Lawton, OK—73501
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 $113,000, with a year-over-year change of 3.1%. This indicates that home prices in Lawton, OK are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $113,000 | 3.2% |
| Single Family | $113,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $43,000 | 0.0% |
2 Bed | $49,000 | -3.9% |
3 Bed | $129,000 | 4.9% |
4 Bed | $189,000 | 4.4% |
| 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 $1,150, with a year-over-year rent change of 19.8%. Per bedroom, the median rent as of July '25 in Lawton, OK is studios: $425, 1-bedrooms: $866, 2-bedrooms: $1,190, 3-bedrooms: $1,380, 4-bedrooms: $1,460. The most common rental property sizes in Lawton, OK are 3-bedroom and 2-bedroom, accounting for 33.7% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,150 |
| Studio Rent | $425 | $425 |
| 1 Bed Rent | $959 | $866 |
| 2 Bed Rent | $1,100 | $1,190 |
| 3 Bed Rent | $1,350 | $1,380 |
| 4 Bed Rent | $1,300 | $1,460 |
% 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 52. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter 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 | $139,000 | -3.0% |
Listing Count | 69 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 52 | -31.0% |
Demographics — Lawton, OK
As of the latest ACS Survey released in 2023, Lawton, OK has a population of 20,200, which has decreased by -1.9% over the past 5 years. Lawton, OK is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | -1.9% |
% Under 18 | 18.9% | -10.4% |
% Seniors | 15.7% | 18.9% |
% WFH | 5.5% | 12.2% |
% w/ College Degree | 16.0% | 11.1% |
As of the latest ACS Survey released in 2023, Lawton, OK is a predominantly white area, with 45.4% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Lawton, OK is black, making up 21.2% of the population. Foreign-born residents account for 6.0% of the population in Lawton, OK, and this percentage has increased by 1.7% 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 | 45.4% | -11.8% |
% Black | 21.2% | -1.9% |
% Hispanic | 13.8% | -1.4% |
% Asian | 2.8% | 133.3% |
% Foreign Born | 6.0% | 1.7% |
Mortgage and Risk — Lawton, OK
According to HUD data as of 2023, there were 160 mortgage originations in Lawton, OK, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 53.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 9.0% |
% 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 7.3%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lawton, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 657 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$249 | $959 | $710 |
| 2 Bedroom | -$190 | $1,100 | $910 |
| 3 Bedroom | -$70 | $1,350 | $1,280 |
| 4 Bedroom | $230 | $1,300 | $1,530 |
Affordability — Lawton, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $113,000 |
| Median Household Income | $49,100 |