HomeTennesseeShelby CountyLakeland
Lakeland, Tennessee: commercial real estate data.
Lakeland is a Census city of 14,192 people across 23.51 square miles of land, in Shelby County. Median household income is $116,250, 79.2 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lakeland
What Lakeland is
- Census place typecity
- Land area23.51 sq mi
- Water area0.42 sq mi
- Population per square mile of land604
- County holding the largest share of its areaShelby County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
How many people live in Lakeland
- Population14,192
- Median age41.0
- Population under 183,888
- Share under 1827.4 percent
- Population 65 and over2,370
- Share 65 and over16.7 percent
- Households5,313
- Family households3,939
- Share of households that are families74.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
Income and work in Lakeland
- Median household income$116,250
- Per capita income$56,035
- Civilian labor force6,881
- Employed6,687
- Unemployed194 plus or minus 112
- Unemployment rate2.8 percent plus or minus 1.6
- Adults 25 and over9,272
- Adults 25 and over with a high school diploma or higher96.9 percent
- Adults 25 and over with a bachelor degree or higher53.1 percent
- Adults 25 and over with a graduate degree20.3 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
Housing in Lakeland
- Housing units5,519
- Occupied units5,313
- Vacant units206 plus or minus 173
- Vacancy rate3.7 percent plus or minus 3.1
- Owner occupied4,209
- Renter occupied1,104 plus or minus 349
- Ownership rate79.2 percent
- Median owner-occupied home value$388,900
- Median gross rent, monthly$1,755
- Annual rent as a share of median income18.1 percent
- Single family units4,652
- Share single family84.3 percent
- Units in buildings of two or more696 plus or minus 356
- Share in buildings of two or more12.6 percent plus or minus 6.4
- Mobile homes99 plus or minus 108
- Median year structure built2000
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
How Lakeland gets to work
- Workers 16 and over who commute5,631
- Commuting under 15 minutes699 plus or minus 221
- Share commuting under 15 minutes12.4 percent plus or minus 3.8
- Commuting 30 minutes or more2,145
- Share commuting 30 minutes or more38.1 percent
- Drove alone80.1 percent
- Carpooled4.9 percent plus or minus 2.4
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home15.0 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
SBA loans in Lakeland (7(a))
- Approvals10
- Gross approval$2,639,700
- Average approval$263,970
- Median approval$111,350
- Largest approval$927,000
- Jobs supported121
- Jobs per approval12.1
- Loans with a final outcome2
- Paid in full0
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises10.0 percent
- Distinct lenders7
- Distinct industries by NAICS9
Counted by borrower city: approvals to borrowers whose address is in Lakeland, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lakeland
Flood risk in Lakeland
- NFIP communityCity of Lakeland
- NFIP community number470402
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/06/13
The City of Lakeland participates in the National Flood Insurance Program as community 470402 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Shelby County, not Lakeland
Shelby County context, not Lakeland figures
- Establishments in Shelby County19,359
- Covered employment, Shelby County482,470
- Average annual pay, Shelby County$71,518
- Housing units permitted, Shelby County2,061
Every figure in this section is published for Shelby County as a whole and is not a measurement of Lakeland.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Lakeland questions, answered from the record.
How many people live in Lakeland, Tennessee?
14,192, in 5,313 households. Lakeland city covers 23.51 square miles of land, which is 604 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lakeland in?
Shelby County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lakeland?
$116,250. The median owner-occupied home is valued at $388,900. Median gross rent is $1,755 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lakeland businesses?
10 7(a) approvals totaling $2.6 m since FY2020, across 7 lenders, median approval $111,350. These count approvals to borrowers whose address is in Lakeland, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lakeland borrowers get paid back?
No rate is published for Lakeland. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Lakeland in the National Flood Insurance Program?
Yes. Lakeland appears in the FEMA Community Status Book as Lakeland, city of, community 470402, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lakeland figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Shelby County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lakeland.
Is zoning published for Lakeland?
No. Nothing on this page presents parcel level zoning.
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