Lawton Home Prices: $170K, Up 3.7% — 4 ZIPs Analyzed (2026)
$169,806. That’s what a typical home costs in Lawton, Oklahoma — still well under the national average and one of the more affordable metros in the state. But prices aren’t standing still. They’re up 3.7% from a year ago, and the upward trend has held for nine straight months.
Quick answer: The average home price in Lawton, OK is $169,806 as of February 2026, up 3.7% year over year according to Zillow.
Current Home Prices in Lawton
Here’s where things stand as of February 2026:
| Metric | Value |
|---|---|
| Median Home Price | $169,806 |
| Year-over-Year Change | +3.7% |
| Lowest ZIP | $119,458 (73501) |
| Highest ZIP | $280,121 (73557) |
| Number of ZIPs Tracked | 4 |
The $160K spread between the cheapest and most expensive ZIP codes tells you that Lawton isn’t one market — it’s several. You can find entry-level homes under $120K in one part of town and $280K properties in another.
That 3.7% annual gain is modest by national standards but meaningful for a market at this price point. On a $170K home, that’s roughly $6,000 in equity gained over the past year. Not life-changing, but not nothing either.
The month-over-month movement has been consistently positive since mid-2025, when prices bottomed near $162,000. Since then, values have added about $7,700 — a slow and steady climb rather than a spike.
Lawton Home Prices by Neighborhood
All four tracked ZIP codes in Lawton show significant price variation:
| ZIP Code | Median Home Price | Rent (ZORI) |
|---|---|---|
| 73557 | $280,121 | N/A |
| 73505 | $149,132 | $1,068/mo |
| 73507 | $130,511 | $997/mo |
| 73501 | $119,458 | $1,227/mo |
Most Expensive
73557 — $280,121. This ZIP sits 65% above the city median. No rent data is tracked here, suggesting it’s primarily owner-occupied. At nearly double the next closest ZIP, it’s a clear outlier in the Lawton market.
Most Affordable
73501 — $119,458. The cheapest ZIP in Lawton at 30% below the city median. Interestingly, it carries the highest rent in the city at $1,227/month — a gap that makes buying look especially attractive here.
73507 — $130,511. About 23% below the median with the lowest tracked rent at $997/month. This ZIP offers the best combination of low purchase price and low monthly housing costs.
73505 — $149,132. Closer to the city median at 12% below, with rent at $1,068/month. A middle-ground option.
Rent vs Buy in Lawton
Rents are tracked in three of Lawton’s four ZIP codes. Here’s how the numbers break down:
| ZIP Code | Monthly Rent (ZORI) | Home Price | Est. Mortgage Payment* |
|---|---|---|---|
| 73501 | $1,227 | $119,458 | ~$780 |
| 73505 | $1,068 | $149,132 | ~$975 |
| 73507 | $997 | $130,511 | ~$855 |
*Estimated principal and interest on a 30-year fixed mortgage at 7%, 20% down. Does not include taxes, insurance, or maintenance.
The math leans toward buying in all three ZIPs. The starkest gap is in 73501, where rent runs $1,227 but a mortgage payment on the median home would be around $780 — a $447 monthly difference. Even after adding property taxes and insurance, buying likely costs less.
ZIP 73507 is the closest to break-even. Rent at $997 versus an estimated mortgage of $855 leaves a smaller gap, and once you factor in maintenance and taxes, the monthly costs are similar.
For renters on the fence, Lawton’s low price points mean smaller down payments. Twenty percent down on a $130K home is $26,000 — achievable for many households.
Population Growth and Migration
Lawton is slowly losing residents. The city’s population dipped from 90,374 in 2020 to 90,027 in 2024 — a decline of 0.4% over four years.
| Year | Population |
|---|---|
| 2020 | 90,374 |
| 2021 | 91,156 |
| 2022 | 90,966 |
| 2023 | 90,451 |
| 2024 | 90,027 |
The peak was 2021 at 91,156. Since then, the city has shed about 1,100 residents. The decline is gentle — not a collapse — but it stands in contrast to other Oklahoma cities that are growing:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Broken Arrow | 122,756 | +7.7% |
| Edmond | 99,040 | +4.5% |
| Oklahoma City | 712,919 | +4.4% |
| Stillwater | 50,138 | +3.6% |
| Norman | 131,010 | +2.2% |
| Lawton | 90,027 | -0.4% |
Every comparable Oklahoma city is gaining people while Lawton shrinks. Fort Sill, the Army post adjacent to Lawton, heavily influences local population swings. Military reassignments can shift hundreds of households in a single year.
For housing, flat-to-declining population means less demand pressure. That helps explain why prices remain affordable — but it also means you shouldn’t expect rapid appreciation.
Lawton Housing Market Trends
Month-by-month data from the past year shows a clear bottom and recovery:
| Month | Avg Home Value | Lowest ZIP | Highest ZIP |
|---|---|---|---|
| Feb 2026 | $169,806 | $119,458 | $280,121 |
| Jan 2026 | $168,883 | $118,326 | $280,173 |
| Dec 2025 | $167,885 | $116,980 | $280,213 |
| Nov 2025 | $166,660 | $115,413 | $279,360 |
| Oct 2025 | $165,346 | $113,866 | $277,516 |
| Sep 2025 | $164,070 | $112,486 | $275,658 |
| Aug 2025 | $163,124 | $111,577 | $274,518 |
| Jul 2025 | $162,375 | $111,271 | $273,191 |
| Jun 2025 | $162,072 | $111,220 | $272,431 |
| May 2025 | $162,424 | $111,563 | $272,813 |
| Apr 2025 | $163,091 | $111,997 | $273,893 |
| Mar 2025 | $163,787 | $112,592 | $274,442 |
Prices hit their 12-month low in June 2025 at $162,072, then climbed every single month through February 2026. That’s eight consecutive months of gains totaling $7,734.
The cheapest ZIP followed the same pattern, bottoming at $111,220 in June before rising to $119,458. That’s a 7.4% gain in eight months — faster than the citywide average.
Meanwhile, the most expensive ZIP barely moved. It went from $272,431 to $280,121 over the same stretch, a 2.8% gain. The affordable end of the market is appreciating faster than the high end.
Is Lawton a Good Place to Buy in 2026?
The data points to a mild seller’s market. Prices are rising, but slowly — 3.7% annually won’t price out many buyers. The real advantage for buyers is the absolute price level. At $170K, Lawton remains one of the cheapest metros in Oklahoma.
Consider the math. A 20% down payment on the median home is about $34,000. Monthly mortgage payments land near $1,110 including estimated taxes and insurance. That’s affordable on a single income in most cases.
The risk? Population decline. Lawton is losing residents while the rest of Oklahoma grows. If that trend accelerates, home values could stagnate. But the current pace — losing 350 people per year in a city of 90,000 — isn’t alarming.
For military families connected to Fort Sill, buying makes sense if you’re staying more than three years. For investors, the rent-to-price ratios are favorable, especially in 73501 where rents outpace mortgage costs by a wide margin.
Lawton Housing Market Outlook for 2026-2027
The trend data suggests continued modest appreciation through 2026. Prices have risen every month since June 2025, gaining about $950 per month on average. If that pace continues, the median could reach $175,000–$178,000 by year’s end.
The three-month trend from December 2025 to February 2026 shows acceleration. Monthly gains went from about $1,000 to $1,200 over that stretch. The momentum is building, not fading.
There’s no sign of overheating. A 3.7% annual gain in a sub-$200K market isn’t a bubble — it’s steady recovery. Barring a major economic disruption or significant changes at Fort Sill, expect Lawton to keep grinding upward at a similar pace into 2027.
Similar Markets in OK
If you’re shopping in Oklahoma, these cities offer useful comparisons:
- Broken Arrow — A fast-growing Tulsa suburb with 7.7% population gains. Expect higher prices but stronger appreciation potential.
- Oklahoma City — The state capital has far more inventory and a metro population 8x Lawton’s size.
- Norman — Home to OU, Norman offers a college-town market with steady rental demand.
- Edmond — One of Oklahoma’s fastest-growing suburbs, popular with families seeking strong schools.
- Tulsa — Oklahoma’s second-largest city with a larger job market and more diverse neighborhoods.
Frequently Asked Questions
What is the average home price in Lawton?
The average home price in Lawton is $169,806 as of February 2026. Prices range from $119,458 in ZIP code 73501 to $280,121 in ZIP code 73557. The citywide median has risen 3.7% over the past year.
Are home prices going up or down in Lawton?
Prices are going up. Lawton home values have increased every month since June 2025, when they bottomed at $162,072. The year-over-year gain is 3.7%, adding roughly $6,000 to the typical home’s value.
Is it cheaper to rent or buy in Lawton?
Buying is generally cheaper. In ZIP 73501, rent averages $1,227/month while a mortgage on the median home runs about $780 in principal and interest. Even in ZIP 73507, where rent is lowest at $997, buying costs less on a pure monthly payment basis. Factor in maintenance and taxes, and the gap narrows — but buying still wins in most scenarios.
What is the most affordable neighborhood in Lawton?
ZIP code 73501 is the most affordable at $119,458, roughly 30% below the city median of $169,806. Despite having the lowest home prices, this ZIP carries the highest rents at $1,227/month, making it particularly attractive for buyers looking at investment properties.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.