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.
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Home Value$438,488
-0.9%
Rent$1,911/mo
AFFORDABILITYRenting $732/mo cheaper ($1,911 rent)6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.
Enter your income for Lakeland.
$87,698 on $438,488
Out of reach — 42.3% of income
Need $113,271/yr to afford.
PITI$2,643
P/I42.3%
Afford$290K
Gap-$148K
P&I $2,217Tax $259Ins $167
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Tennessee
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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.
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