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1031 Exchange Lawton, Oklahoma

 

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

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