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Lakeland city, GA

ZIP 31635 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31635

Median Home Value
$168,900
Median Rent
$585
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,085/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 31635 in Lakeland city, GA, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,085. That is roughly in line with the local median household income ($43,815). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
68.8%+5% vs US avg
x
Vacancy Rate
20.4%+98% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
23.6%-52% vs US avg
x
Mortgage-Free
42.3%+11% vs US avg
x
$168,900
Home Value
$585
Rent
1992
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.5%
  • 1-unit attached0.0%
  • 2-9 units2.5%
  • 10+ units0.4%
  • Mobile home & other28.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$168,900
Median rent$585
Owner-occupied68.8%
Vacant20.4%
Price-to-income3.9x
Est. income to buy$46,000