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Lakeland, TN
Full City Profile · Tennessee · Shelby County County
4.0
/5.0
A
Great
14,068
Population
598/sq mi density
$113,843
Median Income
$52,019 per capita
$373,800
Home Value
$443,369 Zillow
$1,611
Median Rent
30.5% income on rent
61°F
Avg Temperature
301 sunny days/yr
268
Violent Crime/100K
1,697 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$113,843 median income, 1.8% unemployment
A+
Affordability
4.8 / 5.0
$373,800 home value, $1,611/mo rent
F
Safety
1.0 / 5.0
268 violent crimes/100K
A+
Education
5.0 / 5.0
55.7% bachelor's degree or higher
Housing Overview
Median Home Value
$373,800
33% above
US avg: $281,900
Median Rent
$1,611/mo
39% above
US avg: $1,163/mo
Homeownership Rate
80.2%
23% above US avg (65.4%)
Total Housing Units
5,148
Median year built: 1997
Home Value by Source
Census Median
$373,800
Zillow (ZHVI)
$443,369
Median Sale Price
$330,000
Median List Price
$588,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.2%
Owner-Occupied
19.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$1,611/mo
· Zillow rent:
$1,846/mo
Market Indicators (Redfin)
Median Days on Market
32 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
11
Price Drops
9.4%
of listings with price reduction
Price Per Sq Ft
$166
Active Inventory
64
homes for sale
Affordability & Housing Stock
Rent Burden
30.5%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
80.2%
Complete Housing Data
Home Values
| Census Median Value | $373,800 |
| Zillow Home Value (ZHVI) | $443,369 |
| Median Sale Price | $330,000 |
| Median List Price | $588,500 |
| Price Per Sq Ft | $166 |
Rent
| Census Median Rent | $1,611 |
| Zillow Rent (ZORI) | $1,846 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 32 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 9.4% |
| Homes Sold | 11 |
| Active Inventory | 64 |
| Price Per Sq Ft | $166 |
Ownership & Stock
| Owner-Occupied | 80.2% |
| Renter-Occupied | 19.8% |
| Homeownership Rate | 80.2% |
| Total Housing Units | 5,148 |
| Median Year Built | 1997 |
| Rent Burden | 30.5% |