Terrace Hills, Lawton, OK
Terrace Hills — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Terrace Hills, Lawton, Oklahoma. Explore the cited sources and local facts below while agent underwriting continues.
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Terrace Hills Neighborhood Overview
Terrace Hills is a residential neighborhood located in the 73501 ZIP code of Lawton, Oklahoma. Positioned at coordinates 34.5915, -98.3698, it offers a quiet, suburban atmosphere within the city. The area provides a balance of affordability and convenience for its residents.
Lifestyle & Amenities
Residents of Terrace Hills enjoy a primarily residential setting with easy access to Lawton's broader amenities. The neighborhood's location provides convenient routes to shopping, dining, and essential services. Its community-focused atmosphere is suited for individuals and families seeking a quieter pace of life.
Real Estate Market
The Terrace Hills real estate market is characterized by its affordability, with a median home value of $120,800. Homes sell at a median price per square foot of $128.21 and typically spend an average of 36 days on the market. The neighborhood has a 45% homeownership rate, with a median monthly rent of $790 for those who prefer leasing.
Schools & Education
Families in Terrace Hills are served by the Lawton Public Schools district. The specific schools serving the neighborhood are determined by its attendance boundaries within the district. Parents are encouraged to contact the district for the most current school assignment information.
Transportation & Connectivity
Terrace Hills is well-connected by the major roadways that serve the Lawton area, facilitating easy commutes. The neighborhood's layout is designed primarily for private vehicle travel. Its central location within the 73501 ZIP code provides efficient access to other parts of the city.
Why Choose Terrace Hills
Terrace Hills is an excellent choice for homebuyers and renters seeking an affordable entry into the Lawton housing market. With a median household income of $46,701, the cost of living here is manageable for many budgets. The neighborhood offers a stable, quiet community with the practical benefits of city living.
Terrace Hills Market Data
| Metric | Value |
|---|---|
| Median Home Price | $121K |
| Median Gross Rent | $790/mo |
| Median Household Income | $47K |
| Homeownership Rate | 44.6% |
| Renter-Occupied | 55.4% |
| Rental Vacancy Rate | 5.6% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 73501 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 85,661 |
| VA Loan Originations | 9,482 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $261K |
| Conventional Loan Originations | 64,218 |
| FHA Loan Originations | 11,961 |
Top Real Estate Agents in Terrace Hills, Lawton
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Terrace Hills, Lawton, OK. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Oklahoma Real Estate Commission (OREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12