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Lawton

Learn about the people, housing, costs and businesses in Lawton, Iowa

Median Home$258,600
Median Rent$930/month
Population913
Leading IndustriesPublic Administration · Construction · Wholesale Trade31% public administration
Home Value Growth⬆⬆+11.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
NotableHigh Incomes$101k/year · top 16% nationally
NotableVeteran Community9% of residents · top 22% nationally
Lawton
IA

Frequently Asked Questions

What are today's mortgage rates in Lawton?

As of today, the 30-year fixed mortgage rate for Lawton is approximately 6.978% (7.020% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lawton?

The median home value in Lawton is $259k. The median monthly rent is $930. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lawton?

Home values in Lawton have increased 11.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lawton?

Based on a typical all-in ownership cost of $1,020/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lawton is $101k/year.

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What industries drive the economy in Lawton?

The largest employment sectors in Lawton are public administration (31%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.