Department of Numbers

Lawton, Oklahoma Home Affordability

The data below measures home affordability for the Lawton, Oklahoma metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Lawton home affordability to other cities.

Lawton, Oklahoma Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Lawton HPI series. Median household income data for Lawton is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawton, Oklahoma Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 115.4
June 2011 113.6
March 2011 117.5
December 2010 119.5
September 2010 115.7
June 2010 118.0
March 2010 115.6
December 2009 107.3
September 2009 106.1

Lawton, Oklahoma Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Lawton median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Lawton, Oklahoma Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 103.9
June 2011 102.2
March 2011 105.8
December 2010 107.6
September 2010 104.1
June 2010 106.2
March 2010 104.0
December 2009 105.3
September 2009 104.1

Lawton, Oklahoma Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Lawton, Oklahoma and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Lawton, Oklahoma Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $229,726
October 2011 $227,521
September 2011 $226,431
August 2011 $222,145
July 2011 $214,932
June 2011 $215,941
May 2011 $212,688
April 2011 $207,826
March 2011 $207,826
February 2011 $205,224
January 2011 $209,750
December 2010 $210,967
November 2010 $221,355

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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