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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lawton, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lawton, MI Housing Market Trends

With 1,794 people, 732 houses or apartments, and a median cost of homes of $226,631, house prices in Lawton are solidly below the national average.

Single-family detached homes are the single most common housing type in Lawton, accounting for 72.67% of the village's housing units. Other types of housing that are prevalent in Lawton include large apartment complexes or high rise apartments ( 20.21%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few mobile homes or trailers ( 1.68%).

The most prevalent building size and type in Lawton are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.94% owning and 39.06% renting.

There is a lot of housing in Lawton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawton built before 1939 ( 25.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.70%). There's also some housing in Lawton built between 2000 and later ( 10.10%).

Lawton Home Appreciation Rates

Appreciation rates for homes in Lawton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.34%, which ranks in the top 40% nationwide. This equates to an annual average Lawton house appreciation rate of 7.03%.

Appreciation rates are so strong in Lawton that despite a nationwide downturn in the housing market, Lawton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawton appreciation rates continue to be some of the highest in America, at 10.42%, which is higher than appreciation rates in 89.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawton. Lawton appreciation rates in the latest quarter were at 0.88%, which equates to an annual appreciation rate of 3.56%.

Relative to Michigan, our data show that Lawton's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$226,631

Lawton, MI Home Prices
> $1,395,000
$1,046,001 - $1,395,000
$697,001 - $1,046,000
$558,001 - $697,000
$419,001 - $558,000
$279,001 - $419,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
2.5%
2.5%
0.0%
0.0%
0.9%
0.9%
0.4%
0.4%
7.3%
7.3%
26.0%
26.0%
33.6%
33.6%
25.0%
25.0%
4.3%
4.3%
0% 100.0%
% of Homes
Average

for Michigan

Low

for nation

Number of Homes And Apartments:

732

Lawton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,429 / per month

Homeownership Rate

Owners
Renters
60.9%
60.9%
39.1%
39.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.1%
10.1%
40.4%
40.4%
23.7%
23.7%
25.8%
25.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.7%
72.7%
0.4%
0.4%
5.1%
5.1%
20.2%
20.2%
1.7%
1.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
11.9%
11.9%
26.2%
26.2%
42.5%
42.5%
14.0%
14.0%
4.8%
4.8%
0% 100.0%
% of Homes