The median home in Lakeland, Tennessee is valued at $438,488, down 0.9% year over year. Typical monthly rent is $1,911, producing a price-to-rent ratio of 19.1x — near the national average of 18x. Lakeland is part of the Memphis, TN-MS-AR metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$438,488

-0.9%

Rent$1,911/mo

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$87,698 on $438,488

Example: $75,000 household income. Change it above to see your own.

Out of reach42.3% of income

Need $113,271/yr to afford.

PITI$2,643

P/I42.3%

Afford$290K

Gap-$148K

P&I $2,217Tax $259Ins $167

Renting $732/mo cheaper ($1,911 rent)6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Tennessee

Compare Lakeland with other housing markets across Tennessee.

Brentwood$1.39M College Grove$1.23M Arrington$1.13M Lookout Mountain$977K Franklin$904K Nolensville$819K Thompsons Station$728K Eads$681K

Full Memphis, TN-MS-AR analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Memphis, TN-MS-AR metro.

View Memphis, TN-MS-AR metro

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Lakeland, TN