Lawton, OK—73505
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawton, OK
As of Oct '25, the median home price in Lawton, OK is $145,000, with a year-over-year change of 3.2%. This indicates that home prices in Lawton, OK are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | 3.2% |
| Single Family | $146,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $64,000 | -5.9% |
3 Bed | $139,000 | 3.7% |
4 Bed | $245,000 | 5.6% |
| 5 Bed | $374,000 | 5.1% |
% of Housing Stock
Rental Trends — Lawton, OK
As of July '25, Rentcast reports the average rent in Lawton, OK is $1,170, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Lawton, OK is studios: $1,070, 1-bedrooms: $594, 2-bedrooms: $812, 3-bedrooms: $1,280, 4-bedrooms: $1,840. The most common rental property sizes in Lawton, OK are 3-bedroom and 2-bedroom, accounting for 42.0% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,170 |
| Studio Rent | $949 | $1,070 |
| 1 Bed Rent | $575 | $594 |
| 2 Bed Rent | $795 | $812 |
| 3 Bed Rent | $1,200 | $1,280 |
| 4 Bed Rent | $1,800 | $1,840 |
% of Rental Stock
Property Listings — Lawton, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawton, OK is 59. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | 6.0% |
Listing Count | 294 | -7.0% |
| Listings as % of Homes | 1.1% | -7.0% |
Days on Market | 59 | 5.0% |
Demographics — Lawton, OK
As of the latest ACS Survey released in 2023, Lawton, OK has a population of 47,800, which has decreased by -1.8% over the past 5 years. Lawton, OK is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,800 | -1.8% |
% Under 18 | 24.2% | -2.0% |
% Seniors | 13.7% | 11.4% |
% WFH | 4.6% | 76.9% |
% w/ College Degree | 24.8% | 5.1% |
As of the latest ACS Survey released in 2023, Lawton, OK is a predominantly white area, with 49.7% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Lawton, OK is black, making up 18.1% of the population. Foreign-born residents account for 6.4% of the population in Lawton, OK, and this percentage has increased by 3.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.7% | 0.8% |
% Black | 18.1% | -17.0% |
% Hispanic | 15.6% | 13.9% |
% Asian | 3.2% | -8.6% |
% Foreign Born | 6.4% | 3.2% |
Mortgage and Risk — Lawton, OK
According to HUD data as of 2023, there were 873 mortgage originations in Lawton, OK, of which 41.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Lawton, OK. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 873 |
% Conventional Loans | 41.0% |
% Government Loans | 59.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lawton, OK
As of 2024, the percent of homes in Lawton, OK under the Section 8 program is 5.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lawton, OK, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 484 |
Total Units Section 8 | 483 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $575 | $740 |
| 2 Bedroom | $155 | $795 | $950 |
| 3 Bedroom | $130 | $1,200 | $1,330 |
| 4 Bedroom | -$200 | $1,800 | $1,600 |
Affordability — Lawton, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $145,000 |
| Median Household Income | $57,500 |