HomeTennesseeShelby CountyLakeland city
Lakeland city, Tennessee: commercial real estate data.
Lakeland city 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.
66 sourced place values · tier FULL · 7 sections · 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$172,700
- Ninetieth percentile approval$927,000
- 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
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Shelby County, not Lakeland
Shelby County context, not Lakeland figures
These are Shelby County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lakeland measurements.
- Establishments in Shelby County19,359
- Employment at those establishments, Shelby County446,048
- Covered employment, Shelby County482,470
- Average annual pay, Shelby County$71,518
- Average weekly wage, Shelby County$1,375
- Housing units permitted, Shelby County2,061
- Of those, single family, Shelby County642
- County product, 2024, Shelby County$88,404,225,000
- County product change over the prior year, Shelby County3.2 percent
- Average income of an arriving household, Shelby County$67,153
Every figure in this section is published for Shelby County as a whole and is not a measurement of Lakeland. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $2.6 m, across 7 lenders, median approval $172,700. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lakeland figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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