Lakeland, GA is a great city for Homeowners looking to purchase a home. The housing median value in Lakeland is significantly lower than the US median value at $130,100 compared to $338,100. Even with its lower price point compared to the rest of the country, the housing market in Lakeland has seen strong appreciation over the past year with an increase of 19.62%, much higher than the 8.27% national average. This makes Lakeland an attractive city for those looking to invest in or purchase a home due to its low prices and high rate of appreciation.
The median home cost in Lakeland is $130,100. Home appreciation the last 10 years has been 53.3%. Home Appreciation in Lakeland is up 14.1%.
Average Age of Homes
- The median age of Lakeland real estate is 38 years old
The Rental Market in Lakeland
- Renters make up 55.1% of the Lakeland population
- 7.0% of houses and apartments in Lakeland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.