Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Lakeland area can be challenging. Home prices in Lakeland are now at a median cost of $130,457, lower than the Baltimore average of $408,559.
The average cost of rent is $1,356/mo in Lakeland, primarily driven by the current value of real estate in the Lakeland area. In Lakeland, 66.76% of households rent, and 26.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeland is $3,695 per month. Households that rent pay about 36.71% of their income on rent here. Lakeland’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Morrell Park, Baltimore, MD: higher priced homes
- Cherry Hill, Brooklyn, MD: higher priced homes
- Washington Village, Baltimore, MD: higher priced homes
- Riverside, Baltimore, MD: higher priced homes
- Federal Hill-Montgomery, Baltimore, MD: higher priced homes
- Greater Rosemont, Baltimore, MD: equally priced homes
- Hillcrest, Brooklyn Park, MD: higher priced homes
- Beechfielf-Irvington Area, Baltimore, MD: equally priced homes
- West Baltimore, Baltimore, MD: higher priced homes
- Downtown, Baltimore, MD: higher priced homes
Neighborhoods with Similar Populations
- University of NC at Chapel Hill, Chapel Hill, NC: higher priced homes
- Comstock, Spokane, WA: higher priced homes
- Crocker, Daly City, CA: higher priced homes
- Crystal Springs, Jacksonville, FL: higher priced homes
- Delta, Everett, WA: higher priced homes
- Downtown Durham, Durham, NC: higher priced homes
- Wellswood, Tampa, FL: higher priced homes
- Uptown, Racine, WI: less expensive homes
- East Lake, Chula Vista, CA: higher priced homes
- University Park, Portland, OR: higher priced homes
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