Walters, Oklahoma.
Typical home $107,915 (+1.5% in a year). Lawton, OK metro.
to buy the typical home at today's mortgage rate — +$253 (+81%) since Jan 2020.
- 1 year
- Up $1,580 +1%
- $106,335$107,915 since Sep 2025
- 5 years
- Up $26,259 +32%
- $81,656$107,915 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Walters$566
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Walters, OK rose 1.5% over the past year — faster than the nation's +1.2%.
Living in Walters, Cotton County, Oklahoma
Walters is a city of 2,412 people in Cotton County. Half its households earn more than $54,425 a year and half less, against $58,425 across Cotton County; 27% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Cotton County was 3.9% in August 2026, and the county had 2.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Walters is a small city and the seat of Cotton County in southwestern Oklahoma. Most homes here are lived in by their owners, and typical home values are modest. Household incomes run below the county's, and more residents live below the poverty line than is usual. Winters are cool and summers are hot, with January the coldest month and July the warmest, when afternoons turn very hot.
Work. Residents work mostly in schools, hospitals and social care, with shops, government and manufacturing also employing many. Across Cotton County, the largest workplaces include Kiowa Casino and Hotel and Walters Schools. Unemployment in the county is higher than a year earlier, though the county has added jobs, and few residents work from home.
Things to do. Water is the main draw nearby. Waurika Lake is a reservoir, and Elmer Thomas Lake is a lake, both a longer drive away. The Museum of the Great Plains, also a longer drive away, is a museum for an indoor day out. The Wichita River is another river option, likewise a longer drive from town.
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- 773households
- 20%of adults have a degree
- 27%below the poverty line
- 21 mintypical commute
- 2%work from home
What residents work in
Employed residents by industry, from the Census survey. Cotton County had 1,962 jobs in 2025, 2.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 53° and lows near 29°; warmest in July, with highs near 96° and lows near 72°.
Average daily high and low, 1991–2020, at the Walters 4NW Mesonet weather station, 3 miles away (NOAA).
Largest workplaces in Cotton County
- Kiowa Casino and HotelCasino hotels400
- Walters SchoolsSchool district78FTE
- Chattanooga SchoolsSchool district36FTE
- Temple SchoolsSchool district35FTE
- Big Pasture SchoolsSchool district30FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 400 people in all across the county; Walters has one of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- DroughtRelatively high
- Ice stormsRelatively high
- TornadoesRelatively high
- Winter weatherRelatively high
- WildfireRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Walters’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cotton County and the Lawton, OK metro.
Walters home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Walters$107,915
- Oklahoma$220,801
- United States$366,157
Sellers are cutting prices on about 1 in 4 Walters listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Walters18
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Walters address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Walters — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.