Lawton, OK—73507
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 $125,000, with a year-over-year change of 1.8%. This indicates that home prices in Lawton, OK are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | 1.8% |
| Single Family | $125,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $59,000 | 7.3% |
2 Bed | $63,000 | 0.0% |
3 Bed | $129,000 | 3.2% |
4 Bed | $286,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawton, OK
As of July '25, Rentcast reports the average rent in Lawton, OK is $987, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Lawton, OK is 1-bedrooms: $569, 2-bedrooms: $846, 3-bedrooms: $1,210, 4-bedrooms: $1,560. The most common rental property sizes in Lawton, OK are 2-bedroom and 3-bedroom, accounting for 40.0% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $987 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $569 |
| 2 Bed Rent | $795 | $846 |
| 3 Bed Rent | $1,100 | $1,210 |
| 4 Bed Rent | $1,700 | $1,560 |
% 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 58. This is a increase of 19.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $164,000 | 15.0% |
Listing Count | 163 | 11.0% |
| Listings as % of Homes | 1.1% | 11.0% |
Days on Market | 58 | 19.0% |
Demographics — Lawton, OK
As of the latest ACS Survey released in 2023, Lawton, OK has a population of 21,500, which has decreased by -4.4% over the past 5 years. Lawton, OK is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | -4.4% |
% Under 18 | 22.0% | -7.6% |
% Seniors | 14.4% | 9.9% |
% WFH | 4.8% | 84.6% |
% w/ College Degree | 26.5% | 2.7% |
As of the latest ACS Survey released in 2023, Lawton, OK is a predominantly white area, with 56.2% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Lawton, OK is black, making up 15.7% of the population. Foreign-born residents account for 5.5% of the population in Lawton, OK, and this percentage has decreased by 1.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.2% | -8.2% |
% Black | 15.7% | 15.4% |
% Hispanic | 13.9% | 25.2% |
% Asian | 1.7% | -19.0% |
% Foreign Born | 5.5% | -1.8% |
Mortgage and Risk — Lawton, OK
According to HUD data as of 2023, there were 364 mortgage originations in Lawton, OK, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Lawton, OK. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 364 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
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 | 192 |
Total Units Section 8 | 192 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $595 | $750 |
| 2 Bedroom | $165 | $795 | $960 |
| 3 Bedroom | $250 | $1,100 | $1,350 |
| 4 Bedroom | -$90 | $1,700 | $1,610 |
Affordability — Lawton, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $125,000 |
| Median Household Income | $61,100 |