Real Estate Investing in Lawton, Oklahoma (73505)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73505 (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: 14.8% of homes vacant — above national norms.
What’s happening in Lawton, OK (73505)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 73505 Lawton
The 73505 ZIP covers a section of Lawton that demands careful diligence. Prices near $152K look accessible, but the work to make a deal cash flow is real.
The 73505 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 73505 and stronger Lawton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 47,822 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. resilient returns are possible in 73505, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lawton:
Property Strategy for 73505
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $63,531 | $1,020 | 11.6% | +11.1% | $31,765 |
| 3BR | $138,771 | $1,420 | 7.4% | +8.0% | $46,257 |
| 4BR | $244,744 | $1,710 | 5.0% | +6.6% | $61,186 |
| 5BR | $374,090 | — | — | +6.4% | $74,818 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73505 Compare?
| Metric | 73505 | Lawton | Lawton, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $152,386 | $116,313 | N/A | $214,563 |
| 5-Year CAGR | 6.0% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,104 | $1,113 | N/A | - |
| Cap Rate | 5.7% | 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 73505 (Lawton, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,386 |
| Monthly Rent | $1,104 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 73505
Population: 47,822
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 73505
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 strategy should investors use in Lawton, OK?
In Lawton, OK the solid play is typically careful cash-flow rentals with hands-on management. The combination of $152K prices and $1,104/mo rents suits that approach.
How expensive is real estate in Lawton, OK?
In Lawton, OK the median home value sits at $152K. Against the broader OK market, that reads as reasonable for most investors.
Is real estate in Lawton, OK a good investment right now?
Investors tracking Lawton, OK will find a 3.0/5 rating supported by $152K median home values and $1,104/mo rents. That profile suits long-term holders targeting predictable returns.
How tight is the rental market in Lawton, OK?
Lawton, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
How do landlord-tenant laws work in Lawton, OK?
Landlord-friendliness in Lawton, OK is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 73505 now. You don’t know where it ranks.
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How 73505 ranks in Lawton, OK
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