Lawton, Oklahoma Housing Market Prices
Lawton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% below the Oklahoma median$118,631
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Median rent 7% below the Oklahoma median$944
Housing Market Overview
| Metric | Lawton | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,631 | $133,462 | $248,835 |
| Price Trend (Annual %) | 8.1% | 5.4% | 7.5% |
| Median Gross Rent | $944 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawton is about 11% lower than in Oklahoma. Rent is about 7% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lawton, up about 8.1% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Lawton rose about 25.7% between 2015 and 2024, from $751 to $944. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Lawton.
Buying the median-priced home in Lawton costs roughly 10.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lawton. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Lawton | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,631 | $133,462 | $248,835 |
| Median Household Income | $53,759 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lawton rose about 66.7%, while median household income rose about 33.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lawton | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.5% | 57.9% | 58.5% |
| Rental Rate | 47.2% | 30.1% | 31.2% |
| Vacancy Rate | 16.3% | 12.0% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Lawton has a homeownership rate of 36.5%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 16.3%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Lawton | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1974 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Lawton was built around 1974. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lawton, Oklahoma.
What is the median home price in Lawton, Oklahoma?
The median home price in Lawton, Oklahoma is $118,631, lower than the Oklahoma average of $133,462.
What is the average home price in Lawton, Oklahoma?
The typical home price in Lawton, Oklahoma, reported as the median sale price, is $118,631. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lawton, Oklahoma?
The median gross rent in Lawton, Oklahoma is $944 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Lawton in 2020?
In 2020, the median gross rent in Lawton, Oklahoma was $787 per month.
What is the price-to-rent ratio in Lawton, Oklahoma?
The price-to-rent ratio in Lawton, Oklahoma is about 10.5, meaning it would take roughly 10.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lawton.
Are home prices or rent rising faster in Lawton, Oklahoma?
Both home prices and rent are rising in Lawton, up about 8.1% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawton, Oklahoma?
36.5% of households in Lawton, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Lawton, Oklahoma?
The housing vacancy rate in Lawton, Oklahoma is 16.3%, higher than the Oklahoma average of 12.0%.
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