Lawton Oklahoma Residential Rent and Rental Statistics
The median monthly gross residential rent in Lawton, OK (the Lawton metro area) was $812 in 2019 according to the Census ACS survey.1 Average gross rent in Lawton was $820 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Lawton median and average rent data will be released in September of 2021.
Data is also available below for Lawton rental vacancy rates, Lawton rent as a percent of median income and the fraction of renters in Lawton.
Real Gross Rent in Lawton Oklahoma (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oklahoma Median Gross Rent | $814 | -1.09% | +4.49% |
| Lawton, OK Median Gross Rent | $812 | -0.73% | +2.27% |
Lawton, OK Real Gross Rent Trends
Median gross rent for Lawton peaked in real terms in 2014 at $846 and is now $34 (4.02%) lower. Average gross rent for Lawton peaked in real terms in 2016 at $861 and is now $41 (4.76%) lower.
Real Gross Rent in Lawton: Lawton OK Median, Lawton OK Average, Oklahoma Median, US Median
Real Gross Rent History for Lawton
| Date | US Median |
Oklahoma Median |
Lawton, OK Median |
Lawton, OK Average |
|---|---|---|---|---|
| 2019 | $1,097 | $814 | $812 | $820 |
| 2018 | $1,077 | $823 | $818 | $810 |
| 2017 | $1,043 | $804 | $810 | $829 |
| 2016 | $1,027 | $779 | $794 | $861 |
| 2015 | $1,017 | $805 | $813 | $782 |
| 2014 | $986 | $778 | $846 | $834 |
| 2013 | $953 | $742 | $810 | $805 |
| 2012 | $940 | $730 | $807 | $796 |
| 2011 | $941 | $729 | $831 | $818 |
| 2010 | $955 | $736 | $741 | $734 |
| 2009 | $960 | $725 | $765 | $694 |
| 2007 | $927 | $691 | $719 | $718 |
| 2005 | $910 | $684 | $705 | $674 |
Lawton Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Lawton Oklahoma was 3.17% according to Census ACS data.
Rental Vacancy Rate in Lawton Oklahoma
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oklahoma | 8.00% | -0.47% | -0.08% |
| Lawton, OK | 3.17% | -8.94% | -8.72% |
Trends in Lawton, OK Rental Vacancy Rate
The rental vacancy rate in Lawton peaked in 2012 at 17.44%. Since then it has fallen by 14.27% to 3.17%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lawton OK, Oklahoma, US
Historical Rental Vacancy Rate data for Lawton
| Date | US | Oklahoma | Lawton, OK |
|---|---|---|---|
| 2019 | 5.97% | 8.00% | 3.17% |
| 2018 | 6.15% | 8.47% | 12.11% |
| 2017 | 6.18% | 8.57% | 8.72% |
| 2016 | 5.89% | 8.08% | 11.89% |
| 2015 | 5.85% | 7.76% | 12.61% |
| 2014 | 6.32% | 8.12% | 14.84% |
| 2013 | 6.49% | 8.19% | 12.67% |
| 2012 | 6.77% | 8.16% | 17.44% |
| 2011 | 7.40% | 8.52% | — |
| 2010 | 8.17% | 8.52% | — |
| 2009 | 8.43% | 8.41% | 10.52% |
| 2007 | 7.87% | 9.33% | 9.98% |
| 2005 | 7.74% | 9.97% | — |
Rent as a Fraction of Income
Using median household income data for Lawton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lawton, median monthly gross rent as a fraction of median household income was 18.98% in 2019 according to the ACS.
Lawton Oklahoma Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oklahoma | 17.94% | -0.73% | -0.22% |
| Lawton, OK | 18.98% | +0.46% | +1.14% |
Trends in Lawton, OK Rent as a Fraction of Income
The fraction of median Lawton household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.07%. Since then it has fallen by 3.09% to 18.98%.
Fraction of Income towards Rent: Lawton OK, Oklahoma, US
Historical Data for Annual Rent as a Fraction of Income in Lawton Oklahoma
| Date | US | Oklahoma | Lawton, OK |
|---|---|---|---|
| 2019 | 20.03% | 17.94% | 18.98% |
| 2018 | 20.50% | 18.67% | 18.52% |
| 2017 | 20.13% | 18.70% | 18.60% |
| 2016 | 20.43% | 18.16% | 17.84% |
| 2015 | 20.63% | 18.75% | 19.30% |
| 2014 | 20.89% | 18.61% | 20.20% |
| 2013 | 20.78% | 18.52% | 22.07% |
| 2012 | 20.65% | 18.58% | 20.30% |
| 2011 | 20.70% | 18.74% | 20.70% |
| 2010 | 20.50% | 18.80% | 18.16% |
| 2009 | 20.12% | 18.32% | 16.82% |
| 2007 | 18.66% | 16.98% | 16.81% |
| 2005 | 18.89% | 17.71% | 16.97% |
Renter Fraction in Lawton Oklahoma
You can calculate the renter fraction in Lawton in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lawton as a fraction of total Lawton households. In 2019 46.73% of households were renters according to Census ACS data.
Lawton Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oklahoma | 34.46% | -0.10% | -0.64% |
| Lawton, OK | 46.73% | +3.20% | -0.46% |
Trends in the Lawton, OK Renter Fraction
The Lawton household renter fraction peaked in in 2016 at 47.19% and is now 0.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lawton OK, Oklahoma, US
History of Lawton Renter Fraction
| Date | US | Oklahoma | Lawton, OK |
|---|---|---|---|
| 2019 | 35.89% | 34.46% | 46.73% |
| 2018 | 36.05% | 34.56% | 43.53% |
| 2017 | 36.13% | 34.54% | 45.14% |
| 2016 | 36.88% | 35.10% | 47.19% |
| 2015 | 36.97% | 34.66% | 46.47% |
| 2014 | 36.90% | 34.86% | 43.38% |
| 2013 | 36.50% | 34.46% | 46.73% |
| 2012 | 36.09% | 33.62% | 41.83% |
| 2011 | 35.42% | 32.97% | 43.34% |
| 2010 | 34.65% | 32.21% | 43.92% |
| 2009 | 34.13% | 32.81% | 40.67% |
| 2007 | 32.80% | 31.77% | 38.19% |
| 2005 | 33.10% | 32.13% | 41.26% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
