Memphis

Housing & affordability in Lakeland

ACS 2020–24 · four inputs · 18% of the overall score
B
75/100
4th of 14
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The four inputs
Median home value vs metro$388,900
Memphis $245,90040% · scores 75
Median rent vs metro$1,755/mo
Memphis $1,220/mo30% · scores 76
Ownership rate79%
Memphis 61%15% · scores 80
Households spending >30% of income on housing24%
Memphis 34%15% · scores 70
Context, not scored
Median year built · Memphis 19832000
Houses rather than flats · Memphis 73%84%
Households with children · Memphis 31%40%
Neither direction is better here, so none of it moves the grade. It is on the page because it changes what a place is like to live in.
Vertical rule marks the Memphis reference. ACS 2020–24. Every scale is on the methodology page.

Best Memphis suburbs for housing

All 14 ranked, Lakeland highlighted
1ArlingtonA−$424,4002GermantownA−$470,8003ColliervilleB+$485,9004LakelandB$388,9005Olive BranchB−$290,0006BartlettB−$310,4007AtokaC+$320,7008HernandoC+$315,9009SouthavenC−$236,30010MarionD+$212,40011MillingtonD$207,30012Horn LakeD−$171,40013MemphisF$169,00014West MemphisF$120,100
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Better than Lakeland on housing & affordability

Lakeland grades B on housing & affordability. Three suburbs are within 25 miles and score higher on the same four inputs.

SuburbHousingMedian home valueOwnership rateOverall
Arlington4 mi from LakelandA−$424k85% 66 C+ Germantown13 mi from LakelandA−$471k87% 73 B Collierville15 mi from LakelandB+$486k80% 71 B−
Median home value: ACS 2020–24 · Ownership rate: ACS 2020–24