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Lakeland

Why you'd want to live in Lakeland

Located in scenic western Tennessee, Lakeland's low development and natural terrain fosters a sense of country living that is rapidly disappearing in other Shelby County communities and nearby Memphis. A number of lakes, ponds, streams, parks, and other recreational opportunities improve the quality of life for our residents, including a 65-acre park with open space, "The LAMP" Amphitheater, walking/hiking trails, and a lake for fishing. Although Lakeland’s $226,800 median home value in 2014 is high for Tennessee, living there comes with sizeable benefits. The city of 13,000 was one of only four communities in to receive a perfect 10 from GreatSchools. Lakeland also earned risk rating of “most safe,” and its 15-year income growth rate of 69.8% was second-highest in survey. The northeast Memphis suburb is home to the 235-acre Garner Lake, with its many recreational opportunities. via City of Lakeland

lakeland

Lakeland Market Report

$404,459

AVERAGE PRICE OF 81 HOMES

$467,533

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$501,881

AVERAGE PRICE OF 11 HOMES WITH A POOL

Average Home

Average Price $404,459
Avg Bedrooms 4.01 beds
Avg Bathrooms 2.89 baths

Average Price by Bedrooms

2 bedrooms $92,000
3 bedrooms $264,900
4 bedrooms $409,650
5 bedrooms $522,808
Lakeland Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 88 74 71 75 70
Average Price $404,790 $425,103 $434,603 $426,143 $434,178
Avg Price Change -5.02% -2.23% +1.99% -1.89% +1.30%
Median Price $410,851 $441,171 $450,762 $448,314 $443,537
Med Price Change -7.38% -2.17% +0.55% +1.08% +2.73%
Avg Bedrooms 4.08 beds 4.16 beds 4.18 beds 4.12 beds 4.18 beds
Avg Bathrooms 2.94 baths 3.06 baths 3.16 baths 3.09 baths 3.15 baths
Total Homes Average Price Avg Days on Site
All Homes 81 $404,459 87 days
Newly Built Homes 31 $467,533 154 days
Homes with a Pool 11 $501,881 64 days