Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lawton, Oklahoma.
Median Home Price
$155K
Population
90K
Avg Monthly Rent
$850
Property Tax Rate
0.88% *
* Property tax shown is the Oklahoma state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Lawton.
Lawton vs Oklahoma Median
The median home price in Lawton is $155,000, which is 26% below the Oklahoma state median of $210,000.
Mortgage Calculator — Lawton, OK
Pre-filled with Lawton median home price and Oklahoma tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Oklahoma's 0.88% tax rate and $3,600/yr insurance.
5% Down
$1,430/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $114
Insurance: $300
PMI: $86
10% Down
$1,377/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $114
Insurance: $300
PMI: $81
20% Down (No PMI)
$1,197/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $114
Insurance: $300
Income needed (28% rule): $51K/year with 20% down, $59K/year with 10% down.
Rent vs Buy in Lawton
Rent
$850/mo
vs
Buy (10% down)
$1,377/mo
Price-to-rent ratio: 15.2 — A ratio between 15-20 means the rent vs buy decision in Lawton depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Lawton is $155,000, 26% below the Oklahoma state median of $210,000. With a population of 90,413, Lawton is a smaller market where home prices tend to be more accessible than in many parts of Oklahoma.
Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $155,000 home in Lawton would carry roughly $114/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Lawton is $850/month. The price-to-rent ratio in Lawton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lawton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lawton.