Department of Numbers

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Lawton, Oklahoma Home Affordability

The data below measures home affordability for the Lawton, Oklahoma metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Lawton home affordability to other cities.

Lawton, Oklahoma Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Lawton HPI series. Median household income data for Lawton is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawton, Oklahoma Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 108.4
September 2013 110.8
June 2013 106.9
March 2013 111.2
December 2012 109.6
September 2012 112.0
June 2012 107.4
March 2012 111.2

Lawton, Oklahoma Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Lawton median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawton, Oklahoma Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 88.4
September 2013 90.3
June 2013 87.2
March 2013 90.6
December 2012 89.4
September 2012 91.3
June 2012 87.6
March 2012 90.6

Lawton, Oklahoma Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Lawton, Oklahoma and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Lawton, Oklahoma Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $226,695
January 2014 $223,238
December 2013 $222,451
November 2013 $227,775
October 2013 $229,683
September 2013 $221,669
August 2013 $222,451
July 2013 $224,823
June 2013 $233,010
May 2013 $248,592
April 2013 $251,390
March 2013 $247,670
February 2013 $248,901

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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