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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

    $406,212

    AVERAGE PRICE OF 79 HOMES

    $473,420

    AVERAGE PRICE OF 22 NEWLY BUILT HOMES

    $476,118

    AVERAGE PRICE OF 19 HOMES WITH A POOL

    $394,933

    AVERAGE PRICE OF 3 REDUCED PRICE HOMES

    Average Home

    Average Price $406,212
    Avg Bedrooms 4.25 beds
    Avg Bathrooms 3.16 baths

    Average Price by Bedrooms

    3 bedrooms $204,821
    4 bedrooms $410,747
    5 bedrooms $489,705
    Lakeland Home Price Trends
      6/2019 5/2019 4/2019 3/2019 2/2019
    Total Listings 87 87 76 62 44
    Average Price $389,206 $391,432 $391,321 $391,163 $423,986
    Avg Price Change -0.57% +0.03% +0.04% -8.39% -1.05%
    Median Price $400,850 $401,746 $390,919 $389,996 $425,286
    Med Price Change -0.22% +2.77% +0.24% -9.05% +2.16%
    Avg Bedrooms 4.22 beds 4.26 beds 4.26 beds 4.18 beds 4.24 beds
    Avg Bathrooms 3.09 baths 3.12 baths 3.06 baths 3.03 baths 3.16 baths
    Total Homes Average Price Avg Days on Site
    All Homes 79 $406,212 76 days
    Newly Built Homes 22 $473,420 98 days
    Homes with a Pool 19 $476,118 38 days
    Reduced Price Homes 3 $394,933 305 days