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Lawton

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

Median Home$192,900
Median Rent$812/month
Population2,140
Leading IndustriesFinance & Insurance · Information & Media6% finance & insurance
Home Value Growth⬆⬆+17.9% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners81% of occupied units
Lawton
MI

Frequently Asked Questions

What are today's mortgage rates in Lawton?

As of today, the 30-year fixed mortgage rate for Lawton is approximately 6.884% (6.920% 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 $193k. The median monthly rent is $812. Annual property taxes average $2k. 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 17.9% 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 $989/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lawton is $67k/year.

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What industries drive the economy in Lawton?

The largest employment sectors in Lawton are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.