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Lakeland, MN

Full City Profile · Minnesota · Pierce County County

3.8 /5.0
B+ Good
1,510 Population 726/sq mi density
$101,339 Median Income $55,948 per capita
$357,700 Home Value $393,283 Zillow
$1,644 Median Rent 36.7% income on rent
43°F Avg Temperature 270 sunny days/yr
27 Violent Crime/100K 676 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$101,339 median income, 3.0% unemployment
A+
Affordability
4.7 / 5.0
$357,700 home value, $1,644/mo rent
F
Safety
1.0 / 5.0
27 violent crimes/100K
A+
Education
4.7 / 5.0
46.2% bachelor's degree or higher

Housing Overview

Median Home Value
$357,700
27% above
US avg: $281,900
Median Rent
$1,644/mo
41% above
US avg: $1,163/mo
Homeownership Rate
85.6%
31% above US avg (65.4%)
Total Housing Units
804
Median year built: 1975

Home Value by Source

Census Median
$357,700
Zillow (ZHVI)
$393,283
Median Sale Price
$369,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

85.6%
Owner-Occupied
14.4%
Renter-Occupied
86%
14%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,644/mo

Market Indicators (Redfin)

Median Days on Market
18 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$203
Active Inventory
1
homes for sale

Affordability & Housing Stock

Rent Burden
36.7%
of renters spending 30%+ of income on housing
18% above US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
85.6%

Complete Housing Data

Home Values

Census Median Value$357,700
Zillow Home Value (ZHVI)$393,283
Median Sale Price$369,900
Price Per Sq Ft$203

Rent

Census Median Rent$1,644
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market18
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold1
Active Inventory1
Price Per Sq Ft$203

Ownership & Stock

Owner-Occupied85.6%
Renter-Occupied14.4%
Homeownership Rate85.6%
Total Housing Units804
Median Year Built1975
Rent Burden36.7%