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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 3.80% |
| Two Bedrooms | 21.20% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 22.70% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $146,300 |
| Median Price asked for vacant units | $186,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1997 |
| Median Monthly Rent asked for vacant units | $725 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 65.20% |
| Debt Free | 19.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
