Real Estate Investing in Lawton, Oklahoma (73501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73501 (Lawton, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.0% of homes vacant — above national norms.
What’s happening in Lawton, OK (73501)?
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Market Analysis: 73501 Lawton
The 73501 ZIP covers a section of Lawton that demands careful diligence. Prices near $124K look accessible, but the work to make a deal cash flow is real.
The investment case in 73501 is resilient only for operators who understand what they are buying. A $124K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On balance, 73501 offers a low basis, the region around Lawton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 73501 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Lawton's stable or hybrid ZIPs before stepping into 73501. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lawton:
Property Strategy for 73501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $42,924 | $740 | 12.4% | +9.2% | $42,924 |
| 2BR | $48,570 | $940 | 13.9% | +9.7% | $24,285 |
| 3BR | $129,301 | $1,310 | 7.3% | +7.0% | $43,100 |
| 4BR | $188,851 | $1,580 | 6.0% | +5.4% | $47,213 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73501 Compare?
| Metric | 73501 | Lawton | Lawton, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $124,264 | $116,313 | N/A | $214,563 |
| 5-Year CAGR | 5.7% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,140 | $1,113 | N/A | - |
| Cap Rate | 7.2% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 73501 (Lawton, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $124,264 |
| Monthly Rent | $1,140 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.2% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73501
Population: 20,215
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 73501
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,239 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Lawton, OK?
Most investors in Lawton, OK run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Lawton, OK good for landlords?
OK law landlord-friendly for landlords, and Lawton inherits those rules. Investors should still review local ordinances for rental licensing.
How much does a house cost in Lawton, OK?
Typical homes in Lawton, OK go for around $124K. The 5-year CAGR of 0.0% predictable price movement.
Is real estate in Lawton, OK a good investment right now?
With a 3.0/5 investability score, Lawton, OK ranks as a solid market for rental property investors. Median prices of $124K and rents of $1,140/mo drive the underlying numbers.
How strong is the working-renter base in Lawton, OK?
Expect a solid tenant pool in Lawton, OK. The rental market absorbs $1,140/mo rents without meaningful friction.
You know 73501 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 73501 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 73501 ranks in Lawton, OK
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