Updated 2026 · Based on median market data for Lawton, OK
Lawton sits in the South with a population of 50,000 growing at 0.9% annually. The median home costs $150,000 while rents average $1,110/mo, producing an estimated cap rate of 6.68%. This puts Lawton in the upper tier of investable US markets.
Lawton is ideal for cash flow investors, BRRRR practitioners, and anyone building a portfolio of affordable, income-producing rentals. The low price point ($150,000) means you can get started with a $30,000 down payment, and the 6.68% cap rate should produce positive cash flow even with conservative financing.
Target properties priced 15-25% below the $150,000 median — around $120,000 or less. At this price point with $1,110/mo rents, your cap rate improves to roughly 8.8%. Factor in 0.88% property taxes ($1,320/yr), budget 5% of gross rent for maintenance, and underwrite to a 5.8% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,008.
Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.
Run the numbers on a specific Lawton property using our cap rate calculator (pre-filled with Lawton data). Compare Lawton against similar markets in the South region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.
Lawton vs Oklahoma state average and national average across key investment metrics. Lawton outperforms both benchmarks on cap rate.