Zip 38002 (Lakeland, TN) Housing

The housing market in Lakeland, TN has performed remarkably well over the past year. The median value of homes in this area is $380,100, which is significantly higher than the US House Median Value of $338,100. This difference is even more striking when considering that the US House Appreciation rate was 8.27%, whereas the appreciation rate for homes in Lakeland was 15.27%. This trend indicates that investing in housing in this area would be a wise decision for anyone looking to build long term wealth.

The median home cost in Lakeland (zip 38002) is $380,100. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Lakeland (zip 38002) is up 20.2%.

Average Age of Homes

- The median age of Lakeland (zip 38002) real estate is 16 years old

The Rental Market in Lakeland (zip 38002)

- Renters make up 15.2% of the Lakeland (zip 38002) population
- 0.0% of houses and apartments in Lakeland (zip 38002), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lakeland, Tennessee	United States
	14,824.0	139,647,020.0
	19	42
	$380,100	$338,100
	20.2%	16.6%
	63.5%	57.0%
	94.9%	101.1%
	$10.64	$10.98
	$2,972	$2,690
	82.7%	57.4%
	1.8%	11.2%
	15.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.4%	0.4%
	0.2%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.6%	2.4%
	0.5%	2.8%
	0.8%	3.9%
	0.8%	4.5%
	5.2%	11.3%
	13.8%	13.0%
	34.0%	20.1%
	24.3%	13.6%
	9.6%	8.3%
	7.4%	9.7%
	0.3%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	41.5%	13.6%
	41.5%	13.6%
	21.5%	13.6%
	8.0%	13.2%
	8.1%	14.8%
	21.5%	13.6%
	2.1%	10.0%
	0.5%	4.7%
	0.9%	12.2%

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