Median home value: $438K (-0.9% YoY). Rent: $1,911/mo. Price-to-rent: 19.1x. Part of Memphis, TN-MS-AR.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Memphis, TN-MS-AR metro page.
Home Value$438,488
-0.9%
Rent$1,911/mo
AFFORDABILITYRenting $618/mo cheaper ($1,911 rent)6.00% 30yr, 20% down, county tax + TN ins. 28% per HUD.
Enter your income for Lakeland.
$87,698 on $438,488
Out of reach — 40.5% of income
Need $108,386/yr to afford.
PITI$2,529
P/I40.5%
Afford$303K
Gap-$135K
P&I $2,103Tax $259Ins $167
Home Buying Kit For Dummies (2025)Financing, negotiation, closing