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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lakeland, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lakeland, GA Housing Market Trends

With a population of 2,953, 1,017 total housing units (homes and apartments), and a median house value of $264,980, Lakeland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lakeland, accounting for 67.43% of the city's housing units. Other types of housing that are prevalent in Lakeland include mobile homes or trailers ( 25.20%), large apartment complexes or high rise apartments ( 4.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.46%).

The most prevalent building size and type in Lakeland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.91% owning and 63.09% renting.

There is a lot of housing in Lakeland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lakeland built before 1939 ( 20.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.38%). There's also some housing in Lakeland built between 2000 and later ( 15.71%).

Vacant housing appears to be an issue in Lakeland. Fully 16.78% of the housing stock is classified as vacant. Left unchecked, vacant Lakeland homes and apartments can be a drag on the real estate market, holding Lakeland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lakeland Home Appreciation Rates

Real estate appreciation rates in Lakeland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.43% during the period.

Over the last year, Lakeland appreciation rates have trailed the rest of the nation. In the last twelve months, Lakeland's appreciation rate has been 5.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lakeland were at 1.65%, which equates to an annual appreciation rate of 6.78%.

Relative to Georgia, our data show that Lakeland's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

Median Home Value

$264,980

Lakeland, GA Home Prices
> $1,449,000
$1,087,001 - $1,449,000
$725,001 - $1,087,000
$580,001 - $725,000
$435,001 - $580,000
$290,001 - $435,000
$145,001 - $290,000
$73,001 - $145,000
$0 - $73,000
0.0%
0.0%
0.2%
0.2%
0.0%
0.0%
0.0%
0.0%
10.7%
10.7%
29.0%
29.0%
27.3%
27.3%
15.1%
15.1%
17.7%
17.7%
0% 100.0%
% of Homes
Average

for Georgia

Average

for nation

Number of Homes And Apartments:

1,017

Lakeland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,368 / per month

Homeownership Rate

Owners
Renters
36.9%
36.9%
63.1%
63.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.8%
16.8%
83.2%
83.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.7%
15.7%
43.2%
43.2%
20.4%
20.4%
20.7%
20.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.4%
67.4%
0.0%
0.0%
2.5%
2.5%
4.9%
4.9%
25.2%
25.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
3.3%
3.3%
24.5%
24.5%
63.3%
63.3%
7.6%
7.6%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Lakeland

Zip Codes in Lakeland, GA