Lakeland, GA—31635
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeland, GA
As of Oct '25, the median home price in Lakeland, GA is $201,000, with a year-over-year change of 2.9%. This indicates that home prices in Lakeland, GA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 2.9% |
| Single Family | $200,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $214,000 | 3.9% |
4 Bed | $281,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakeland, GA
As of July '25, Rentcast reports the average rent in Lakeland, GA is $1,260, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Lakeland, GA is 2-bedrooms: $813, 3-bedrooms: $1,430, 4-bedrooms: $2,100. The most common rental property sizes in Lakeland, GA are 3-bedroom and 2-bedroom, accounting for 70.3% and 16.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $795 | $813 |
| 3 Bed Rent | $1,500 | $1,430 |
| 4 Bed Rent | $2,000 | $2,100 |
% of Rental Stock
Property Listings — Lakeland, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeland, GA is 64. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 22.0% |
Listing Count | 31 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 64 | -6.0% |
Demographics — Lakeland, GA
As of the latest ACS Survey released in 2023, Lakeland, GA has a population of 6,980, which has increased by 5.7% over the past 5 years. Lakeland, GA is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,980 | 5.7% |
% Under 18 | 25.3% | -0.4% |
% Seniors | 15.7% | 36.5% |
% WFH | 8.4% | 950.0% |
% w/ College Degree | 18.7% | 6.2% |
As of the latest ACS Survey released in 2023, Lakeland, GA is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Lakeland, GA is black, making up 28.8% of the population. Foreign-born residents account for 2.1% of the population in Lakeland, GA, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.9% | -3.3% |
% Black | 28.8% | 18.5% |
% Hispanic | 3.7% | -43.1% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 2.1% | 50.0% |
Mortgage and Risk — Lakeland, GA
According to HUD data as of 2023, there were 220 mortgage originations in Lakeland, GA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, GA. Investor activity is high, as 20.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 20.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lakeland, GA
Lakeland, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $225 | $795 | $1,020 |
| 3 Bedroom | -$140 | $1,500 | $1,360 |
| 4 Bedroom | -$420 | $2,000 | $1,580 |
Affordability — Lakeland, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $201,000 |
| Median Household Income | $43,800 |