Total monthly cost of ownership
Cost to Own a Home in Lawton, Oklahoma
A $134,000 home here costs
$1,224per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $535 higher every month — 78% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lawton against Comanche County and Oklahoma
| Measure | Lawton | Comanche County |
|---|---|---|
| Median home value | $134,200 | $154,300 |
| Median property tax | $1,266 | $1,386 |
| Effective tax rate | 0.943% | 0.898% |
| Median gross rent | $935 | $940 |
| Population | 90,662 | 121,699 |
The weather behind that power bill
Lawton sits in Comanche County, which averages a high of 95.9°F in its hottest month and a low of 27.9°F in its coldest, with 34.18" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,236 cooling and 3,280 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Comanche County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Comanche County
Full Comanche County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Lawton?
A $134,000 home in Lawton, Oklahoma costs approximately $1,224 per month with 20% down at 6.66%. That is $689 principal and interest, $105 property tax, $130 homeowners insurance, $188 utilities and $112 set aside for maintenance.
What is the property tax rate in Lawton?
Lawton has an effective property tax rate of 0.943%, based on a median home value of $134,200 and median real estate taxes of $1,266. That is higher than the Comanche County average of 0.898%.
What is the average home price in Lawton?
The median owner-occupied home value in Lawton, Oklahoma is $134,200, against $154,300 across Comanche County.
Is it cheaper to rent or buy in Lawton?
Median gross rent in Lawton is $935 a month, against $1,224 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lawton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oklahoma.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.