What percentage of people rent in Lakeland, TN?

Name: Renters and owners in Lakeland, TN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

20.8% (±6.1 points) of the occupied homes in Lakeland, TN are rented (2020–2024 American Community Survey).

That is 1,104 renting households against 4,209 that own their home.

In Lakeland, the share of households that rent went from 11.9% in 2015–2019 to 20.8% in 2020–2024 (+8.9 percentage points), a measurable increase.

Figures last updated on November 12, 2026.

Households that rent: 20.8% (±6.1 points)
Renting households: 1,104 (±349)
Median renter income: $68,690 (±$61,689)

Who rents and who owns in Lakeland

Tenure, estimate (90% margin of error)
	Lakeland	Shelby County	Tennessee	United States
Renter-occupied share	20.8% (±6.1 points)	45.9% (±0.7 points)	33.1% (±0.3 points)	34.8%
Renting households	1,104 (±349)	166,362 (±2,818)	933,708 (±7,883)	45,017,354
Owning households	4,209 (±364)	196,379 (±2,651)	1,890,569 (±10,295)	84,210,142
Average renter household size	2.6 (±0.6)	2.4 (±0.0)	2.3 (±0.0)	2.3
Average owner household size	2.7 (±0.2)	2.6 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$68,690 (±$61,689)	$44,088 (±$1,053)	$46,745 (±$535)	$52,966
Median owner household income	$126,583 (±$18,326)	$91,584 (±$1,718)	$85,153 (±$545)	$100,009

In Lakeland, the renter share is lower than in Shelby County (45.9%).

It is also lower than in Tennessee (33.1%).

It is lower than the national figure (34.8%).

In Shelby County, Lakeland ranks 3 of 7 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 278 of 405.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lakeland has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	11.9% (±3.0 points)	20.8% (±6.1 points)	+8.9 percentage points	Measurable increase
Median gross rent	$1,200 (±$95)	$1,755 (±$294)	+46.3%	No measurable change after inflation
Median household income	$103,074 (±$8,336)	$116,250 (±$9,144)	+12.8%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Lakeland

Nearest places with a published estimate, compared with Lakeland
Place	Distance	Households that rent	Compared with this place
Lakeland	—	20.8% (±6.1 points)	—
Arlington	3.7 mi	15.3% (±4.5 points)	Not measurably different
Bartlett	5.7 mi	14.4% (±2.6 points)	Not measurably different
Gallaway	7.7 mi	60.6% (±15.8 points)	Higher
Oakland	11 mi	13.0% (±3.9 points)	Lower
Millington	11 mi	42.2% (±6.5 points)	Higher
Braden	11 mi	16.4% (±11.0 points)	Not measurably different
Atoka	12 mi	14.9% (±4.9 points)	Not measurably different
Germantown	13 mi	13.3% (±2.4 points)	Lower

Nearby places with a measurably lower figure: Oakland, TN (13.0%), Germantown, TN (13.3%).

Nearby places with a measurably higher figure: Gallaway, TN (60.6%), Millington, TN (42.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Shelby County, place by place

Rank	Place	Households that rent
1	Memphis	55.1% (±0.8 points)
2	Millington	42.2% (±6.5 points)
3	Lakeland	20.8% (±6.1 points)
4	Collierville	20.1% (±2.6 points)
5	Arlington	15.3% (±4.5 points)
6	Bartlett	14.4% (±2.6 points)
7	Germantown	13.3% (±2.4 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lakeland

How many renters are there in Lakeland?

Lakeland has an estimated 1,104 (±349) renting households, 20.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lakeland?

In Lakeland, the share of households that rent went from 11.9% in 2015–2019 to 20.8% in 2020–2024 (+8.9 percentage points), a measurable increase.

How big are renting households in Lakeland?

A renting household in Lakeland has 2.6 people on average, against 2.7 in an owned home.

How much do renters earn in Lakeland?

The median renting household in Lakeland, TN has an income of $68,690 (±$61,689) a year, against $126,583 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lakeland city, Tennessee (place:40350, in state:47).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.