Real Estate details: Lakeland FL vs Memphis TN
RE Insights
| Metric | Lakeland | Memphis |
|---|---|---|
| Population | 120,071 | 621,056 |
| Median Home Price | $289,000 | $185,000 |
| Rent | 45% | 53% |
| Own | 55% | 47% |
Real Estate Insights Comparison: Lakeland vs Memphis
- The population in Memphis is greater at 621,056 compared to 120,071 in Lakeland.
- A higher median home price of $289,000 is found in Lakeland compared to $185,000 in Memphis.
- The rent percentage in Memphis is higher at 53% compared to 45% in Lakeland.
- A greater percentage of homeowners in Lakeland at 55% compared to 47% in Memphis.
Environmental Insights
Understanding environmental factors is crucial for assessing the sustainability and quality of life in a city or town. Environmental conditions can vary significantly, influenced by factors such as air quality, green spaces, and local climate. Evaluating these aspects helps in making informed decisions about living and investing in a community.