Home prices
Lakeland's median home cost is $257,400. In comparison to its nearby areas it is approximately $87,220 (51%) higher.Compared to the United States as a whole it is roughly $39,900 (18%) higher, and it is about $155,600 (152%) higher compared to the city of Memphis.
Rents
The median monthly rent in Lakeland is $1,200. Compared to its surrounding areas this is approximately $25 (2%) lower.It is approximately $138 (12%) higher in comparison to the entire nation, and it is about $299 (33%) higher in comparison to the city of Memphis.
Nearby places
Arlington
Arlington is Lakeland's neighbor to the east. Its housing prices are a bit less expensive. The median home value in Arlington is $238,500, which comes out to $18,900 (7%) lower than Lakeland. Rents there are substantially more expensive. In Arlington the median monthly rent is $1,801, which works out to $601 (33%) higher than Lakeland.
Bartlett
Bartlett is Lakeland's neighbor to the west. Housing prices there are a lot less expensive. The median home cost in Bartlett is $185,100, which works out to $72,300 (39%) lower than Lakeland. The rent there is somewhat more expensive. Bartlett's median monthly rent is $1,383, which comes out to $183 (13%) higher than Lakeland.
Gallaway
Gallaway is roughly 7 miles northeast from Lakeland. The real estate prices there are significantly less expensive. The median home in Gallaway costs $112,500, which comes out to $144,900 (128%) lower than Lakeland. Its rents are significantly less expensive. Gallaway's median rent is $498 a month, which comes out to $702 (140%) lower than Lakeland.
Oakland
Oakland is about 9 miles east of Lakeland. Its real estate prices are a lot less expensive. The value of the median home in Oakland is $185,800, which comes out to $71,600 (38%) lower than Lakeland. Its rents are somewhat more expensive. Oakland's median monthly rent is $1,502, which works out to $302 (20%) higher than Lakeland.
Millington
Millington is roughly 9 miles northwest from Lakeland. Its housing prices are significantly less expensive. The median home in Millington costs $129,000, which works out to $128,400 (99%) lower than Lakeland. Rent there is a little less expensive. Millington's median monthly rent is $939, which works out to $261 (27%) lower than Lakeland.
