Home Price Key
Affordable
Average
Expensive
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 $312,501, higher than the Michigan average of $196,062.
The average cost of rent is $1,112/mo in Lakeland, primarily driven by the current value of real estate in the Lakeland area. While nearly 37.23% of residents own their homes outright in Lakeland, 3.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakeland is $8,483 per month. Households that rent pay about 13.11% of their income on rent here. Lakeland's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Pinckney, MI: equally priced homes
- Pettysville, MI: higher priced homes
- Hamburg, MI: equally priced homes
- Hudson Mills, MI: higher priced homes
- Whitmore Lake, MI: less expensive homes
- Hell, MI: equally priced homes
- Dexter, MI: higher priced homes
- Brighton, MI: equally priced homes
- Unadilla, MI: less expensive homes
- Gregory, MI: less expensive homes
Cities with Similar Populations
- Ringtown, PA: less expensive homes
- Elysian Fields, TX: less expensive homes
- Enterprise, UT: less expensive homes
- Evensville, TN: less expensive homes
- Faison, NC: less expensive homes
- Sparta, KY: less expensive homes
- Flintville, TN: less expensive homes
- Albertson, NC: less expensive homes
- Glasgow, VA: less expensive homes
- East Brewton, AL: less expensive homes
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