Rent, population, and median household income are important factors to consider for a 1031 exchange in Lawton due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Lawton, Oklahoma is a part of the Lawton, OK metropolitan area, and contains 5 zip codes: 73501, 73507, 73505, 73506, and 73502.
Lawton Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lawton, OK metropolitan area was $647, which is 4.02% lower than 2014 average rent. This represents a compounded annual growth rate of 0.79%. 2019 vacancy in Lawton, OK was 7.10%.
The total population of the city of Lawton, OK has decreased 4.14% since 2010. As of 2018, the population was 92,859. The median household income of the Lawton was $47,262, which is 21.61% lower than the national average.
- metropolitan area Lawton, OK
- avg rent $647
- rent growth 4.02%
- vacancy 7.10%
- median income $47,262
- population (2018) 92,859
- population growth -4.14%
- vs. nat'l avg 21.61%
- zip codes 73501 73502 73505 73506 73507