Median real estate price in the City Center of Lakeland is $581,213, which is more expensive than 85.9% of the neighborhoods in Tennessee and 70.7% of the neighborhoods in the U.S.
The average rental price in Lakeland City Center is currently $3,883, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.6% of the neighborhoods in Tennessee.
Lakeland City Center is a rural neighborhood (based on population density) located in Lakeland, Tennessee.
Real estate in the City Center of Lakeland, TN is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Lakeland City Center, the current vacancy rate is 0.9%, which is a lower rate of vacancies than 91.4% of all neighborhoods in the U.S. This means that the housing supply in Lakeland City Center is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
One way that the Lakeland City Center neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, the Lakeland City Center neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.9% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.5% of all neighborhoods in America.
Furthermore, homes built from 2000 through today make up a higher proportion of the Lakeland City Center neighborhood's real estate landscape than 95.6% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 70.5% of the residential real estate here is classified as newer.
According to NeighborhoodScout's exclusive analysis, Lakeland City Center is among the best neighborhoods for families in Tennessee. In fact, this neighborhood is more family-friendly than 99.1% of neighborhoods in the entire state of Tennessee. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Lakeland City Center neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students, highly educated executives and urban sophisticates.
With 1.9% of employed workers living in the Lakeland City Center neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the City Center neighborhood in Lakeland are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.0% of the neighborhoods in America. In addition, 2.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.7% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Lakeland City Center neighborhood, 54.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.2%), and 10.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Lakeland City Center neighborhood is English, spoken by 90.7% of households. Some people also speak Spanish (2.2%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the City Center neighborhood in Lakeland, TN, residents most commonly identify their ethnicity or ancestry as German (18.3%). There are also a number of people of English ancestry (11.6%), and residents who report Irish roots (9.9%), and some of the residents are also of Italian ancestry (6.6%), along with some Asian ancestry residents (6.5%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakeland City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (43.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.