In this article, we will explore why are houses so cheap in Lawton Oklahoma since Lawton is a city that is known for its affordable housing market. Despite being a relatively large city with a population of over 90,000 people, houses in Lawton are often priced lower than in other areas of the country. Below are the perceived reasons for the phenomenon.
Why are houses so cheap in Lawton Oklahoma
(a) Military Presence
Military presence in Lawton, Oklahoma contributes to cheaper housing primarily due to the high turnover of military personnel. The constant relocation creates a consistent demand for rental housing, leading to a larger supply of available properties. This increased supply helps to keep rental prices more affordable.
Furthermore, the presence of a military base stimulates the local economy by creating jobs and supporting businesses, which can contribute to a more stable and affordable housing market overall.
Also, with so many service members stationed in Lawton, there is a consistent demand for rental properties, which has helped keep the overall cost of housing in the area relatively low. See more!
(b) Low Cost of Living
Another factor that contributes to the affordable housing market in Lawton is the low cost of living. According to data from PayScale.com, the overall cost of housing in Lawton is 21% lower than the national average. Also, utility and gas prices are 10% and 13% lower respectively than national average.
This means that residents of Lawton spend less, which can free up more of their budget for other amenities. Additionally, the low cost of living makes Lawton an attractive destination for retirees or those on a fixed income who are looking for affordable housing options.
(c) Limited Job Opportunities
While Fort Sill is a major employer in Lawton, there are limited job opportunities outside of the military base. As a result, there is less demand for housing from people who are moving to the area for work.
Additionally, the lack of job opportunities can lead some residents to move away from Lawton, which can further decrease demand for housing in the area. This can create a situation where housing prices remain low due to a lack of demand.
(d) Rural Location
Lawton is located in Southwest Oklahoma, which is a relatively rural part of the state. While this can be an attractive feature for some people, it can also limit demand for housing. Many people who are looking for housing may be more interested in larger, urban areas with more amenities and entertainment options. This can mean that Lawton may not be as attractive to potential homebuyers, which can keep housing prices low.
(e) Older Housing Stock
Another reason why houses are cheap in Lawton is the older housing stock in the area. Many of the homes in Lawton were built in the early to mid-1900s and may require more maintenance and updates than newer homes.
This can make these homes less attractive to buyers who are looking for a move-in ready property. Additionally, older homes may not have the modern amenities that many buyers are looking for, such as open floor plans or high-end finishes.
(f) Low Population Growth
Finally, Lawton has experienced slow population growth in recent years. This slow growth can lead to a lack of demand for housing, which can result in lower prices. Additionally, slow population growth can lead to an aging population, which may be less interested in buying homes or may be looking for more affordable housing options.
In summary, the reasons why houses are cheap in Lawton, Oklahoma includes the strong military presence, low cost of living, limited job opportunities, rural location, older housing stock, and slow population growth.
While these factors may make Lawton less attractive to some homebuyers, they also create a unique opportunity for those who are looking for affordable housing options in a smaller, close-knit community.
Also Read // Why is Texas real estate so cheap (6 Main Reasons)
Benefits of living in Lawton Oklahoma
(a) Affordable Cost of Living
One of the biggest benefits of living in Lawton is the low cost of living. According to data from BestPlaces.net, the overall cost of living in Lawton is 22.3% lower than the national average. This means that residents of Lawton can enjoy a high quality of life without breaking the bank. Housing, in particular, is very affordable in Lawton, with many homes available at prices well below the national average.
(b) Strong Sense of Community
Lawton is known for its strong sense of community. The city is home to several tight-knit neighborhoods, and residents often take pride in their community and work to make it a welcoming place for everyone.
Additionally, the city hosts several community events throughout the year, such as the Lawton Farmers Market and the Freedom Festival, which offer opportunities to meet new people and connect with the community.
(c) Quality Education
Lawton is home to several excellent schools, including the Lawton Public School District and Cameron University. The Lawton Public School District is one of the largest school districts in Oklahoma and offers a variety of educational programs for students of all ages.
Cameron University is a public university that offers a wide range of undergraduate and graduate programs, as well as opportunities for research and community engagement.
(d) Access to Healthcare
Lawton is also home to several quality healthcare facilities, including the Comanche County Memorial Hospital and the Reynolds Army Health Clinic. Comanche County Memorial Hospital is a regional medical center that provides a wide range of medical services, including emergency care, surgery, and cancer treatment. Reynolds Army Health Clinic is a military medical facility that provides healthcare services to active-duty service members, veterans, and their families.
(e) Natural Beauty
Lawton is located in the beautiful Wichita Mountains, which offer stunning views and opportunities for outdoor recreation. The Wichita Mountains Wildlife Refuge is a popular destination for hiking, camping, and wildlife viewing. The refuge is home to several species of wildlife, including bison, elk, and prairie dogs, and offers opportunities to explore the natural beauty of the area.
(f) Rich History and Culture
Lawton has a rich history and diverse culture, which is reflected in the city’s many museums and cultural centers. The Museum of the Great Plains showcases the history and culture of the Great Plains region, while the Comanche National Museum and Cultural Center focuses on the history and traditions of the Comanche people.
Additionally, the city hosts several cultural events throughout the year, such as the Lawton International Festival, which celebrate the diversity of the community. See more!
To wrap it up, there are many benefits to living in Lawton, including the affordable cost of living, strong sense of community, quality education and healthcare, natural beauty, and rich history and culture. So, whether you are looking for a place to raise a family, start a career, or retire, Lawton has something to offer everyone.