ZIP 38002 · Lakeland, Tennessee

Population

43,882 people call ZIP 38002 home.

43,882

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 34% since the 2010–2014 survey, before inflation.

$1,753

a month. Tennessee's median is $1,189.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,093–$1,640

is the monthly rent range local workforce wages support.

• $1,753 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

41% of the housing here was built before 2000.

• 41% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.2–0.5% to the 15,690 homes here.

30–78

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 39% more than Tennessee's.

$399,300

median home value in ZIP 38002.

• $399,300 ZIP 38002
• $286,700 Tennessee
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year