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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 $236,947, higher than the Louisiana average of $235,139.
The average cost of rent is $688/mo in Lakeland, primarily driven by the current value of real estate in the Lakeland area. In Lakeland, 11.60% of households rent, and 57.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeland is $4,267 per month. Households that rent pay about 16.12% of their income on rent here. Lakeland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rougon, LA: less expensive homes
- Jarreau, LA: higher priced homes
- Torbert, LA: higher priced homes
- Erwinville, LA: equally priced homes
- Oscar, LA: higher priced homes
- Chamberlin, LA: equally priced homes
- Bueche, LA: higher priced homes
- Glynn, LA: less expensive homes
- Ventress, LA: higher priced homes
- Mix, LA: less expensive homes
Cities with Similar Populations
- Ila, GA: equally priced homes
- Herman, NE: higher priced homes
- Heron Lake, MN: less expensive homes
- Hillsboro, GA: higher priced homes
- Hodges, AL: less expensive homes
- Homeland, GA: less expensive homes
- Honey Lake, WI: higher priced homes
- Hot Sulphur Springs, CO: higher priced homes
- Hoyleton, IL: less expensive homes
- Husser, LA: less expensive homes
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