Market Summary

Lakeland, Shelby County, TN

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Median Home Price Price

$445,147 $445.1K

Median Monthly Rent Rent

$1,273 $1.3K

GRM

29.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Shelby County

Region Price Rent GRM Display
$475,604 $1,998 20.0x
$318,833 $1,256 21.0x

Home prices

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Monthly rent

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GRM

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Similar markets within TN outside of Shelby County

Region Price Rent GRM Display
$254,959 $1,101 19.0x
$396,734 $1,074 31.0x
$422,263 $1,341 26.0x
$434,507 $1,381 26.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of TN

Region Price Rent GRM Display
$259,171 $1,263 17.0x
$150,810 $1,432 9.0x
$196,916 $1,323 12.0x
$456,813 $1,340 28.0x
$455,944 $1,567 24.0x
$304,752 $1,349 19.0x
$184,124 $1,083 14.0x
$511,160 $1,789 24.0x
$225,633 $1,863 10.0x
$702,070 $1,172 50.0x
$331,149 $1,145 24.0x
$167,745 $1,315 11.0x
$207,948 $1,272 14.0x
$186,273 $1,287 12.0x
$429,849 $1,641 22.0x
$236,370 $1,497 13.0x
$175,336 $1,262 12.0x
$340,649 $1,596 18.0x
$373,085 $995 31.0x
$239,249 $1,248 16.0x
$452,069 $1,385 27.0x
$450,015 $1,335 28.0x
$172,591 $1,047 14.0x
$395,612 $1,372 24.0x
$286,478 $1,166 20.0x
$472,447 $1,464 27.0x
$238,501 $1,241 16.0x
$496,832 $1,919 22.0x
$176,176 $1,308 11.0x
$294,908 $1,170 21.0x
$325,859 $1,314 21.0x
$451,294 $1,265 30.0x
$310,951 $971 27.0x
$195,944 $1,160 14.0x
$242,804 $1,270 16.0x
$434,154 $1,721 21.0x

Home prices

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Monthly rent

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GRM

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Lakeland

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Trend Insights

Median Rent in Lakeland, TN is $1,273, with MoM change +$6 and YoY change +$25 pointing to positive momentum while volatility is low (std $5).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Lakeland, TN.

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Metric
Base market Lakeland, TN
Compare market Select a market
Delta vs base
Median rent
$1,273
N/A
Median price
$445,147
N/A
YoY change
+$25
N/A
Price-to-rent
29.1x
Data unavailable
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