,381 between 2021 and 2024, a 8.2% change. Reading these numbers side by side helps frame whether current listings in ZIP 74055 in Owasso, OK look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 74055

Last updated: October 17, 2026

ZIP code 74055 covers Owasso, OK. The median rent here is $1,375/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,390/mo.

At 19% of local median household income ($87,506/yr), ZIP 74055 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 74055?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,375/mo in ZIP 74055. The local median household income is $87,506/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 74055?

Rent in ZIP 74055 has risen 2.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2016.

When is the cheapest time to rent in ZIP 74055?

Asking rents in ZIP 74055 are usually lowest in January, about 0.6% below their yearly trend, and highest in August, about 0.8% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 74055?

Yes. From 2019 to 2024, rent in ZIP 74055 rose 34.6% while median household income rose 13.7%, from $76,938 to $87,506. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 74055 compare to other ZIPs in Oklahoma?

ZIP 74055 is in the middle among Oklahoma ZIP codes for rent, ranking #44 of 99 at $1,375/mo. Over the year to September 2026, rent in ZIP 74055 changed +2.8%, against a typical +3.6% across the 87 Oklahoma ZIP codes Zillow tracks.