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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

    $355,364

    AVERAGE PRICE OF 72 HOMES

    $422,581

    AVERAGE PRICE OF 9 NEWLY BUILT HOMES

    $396,445

    AVERAGE PRICE OF 22 HOMES WITH A POOL

    $371,653

    AVERAGE PRICE OF 26 REDUCED PRICE HOMES

    Average Home

    Average Price $355,364
    Avg Bedrooms 4 beds
    Avg Bathrooms 2.85 baths

    Average Price by Bedrooms

    2 bedrooms $149,750
    3 bedrooms $216,323
    4 bedrooms $372,979
    5 bedrooms $439,644
    Lakeland Home Price Trends
      8/2018 7/2018 6/2018 5/2018 4/2018
    Total Listings 80 81 66 63 n/a
    Average Price $367,028 $385,439 $392,421 $400,594 n/a
    Avg Price Change -5.02% -1.81% -2.08% n/a n/a
    Median Price $373,059 $377,519 $384,082 $391,863 n/a
    Med Price Change -1.20% -1.74% -2.03% n/a n/a
    Avg Bedrooms 4.07 beds 4.13 beds 4.16 beds 4.13 beds n/a
    Avg Bathrooms 3.03 baths 3.08 baths 3.05 baths 3.02 baths n/a
    Total Homes Average Price Avg Days on Site
    All Homes 72 $355,364 69 days
    Newly Built Homes 9 $422,581 142 days
    Homes with a Pool 22 $396,445 55 days
    Reduced Price Homes 26 $371,653 77 days