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City · 12,236 residents · Riverside County, California

Lakeland Village , California

In Lakeland Village, a typical home is worth $463,500 and typical rent is $1,858 a month. Compared with all of Riverside County, the typical home value is 17% lower and typical household income is 8% lower.

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  • Typical home value

    $463,500

    17% below the county

    37% below California

    • Lakeland Village
    • Riverside
    • California

  • Typical rent

    $1,858a month

    2% below the county

    9% below California

    • Lakeland Village
    • Riverside
    • California

  • Typical household income

    $85,748a year

    8% below the county

    13% below California

    • Lakeland Village
    • Riverside
    • California

  • Households that own their home

    68%

    1 points below the county

    12 points above California

    • Lakeland Village
    • Riverside
    • California

Source: U.S. Census Bureau, Average 2020–2024

Lakeland Village is in Riverside County. The FHA loan limit ($690,000 for a one-unit home), the fair market rents and the help on this page are those of all of Riverside County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lakeland Village apart

What this place has that others do not, from public data, most unusual first.

  1. Lakeland Village has the 33rd largest share of rent-burdened renters of the 616 cities in California with more than 5,000 people (70%).

  2. Nearby, in Good Hope, the typical rent is $1,528: 18% less than in Lakeland Village ($1,858).

  3. Nearby, in Good Hope, the typical home value is $391,700: 15% less than in Lakeland Village ($463,500).

  4. The typical home in Lakeland Village is worth $463,500, 17% less than in Riverside County as a whole ($557,300).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lakeland Village

What homes there are in Lakeland Village, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 82% of homes here, against 69% in Riverside County.

Year built

Homes in Lakeland Village are older: the typical year built is 1982; in Riverside County, 1990.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,166 a month

Riverside County: $2,583 a month

Without a mortgage

$705 a month

Riverside County: $781 a month

Owners with a mortgage

74%

Riverside County: 69%

The typical cost for an owner with a mortgage in Lakeland Village is $2,166 a month, less than in Riverside County ($2,583); without one, $705.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Lakeland Village rose at about the same pace as in Riverside County: 58% against 59%.

Since 2015–2019, the typical rent in Lakeland Village rose 31%, less than in Riverside County (38%).

Here income gained ground: typical income rose 62%, against +58% for home values and +31% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLakeland VillageRiverside CountyCaliforniaUnited States
Rental vacancy Unreliable estimate5.0%4.2%5.5%
Homeowner vacancy Unreliable estimate1.0%0.8%0.9%
More than one person per room 17.6%7.8%8.2%3.4%
People per household 3.413.152.842.53
Drive alone 78%73%66%69%
Carpool 11%11%10%9%
Public transit Unreliable estimate1%3%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 10%12%17%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More households are short on space in Lakeland Village: 17.6% have more than one person per room; in Riverside County, 7.8%.

On average, a household in Lakeland Village has 3.41 people, more than in Riverside County (3.15).

To get to work, 78% of workers in Lakeland Village drive alone; in Riverside County, 73%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lakeland Village?

A typical home costs more than the typical income allows

We start with a typical home in Lakeland Village, worth $463,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income in Lakeland Village, which is $85,748 a year. For that payment to be 28% of income, a household would need to earn about $160,615 a year.

The calculator's FHA and conventional loan limits are those of all of Riverside County.

Your numbers

Local data
$

Starts at the typical home value in Lakeland Village. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,223 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,748

at 7.18% · 30 years

Loan amount
$455,104
Total interest
$654,788
Paid off in
November 2056

Includes $7,827 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,001 a month

  • Tight

    $2,001 to $2,572 a month

  • Hard

    more than $2,572 a month

    Your payment · 52%

Compared with the typical household income in Lakeland Village ($85,748 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,748
Principal & interest$3,083
Property tax$267
Home insurance$193
FHA mortgage insurance (MIP)$205

You need at least $16,223 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lakeland Village and Riverside County

Lakeland Village is in Riverside County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lakeland Village's own numbers

Typical home value
$463,500
Typical monthly rent
$1,858
Typical yearly household income
$85,748
Households that own their home
68%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Riverside County

FHA limit, one-unit home
$690,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,103
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
1.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Riverside County.

Everything about Riverside County

Buying

Buying a home in Lakeland Village

A typical home in Lakeland Village is worth $463,500: 17% below the county and 37% below California. With the typical household income in Lakeland Village ($85,748 a year), a typical home costs 5.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lakeland Village 5.4 years
  • Riverside 6.0 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Riverside County

According to FHFA’s house price index, home prices in Riverside County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Riverside County.

Period County California U.S.
Last year (2025) +1.3% +0.8% +2.9%
5 years (2020–2025) +54% +40% +47%
10 years (2015–2025) +105% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lakeland Village next to Riverside County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lakeland Village $463,500
  • Riverside $557,300
  • California $734,700
  • United States $332,700
Typical monthly rent
  • Lakeland Village $1,858
  • Riverside $1,901
  • California $2,036
  • United States $1,413
Typical yearly household income
  • Lakeland Village $85,748
  • Riverside $93,074
  • California $99,122
  • United States $80,734
See the full table
Lakeland Village next to Riverside County and California
Measure Lakeland Village Riverside County California U.S.
Typical home value $463,500 $557,300 $734,700 $332,700
Typical monthly rent $1,858 $1,901 $2,036 $1,413
Typical yearly household income $85,748 $93,074 $99,122 $80,734
Households that own their home 68% 69% 56% 65%
Typical yearly property tax $3,195 $4,348 $5,124 $3,119
Effective property tax rate 0.69% 0.78% 0.7% 0.94%
Renters with high rent for their income 70% 59% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Riverside County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lakeland Village

For a typical $463,500 home in Lakeland Village, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lakeland Village's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,748a month

    Least cash to close
    Down payment
    $16,223
    Cash to close
    $30,128
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $205

  • Conventional, 5% down $3,663a month

    Down payment
    $23,175
    Cash to close
    $37,080
    Rate
    7.18%
    Mortgage insurance
    PMI · $220

  • Conventional, 20% down, no PMI $2,972a month

    Down payment
    $92,700
    Cash to close
    $106,605
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,400a month

    Down payment
    $69,525
    Cash to close
    $83,430
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lakeland Village and for Riverside County.

Property tax

Effective rate in Lakeland Village

0.69%of the home’s value each year

$3,195 a year for the typical owner in Lakeland Village.

  • Lakeland Village 0.69%
  • Riverside 0.78%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in Riverside County

FEMA does not publish these numbers by city: they are for all of Riverside County.

Homes in the high-risk zone
1.9%
14,072
Of those, with NFIP insurance
16%
County California U.S.
Homes in the high-risk zone 1.9% 2.8% 3.5%
Of those, with NFIP insurance 16% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lakeland Village

Typical rent in Lakeland Village is $1,858 a month: 2% below the county. In Lakeland Village, 70% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Riverside County, by unit size. To pay the 2-bedroom one ($2,103 a month) without spending more than 30% of your income, you would need to earn $40.44 an hour working full time.

HUD fair market rent for all of Riverside County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,605 $30.87 $64,200
1 bedroom $1,705 $32.79 $68,200
2 bedrooms $2,103 $40.44 $84,120
3 bedrooms $2,771 $53.29 $110,840
4 bedrooms $3,336 $64.15 $133,440

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lakeland Village

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lakeland Village is in ZIP code 92530.

For 2 bedrooms it is $2,920: $817 more than the fair market rent for Riverside County ($2,103).

  • 92530 $2,920$3,960

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lakeland Village when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Lakeland Village

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 9 HUD-approved agencies with an office in Riverside County; 7 say they serve in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Lakeland Village

No down payment, repair or rent-help program on our list is for Lakeland Village or Riverside County. The ones below are statewide in California: they work in Lakeland Village the same as in the rest of the state.

Which programs do I qualify for? All programs in California

  • MyHome Assistance Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California. Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

  • California Dream For All Shared Appreciation Loan

    Statewide in California

    Closed, per the source

    CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation. Offered by California Housing Finance Agency (CalHFA).

    Shared appreciation

    See the program Official page

  • MyAccess Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional). Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

Housing counselors near Lakeland Village

The HUD-approved agencies closest to the center of Lakeland Village, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Fair Housing Council of Riverside County, Inc.- Moreno Valley

    23890 Alessandro Blvd Ste A1, Moreno Valley · 20 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 4 more
    (951) 653-8314

  • USA Homeownership Foundation DBA Veterans Association of Real Estate Professional

    495 E Rincon St Ste 110, Corona · 20 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (888) 273-7267

  • Affordable Housing Clearinghouse

    23201 Lake Center Dr Ste 203, Lake Forest · 20 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (949) 859-9255

Every agency in Riverside County All counseling agencies in California

Help in Spanish near Lakeland Village

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lakeland Village

HUD’s record names them for Lakeland Village or Riverside County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Riverside Section 8 vouchers (951) 351-0700

All housing agencies in California Source: HUD

Cities

Other cities in Riverside County

These cities are also in Riverside County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Riverside County Housing in California
See 35 more cities in Riverside County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lakeland Village, with the typical home value.

Neighboring counties

If Riverside County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lakeland Village.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Lakeland Village

Short answers with the numbers for Lakeland Village and all of Riverside County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lakeland Village?

The typical home value in Lakeland Village is $463,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Riverside County it is $557,300.

How much does it cost to rent in Lakeland Village?

Typical rent in Lakeland Village is $1,858 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Riverside County is $2,103.

What is the FHA loan limit in Lakeland Village?

Lakeland Village uses the FHA limit for all of Riverside County (2026): $690,000 for a one-unit home and $1,326,950 for a four-unit home.

How much property tax do owners pay in Lakeland Village?

The typical homeowner in Lakeland Village pays $3,195 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Riverside County, the rate is 0.78%.

Where can I find free help to buy or rent in Lakeland Village?

There are 9 HUD-approved counseling agencies with an office in Riverside County. 7 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).