Rent to own Homes in Lawton, OK
Finding a rent to own property in Lawton, Oklahoma, could be the ideal option for people looking for a moderately-sized city with plenty of commercial and residential aspects. This city of about 96,800 people is located about 80 miles to the southwest of Oklahoma City. Once a reservation of the Comanche, Apache, and Kiowa Indians, it is currently a thriving community. With large employers like Fort Sill and museums such as the Museum of the Great Plains located here, there's no doubt this area has plenty to offer any buyer.
Lawton, OK is a great place for affordable rent-to-own homes! With a median household income of over $47,690 and a median rent of $810, the Lawton, OK rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lawton, OK. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lawton, OK Property Resources
Rent to own Homes in Cities Near Lawton, OK
Neighborhoods in Lawton, OK
Great Plains rent to own homes College View rent to own homes Liberty Heights rent to own homes Ridgecrest rent to own homes Sooner Estates rent to own homes Mountain View rent to own homes Macarthur Park rent to own homes Rolling Meadows rent to own homes Tomlinson Ridge rent to own homes Morford Hills rent to own homesBuying a Home in Lawton, OK
Lawton, OK is seeing rapid growth and Lawton, OK's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Lawton, OK is part of Comanche county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Comanche is 0.86% which is below the national average, which is 0.99%.
Median Home Price in Lawton, OK
Median Rent in Lawton, OK
Top Reasons to Live in Lawton OK
Housing Statistics The city of Lawton has gone through a significant change in its housing market, much like any of the other Midwestern cities in this region. It does still have a high number of foreclosures, but it also is a highly desirable place to live, making it potentially ripe for those buyers looking for a rent to own house opportunity. The median sale price of homes here, as of the second quarter of 2013, was $120,000. The average listing price, which is accurate through August of 2013, was $145,436. About 145 homes have sold in the area in the previous six months. In addition to this, the annual residential turnover here is 26 percent and the median years in residence is about two.
Largest Employers and Industries Fort Sill Military Reservation was one of the most important components to this city's development and continued growth. It remains one of the largest employers in the area. Other industries outside of the government present here include manufacturing and retail trade. Other large employers include Goodyear Tire and Rubber Company, Lawton Public Schools, the City of Lawton, and Cameron University. The Comanche County Memorial Hospital and Assurant Solutions are also major employers located within the city.
Nightlife Mostly a residential city with a family-friendly lifestyle, there are not too many nightclubs and bars in the area. Still, for those people looking for something fun to do in the neighborhood, there are a few establishments that can fill that need. Chele's Club and Gate 4 are two options. Both are bars that also have club-like amenities. Helen's Club, Kaboose Tavern, and Jimmy's Lounge are typical bars often with sports on the televisions. All of these are fairly low-key in terms of the amenities offered.
Weather and Climate Individuals living in Lawton will enjoy an overall dry, subtropical climate, like much of the rest of the state. The summer months are often very hot and dry, with temperatures reaching on average 80 to 95 degrees. Most years, there will be plenty of days over 100 degrees. Additionally, strong winds and thunderstorms can cause damaging weather patterns in many areas. During the winter months, temperatures drop to an average of 27 degrees. The area gets about three inches of snow each year. It gets about 31 inches of precipitation throughout the year.
Local Shopping As a moderately sized city, finding an area with a shopping area isn't hard to do in Lawton. Central Mall, located in Lawton, is the largest shopping center. It is home to more than 100 stores, including big chains. There is also a movie theater located at this mall. You can also find strip malls on most of Lawton's commercial streets. These tend to offer shopping options ranging from grocery stores to discount department stores. The main shopping area, though, is along SW C Avenue. This is just off US Route 281, and it's where you will find many large retailers.