Real Estate Investing in Lakeland, Tennessee

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1 ZIP codes • Population: 43,868 • Shelby County

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Should you buy in Lakeland, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (69/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $411,779
Avg Monthly Rent $2,025
ZIP Codes 1

Investing in Lakeland Real Estate

Lakeland, TN covers 1 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

Investors considering Lakeland, TN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Lakeland has thinned in a way that amplifies price discovery risk. In practical terms, investors without local context should treat every number on the page with skepticism.

The 0% renter share in Lakeland masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Memphis, TN-MS-AR

Lakeland is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Property managers serving Shelby County

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Advantage Property Management offers property management services in Memphis, TN, and surrounding areas, including Section 8 property management, maintenance, and renovations. summary from their website

Section 8
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Enterprise Property Management offers property management services in Memphis. summary from their website

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Foundation Property Management offers property management services in Memphis, TN. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$411,779
Avg Monthly Rent
$2,025
1% Rule
✗ Below
Landlord Friendly (TN)

ZIP Codes in Lakeland, TN

Screen every ZIP in Lakeland

Filter Lakeland’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Lakeland, TN

Is Lakeland, TN a good market for FHA house hackers?

House hacking in Lakeland, TN is a challenging. With home values around $412K and rents at $2,025/mo, owner-occupants can offset a meaningful share of PITI.

How deep is the rental pool in Lakeland, TN?

Working renters make up the core of the Lakeland, TN tenant base. The pool is reasonable for investors targeting long-term holds.

Is rental property easy to operate in Lakeland, TN?

TN law landlord-friendly for landlords, and Lakeland inherits those rules. Investors should still review local ordinances for rental licensing.

Is Lakeland, TN a good place for real estate investing?

The 3.0/5 investability rating in Lakeland, TN reflects its $412K prices and $2,025/mo rents. Investors generally consider it a solid option within TN.

How expensive is real estate in Lakeland, TN?

In Lakeland, TN the median home value sits at $412K. Against the broader TN market, that reads as reasonable for most investors.

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