Real Estate Investing in Lawton, Oklahoma (73507)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 73507 (Lawton, OK)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.5% of homes vacant — above national norms.
What’s happening in Lawton, OK (73507)?
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Market Analysis: 73507 Lawton
Not every below-median market is a bargain. Lawton's 73507 ZIP sits at signals that favor experienced operators who can absorb the risk $138K pricing implies.
Rent of $1,001/mo on a $138K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 73507 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 73507 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.
The 73507 ZIP's population of 21,500 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at Lawton's stable or hybrid ZIPs before stepping into 73507. 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 73507
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $58,548 | $770 | 9.5% | — | $58,548 |
| 2BR | $62,643 | $980 | 11.3% | +10.7% | $31,321 |
| 3BR | $128,673 | $1,360 | 7.6% | +6.1% | $42,891 |
| 4BR | $285,806 | $1,640 | 4.1% | +5.6% | $71,452 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 73507 Compare?
| Metric | 73507 | Lawton | Lawton, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $137,940 | $116,313 | N/A | $214,563 |
| 5-Year CAGR | 4.4% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,001 | $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 73507 (Lawton, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,940 |
| Monthly Rent | $1,001 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | +16.8% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 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 73507
Population: 21,500
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 73507
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
Is real estate in Lawton, OK a good investment right now?
Lawton, OK rates 3.0/5 for investability. With median values at $138K and rents near $1,001/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Lawton, OK?
Tenant demand in Lawton, OK is solid. The local workforce $1,001/mo rents across most rental classes.
What kind of vacancy should I budget for in Lawton, OK?
Occupancy in Lawton, OK runs stable with elevated vacancy. Well-priced units at $1,001/mo lease on reasonable timelines.
Are landlord laws favorable in Lawton, OK?
Lawton, OK operates under OK law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Are rents high in Lawton, OK?
Rents in Lawton, OK run near $1,001/mo. Compared with median home prices of $138K that produces solid gross yields for typical rentals.
You know 73507 now. You don’t know where it ranks.
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How 73507 ranks in Lawton, OK
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