73505, Lawton, OK

The Lawton, OK 73505 zip code has a median home value of $119,000 and a median home equity value of $130,000. This is lower than the state median home value of $179,500 and the national median home equity value of $177,200. The Lawton zip code has a lower home equity value than most other zip codes in Oklahoma because it has a higher percentage of low-income households.

The Lawton area has seen an increase in home values over the past few years. In 2013, the median home value was $107,000 and in 2017 it had increased to $119,000. This is likely due to an increase in demand for housing as well as low interest rates. Over the past five years (2013-2017), the average annual growth rate for homes in this zip code was 6%.

Despite this positive trend, there are still areas within the Lawton area that have lower home values than others. For example, homes in neighborhoods near downtown or close to military bases tend to have higher values than those located elsewhere within the city. Additionally, newer homes located near major highways or shopping areas tend to be worth more than older homes located closer to residential areas.