Similar to other places in this area, it is substantially more expensive compared to the US as a whole. However compared to the city of Seattle, it's significantly less expensive.
Home prices
The median home value in Lakeland South is $324,400. In comparison to the surrounding areas this is about $9,280 (2%) higher.It is roughly $106,900 (49%) higher compared to the entire nation, and in comparison to the city of Seattle is approximately $338,700 (51%) lower.
Rents
The median monthly rent in Lakeland South is $1,591. It is approximately $251 (18%) higher compared to nearby areas.In comparison to the United States as a whole it is about $529 (49%) higher, and compared to the city of Seattle it is about $23 (1%) lower.
Nearby places
Algona
Algona is Lakeland South's neighbor to the east. The housing prices there are a little less expensive. Algona's median home cost is $253,000, which is $71,400 (28%) lower than Lakeland South. Rents there are somewhat less expensive. In Algona the median rent is $1,215 per month, which works out to $376 (30%) lower than Lakeland South.
Pacific
Pacific is Lakeland South's neighbor to the southeast. Real estate prices there are a little less expensive. The cost of the median home in Pacific is $281,800, which comes out to $42,600 (15%) lower than Lakeland South. Its rents are a bit less expensive. The median rent in Pacific is $1,231 per month, which is $360 (29%) lower than Lakeland South.
Milton
Milton is Lakeland South's neighbor to the southwest. Housing prices there are somewhat less expensive. The value of the median home in Milton is $303,900, which works out to $20,500 (6%) lower than Lakeland South. Rents there are a little less expensive. The median monthly rent in Milton is $1,320, which works out to $271 (20%) lower than Lakeland South.
Federal Way
Federal Way is Lakeland South's neighbor to the northwest. Its real estate prices are similar. The value of the median home in Federal Way is $328,800, which comes out to $4,400 (1%) higher than Lakeland South. Rents there are a little less expensive. In Federal Way the median monthly rent is $1,334, which is $257 (19%) lower than Lakeland South.
Fife Heights
Fife Heights is about 2 miles southwest from Lakeland South. Its real estate prices are a bit more expensive. Fife Heights's median home price is $408,100, which comes out to $83,700 (20%) higher than Lakeland South. Its rents are pretty similar. In Fife Heights the median rent is $1,598 a month, which is very similar to Lakeland South.
