Lawton, OK Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lawton, OK Housing Market Trends

With 93,025 people, 32,984 houses or apartments, and a median cost of homes of $122,202, house prices in Lawton are solidly below the national average.

Single-family detached homes are the single most common housing type in Lawton, accounting for 68.58% of the city's housing units. Other types of housing that are prevalent in Lawton include large apartment complexes or high rise apartments ( 17.57%), duplexes, homes converted to apartments or other small apartment buildings ( 8.15%), and a few row houses and other attached homes ( 3.30%).

The most prevalent building size and type in Lawton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.50% owning and 59.50% renting.

There is a lot of housing in Lawton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawton built between 1940-1969 ( 37.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.16%). There's also some housing in Lawton built before 1939 ( 4.74%).

Vacant housing appears to be an issue in Lawton. Fully 17.96% of the housing stock is classified as vacant. Left unchecked, vacant Lawton homes and apartments can be a drag on the real estate market, holding Lawton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lawton Home Appreciation Rates

Homes have actually lost value in Lawton over the last then years, as home values have seen a decline of 4.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lawton home appreciation rates at 4.24%, which equates to an annual appreciation rate of 18.08%.

Over the last year, Lawton appreciation rates have trailed the rest of the nation. In the last twelve months, Lawton's appreciation rate has been 3.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lawton were at 4.24%, which equates to an annual appreciation rate of 18.08%.

Importantly, NeighborhoodScout’s exclusive research found that Lawton's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Oklahoma, our data show that Lawton's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lawton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lawton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$122,202

Lawton, OK HOME PRICES

> $1,091,000
0.2%
0.2%
$818,001 - $1,091,000
0.3%
0.3%
$546,001 - $818,000
0.8%
0.8%
$436,001 - $546,000
0.9%
0.9%
$327,001 - $436,000
3.2%
3.2%
$218,001 - $327,000
7.9%
7.9%
$109,001 - $218,000
37.9%
37.9%
$54,001 - $109,000
35.5%
35.5%
$0 - $54,000
13.3%
13.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for OK

Value Relative To Nation

Number Of Homes And Apartments:
32,984

Lawton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
34.99% 1.42%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$932 / per month

Homeownership Rate

Owners
40.5%
40.5%
Renters
59.5%
59.5%
Vacant
18.0%
18.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.2%
14.2%
1970 - 1999
43.5%
43.5%
1940 - 1969
37.6%
37.6%
1939 or Older
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
3.3%
3.3%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
17.6%
17.6%
Mobile Homes
2.3%
2.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.6%
5.6%
1 Bedroom
7.7%
7.7%
2 Bedrooms
22.3%
22.3%
3 Bedrooms
50.6%
50.6%
4 Bedrooms
12.9%
12.9%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES