Lakeland, TN Real Estate

According to census data in the year 2000 there were 2,831 housing units in Lakeland. This represents a 496% growth from 475 in 1990.

Of those housing units, 2,548 were located in either urbanized areas or urban clusters, and 283 were located in what is classified as a rural area.

Homeownership rate in Lakeland is about 77.1%. Lakeland's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Lakeland were built after 1993.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom3.80%
Two Bedrooms21.20%
Three Bedrooms49.50%
Four Bedrooms22.70%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1991
Median Value of occupied units$146,300
Median Price asked for vacant units$186,900

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1997
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage7.30%
Home Equity Loan7.20%
Simple Mortgage65.20%
Debt Free19.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%