Lakeland vs Memphis: Housing
| Lakeland | Memphis | |
|---|---|---|
| Median Home Value | $388,900 | $169,000 |
| Median Gross Rent | $1,755/mo | $1,181/mo |
| Homeownership Rate | 79.2% | 44.9% |
| Rent as Share of Income | 18.1% | 27.4% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.