Lawton, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawton, OK Real Estate Data


Lawton Housing Market Information

With 96,655 people, 34,320 houses or apartments, and a median cost of homes of $110,592, house prices in Lawton are solidly below the national average.

Single-family detached homes are the single most common housing type in Lawton, accounting for 67.97% of the city's housing units. Other types of housing that are prevalent in Lawton include large apartment complexes or high rise apartments ( 17.76%), duplexes, homes converted to apartments or other small apartment buildings ( 7.42%), and a few row houses and other attached homes ( 4.12%).

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 44.92% owning and 55.08% 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 ( 38.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.11%). There's also some housing in Lawton built before 1939 ( 5.73%).

Vacant housing appears to be an issue in Lawton. Fully 14.39% 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 -0.45% during the period.

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 3.35%, 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 -0.03%, which equates to an annual appreciation rate of -0.11%.

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 lower 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:
$110,592

Lawton, OK HOME PRICES

Value Range
> $1,031,000 0.5
$773,001 - $1,031,000 0.3
$515,001 - $773,000 0.4
$412,001 - $515,000 0.4
$309,001 - $412,000 1.8
$206,001 - $309,000 8.0
$103,001 - $206,000 36.3
$51,001 - $103,000 35.3
$0 - $51,000 17.1

High for OK
Low for Nation

Value Relative to Nation Value Relative to State
72.0208467529426 35.0453172205438

Number Of Homes And Apartments:
34,320

Rent & Ownership

 

Average Market Rent:
$970 / per month

Homeownership Rate

Homeownership
Owners 44.92
Renters 55.08
Vacant 14.39

Housing Market Details

 

Age of Homes

AGE OF Lawton HOMES
2000 or Newer 13.1
1970 - 1999 42.9
1940 - 1969 38.2
1939 or Older 5.7

Types of Homes

TYPE OF Lawton HOMES
Single-Family 68.0
Townhomes 4.1
Small Apt. Buildings 7.4
Apt. Complexes 17.8
Mobile Homes 2.5
Other 0.2

Home Size

SIZE OF Lawton HOMES
No Bedroom 1.34
1 Bedroom 11.66
2 Bedrooms 24.82
3 Bedrooms 48.76
4 Bedrooms 12.44
5 or more bedrooms 0.98

Lawton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.46% 1.39% 1 3
* 10 is highest