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Lakeland South

Learn about the people, housing, costs and businesses in Lakeland South, Washington

Median Home$598,890
Median Rent$1,665/month
Population13,111
Leading IndustriesInformation & Media · Finance & Insurance · Transportation10% information & media
Home Value Growth+7.0% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners74% of occupied units
NotableHigh Incomes$117k/year · top 10% nationally
Lakeland South
WA

Explore Lakeland South

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lakeland South?

As of today, the 30-year fixed mortgage rate for Lakeland South is approximately 6.823% (6.856% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lakeland South?

The median home value in Lakeland South is $599k. The median monthly rent is $1,665. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakeland South?

Home values in Lakeland South have increased 7.0% 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 South?

Based on a typical all-in ownership cost of $2,260/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $97k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakeland South is $117k/year.

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What industries drive the economy in Lakeland South?

The largest employment sectors in Lakeland South are public administration (20%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.