Department of Numbers

Lawton Oklahoma Residential Rent and Rental Statistics

The median monthly gross residential rent in Lawton, OK (the Lawton metro area) was $766 in 2015 according to the Census ACS survey.1 Average gross rent in Lawton was $737 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Lawton median and average rent data will be released in September of 2017.

Data is also available below for Lawton rental vacancy rates, Lawton rent as a percent of median income and the fraction of renters in Lawton.

Show dollars as: Nominal Real

Real Gross Rent in Lawton Oklahoma (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Oklahoma Median Gross Rent $759 +3.55% +10.32%
Lawton, OK Median Gross Rent $766 -3.89% +0.66%

Lawton, OK Real Gross Rent Trends

Median gross rent for Lawton peaked in real terms in 2014 at $797 and is now $31 (3.89%) lower. Average gross rent for Lawton peaked in real terms in 2014 at $786 and is now $49 (6.23%) lower.

Real Gross Rent in Lawton: Lawton OK Median, Lawton OK Average, Oklahoma Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lawton

Date US
Median
Oklahoma
Median
Lawton, OK
Median
Lawton, OK
Average
2015 $959 $759 $766 $737
2014 $930 $733 $797 $786
2013 $898 $700 $763 $758
2012 $886 $688 $761 $750
2011 $887 $687 $783 $771
2010 $901 $694 $698 $692
2009 $905 $683 $721 $654
2008 $920 $686 $694 $664
2007 $874 $651 $678 $677
2006 $883 $671 $685 $620
2005 $858 $645 $665 $635

Lawton Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Lawton Oklahoma was 12.61% according to Census ACS data.

Rental Vacancy Rate in Lawton Oklahoma

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Oklahoma 7.76% -0.36% -0.40%
Lawton, OK 12.61% -2.23% -4.83%

Trends in Lawton, OK Rental Vacancy Rate

The rental vacancy rate in Lawton peaked in 2012 at 17.44%. Since then it has fallen by 4.83% to 12.61%. Data records for this series originated in 2005.

Rental Vacancy Rate: Lawton OK, Oklahoma, US

Rental vacancy rate in Oklahoma

Historical Rental Vacancy Rate data for Lawton

Date US Oklahoma Lawton, OK
2015 5.85% 7.76% 12.61%
2014 6.32% 8.12% 14.84%
2013 6.49% 8.19% 12.67%
2012 6.77% 8.16% 17.44%
2011 7.40% 8.52%
2010 8.17% 8.52%
2009 8.43% 8.41% 10.52%
2008 7.86% 9.18% 9.14%
2007 7.87% 9.33% 9.98%
2006 7.70% 10.14%
2005 7.74% 9.97%

Rent as a Fraction of Income

Using median household income data for Lawton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lawton, median monthly gross rent as a fraction of median household income was 19.30% in 2015 according to the ACS.

Lawton Oklahoma Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Oklahoma 18.75% +0.15% +0.18%
Lawton, OK 19.30% -0.90% -0.99%

Trends in Lawton, OK Rent as a Fraction of Income

The fraction of median Lawton household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.07%. Since then it has fallen by 2.77% to 19.30%.

Fraction of Income towards Rent: Lawton OK, Oklahoma, US

Percent of median household income going towards median monthly gross rent in Lawton Oklahoma

Historical Data for Annual Rent as a Fraction of Income in Lawton Oklahoma

Date US Oklahoma Lawton, OK
2015 20.63% 18.75% 19.30%
2014 20.89% 18.61% 20.20%
2013 20.78% 18.52% 22.07%
2012 20.65% 18.58% 20.30%
2011 20.70% 18.74% 20.70%
2010 20.50% 18.80% 18.16%
2009 20.12% 18.32% 16.82%
2008 19.00% 17.21% 19.07%
2007 18.66% 16.98% 16.81%
2006 18.90% 17.95% 17.94%
2005 18.89% 17.71% 16.97%

Renter Fraction in Lawton Oklahoma

You can calculate the renter fraction in Lawton in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lawton as a fraction of total Lawton households. In 2015 46.47% of households were renters according to Census ACS data.

Lawton Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Oklahoma 34.66% -0.20% +1.04%
Lawton, OK 46.47% +3.09% +4.64%

Trends in the Lawton, OK Renter Fraction

The Lawton household renter fraction peaked in in 2013 at 46.73% and is now 0.26% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Lawton OK, Oklahoma, US

Fraction of renters in Lawton

History of Lawton Renter Fraction

Date US Oklahoma Lawton, OK
2015 36.97% 34.66% 46.47%
2014 36.90% 34.86% 43.38%
2013 36.50% 34.46% 46.73%
2012 36.09% 33.62% 41.83%
2011 35.42% 32.97% 43.34%
2010 34.65% 32.21% 43.92%
2009 34.13% 32.81% 40.67%
2008 33.36% 32.76% 39.28%
2007 32.80% 31.77% 38.19%
2006 32.73% 31.39% 40.04%
2005 33.10% 32.13% 41.26%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.