The housing market in Lakeland, NY is thriving. The median value of homes in Lakeland is $149,900 which is far lower than the US median value of $338,100. In addition to this, the appreciation rate for homes in Lakeland over the past year has been 14.28%, nearly 6% higher than the national average of 8.27%. This indicates that Lakeland is a great place to invest in real estate as values are likely to rise significantly over time.
The median home cost in Lakeland is $149,900. Home appreciation the last 10 years has been 63.4%. Home Appreciation in Lakeland is up 13.6%.
Average Age of Homes
- The median age of Lakeland real estate is 47 years old
The Rental Market in Lakeland
- Renters make up 9.9% of the Lakeland population
- 0.0% 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.