Lawton appreciation rates and housing market information

Lawton housing market information

With 93,030 people, 36,427 houses or apartments, and a median cost of homes of $119,311, Lawton real estate is some of the most expensive in Oklahoma, although Lawton home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lawton, accounting for 71.03% of the city's housing units. Other types of housing that are prevalent in Lawton include large apartment complexes or high rise apartments (12.77%), duplexes, homes converted to apartments, or other small apartment buildings (7.79%), row houses and other attached homes (5.22%), and a few mobile homes or trailers (3.06%).

The most prevalent building size and type in Lawton are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 47.73% owning, and 39.49% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lawton's housing was primarily built during this period, from the '40s through the '60s. A full 46.86% of the city's housing hails from this era. Other housing ages represented in Lawton include homes built between 1970-1994 (43.22%), and housing constructed from 1939 and earlier (5.98%). There's also some housing in Lawton built between 1995 and later (3.94%).

Vacant housing appears to be an issue in Lawton. Fully 12.78% 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

Lawton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lawton during the period has been just 4.86%, which is lower than % of US communities.

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 -0.54%, 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 -0.78%, which equates to an annual appreciation rate of -3.12%.

Notably, Lawton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oklahoma, our data show that Lawton's latest annual appreciation rate is higher than 1% 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 1990, to assist you in making the best Lawton real estate investment or home purchase decisions.