Lawton, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawton, OK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lawton Housing Market Information

With a population of 96,655, 33,255 total housing units (homes and apartments), and a median house value of $95,868, the cost of homes in Lawton is among some of the lowest in the nation. Compared to Oklahoma, however, Lawton real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Lawton, accounting for 67.76% of the city's housing units. Other types of housing that are prevalent in Lawton include large apartment complexes or high rise apartments ( 18.17%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few row houses and other attached homes ( 4.09%).

The most prevalent building size and type in Lawton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.40% owning and 56.60% renting.

There is a lot of housing in Lawton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawton built between 1940-1969 ( 38.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.93%). There's also some housing in Lawton built before 1939 ( 5.15%).

Vacant housing appears to be an issue in Lawton. Fully 16.86% 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

Real estate appreciation rates in Lawton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

Appreciation rates are so strong in Lawton that despite a nationwide downturn in the housing market, Lawton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawton appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 72.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawton. Lawton appreciation rates in the latest quarter were at 0.89%, which equates to an annual appreciation rate of 3.59%.

Relative to Oklahoma, our data show that Lawton's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Lawton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,868

Lawton, OK HOME PRICES

Value Range
> $971,000 0.5
$728,001 - $971,000 0.4
$485,001 - $728,000 0.3
$388,001 - $485,000 0.5
$291,001 - $388,000 2.2
$194,001 - $291,000 7.5
$97,001 - $194,000 37.0
$49,001 - $97,000 34.8
$0 - $49,000 16.8

Average for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
80.2824329075355 52.5679758308157

Number Of Homes And Apartments:
33,255

Lawton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.28% 1.36% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$937 / per month

Homeownership Rate

Homeownership
Owners 43.40
Renters 56.60
Vacant 16.86

Housing Market Details

 

Age of Homes

AGE OF Lawton HOMES
2000 or Newer 13.9
1970 - 1999 42.1
1940 - 1969 38.8
1939 or Older 5.2

Types of Homes

TYPE OF Lawton HOMES
Single-Family 67.8
Townhomes 4.1
Small Apt. Buildings 7.2
Apt. Complexes 18.2
Mobile Homes 2.6
Other 0.1

Home Size

SIZE OF Lawton HOMES
No Bedroom 2.20
1 Bedroom 10.34
2 Bedrooms 25.31
3 Bedrooms 48.33
4 Bedrooms 12.90
5 or more bedrooms 0.91