Lakeland is home to a big sports scene, with teams for basketball, baseball, soccer, and football. The city also offers no shortage of activities and entertainment options, making Lakeland a truly great place to reside in or visit.
Although most of the residents in Lakeland own their homes, there is still a significant portion of the population that rents their homes. Specifically, 55% of the population own their homes and 45% rent. For a lot of people, renting is a much cheaper option than investing in a property, especially when they intend to move out in a few years anyway. Lakeland is also a popular tourist destination, welcoming visitors from all over the globe.
The median rent price in Lakeland sits at $968. On average, studio apartments tend to rent for $740, 1-bedroom apartments rent for $885, 2-bedroom apartments rent for $1,050, 3-bedroom apartments rent for $1,482, and 4-bedroom apartments rent for $1,740. There are 40,938 properties in the city, about 48.4% of which are single-family homes and 20.7% of which are apartment complexes.
With a thriving rental market, Lakeland has become a favorite among property investors. But, Lakeland property management takes plenty of time and effort. For this reason, most rental property owners seek the help of professional property management companies. With a certified property manager taking care of your rental property, you can expect better management and full compliance with the law.
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