Location: Lawton, OK | Metro: Lawton, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The classification of ZIP code 73503 hinges on its financial metrics, specifically the yield and stability factors. The yield is measured by comparing the Fair Market Rent (FMR) of $1340 against the market rent of $1,228 for the fiscal year 2024. Since there is no data available for home values in this area, we focus primarily on rental yields.
The FMR being higher than the market rent suggests that properties in ZIP 73503 can potentially offer a higher return on investment compared to the broader market, indicating a positive yield scenario. However, the lack of home value data means we cannot fully assess the potential for capital appreciation, which is a key component of long-term real estate investments.
Moving to stability, ZIP 73503 boasts a 100.0% rate of renters, which is an unusually high figure and points towards a strong demand for rental housing. This high percentage of renters suggests a robust tenant base, but it also implies limited opportunities for owner-occupiers, which could affect the diversity of the local real estate market.
The absence of data on days on market (DOM) makes it difficult to gauge how quickly properties can be leased or sold, a critical factor for both short-term and long-term stability. However, the median household income of $60,859 provides insight into the economic stability of the area. A higher median income generally indicates better financial health among residents, which can translate to more reliable rent payments and lower vacancy rates.
Based on these figures, ZIP 73503 leans towards being a steady-cashflow zone. The high proportion of renters and the relatively stable income levels support consistent rental income. However, the absence of home value data and the days on market figure introduces some uncertainty regarding the overall stability and potential for flipping properties. Landlords and small-portfolio investors should focus on the rental income potential, given the favorable FMR compared to market rent, while being cautious about the lack of comprehensive data on property turnover and value trends.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.