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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 $185,424, lower than the Florida average of $278,762.
The average cost of rent is $1,245/mo in Lakeland, primarily driven by the current value of real estate in the Lakeland area. While nearly 42.91% of residents own their homes outright in Lakeland, 29.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakeland is $5,033 per month. Households that rent pay about 24.74% of their income on rent here. Lakeland's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Crystal Lake, FL: less expensive homes
- Youmans, FL: higher priced homes
- Fussels Corner, FL: less expensive homes
- Lakeland Highlands, FL: higher priced homes
- Coronet, FL: equally priced homes
- Kossuthville, FL: less expensive homes
- Highland City, FL: higher priced homes
- Fuller Heights, FL: higher priced homes
- Auburndale, FL: equally priced homes
- Mulberry, FL: less expensive homes
Cities with Similar Populations
- Jackson, TN: less expensive homes
- Jacksonville, FL: higher priced homes
- Jersey City, NJ: higher priced homes
- Jacksonville, NC: less expensive homes
- Independence, MO: less expensive homes
- Henderson, NV: higher priced homes
- Hemet, CA: higher priced homes
- Highland, CA: higher priced homes
- Hattiesburg, MS: equally priced homes
- Harrisburg, PA: higher priced homes
All Local Stats
Home Services
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