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Lakeland R-III

Learn about the people, housing, costs and businesses in Lakeland R-III, Missouri

Median Home$410,635
Median Rent$1,541/month
Population79,577
Leading IndustriesFinance & Insurance · Information & Media · Transportation8% finance & insurance
Home Value Growth+5.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners56% of occupied units
Lakeland R-III
MO

Frequently Asked Questions

What are today's mortgage rates in Lakeland R-III?

As of today, the 30-year fixed mortgage rate for Lakeland R-III is approximately 6.884% (6.920% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lakeland R-III
What is the median home price in Lakeland R-III?

The median home value in Lakeland R-III is $411k. The median monthly rent is $1,541. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakeland R-III?

Home values in Lakeland R-III have increased 5.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lakeland R-III?

Based on a typical all-in ownership cost of $1,521/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakeland R-III is $74k/year.

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What industries drive the economy in Lakeland R-III?

The largest employment sectors in Lakeland R-III are public administration (19%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.