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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

    $435,948

    AVERAGE PRICE OF 42 HOMES

    $485,611

    AVERAGE PRICE OF 13 NEWLY BUILT HOMES

    $535,100

    AVERAGE PRICE OF 9 HOMES WITH A POOL

    $599,500

    AVERAGE PRICE OF 1 REDUCED PRICE HOMES

    Average Home

    Average Price $435,948
    Avg Bedrooms 4.24 beds
    Avg Bathrooms 3.18 baths

    Average Price by Bedrooms

    2 bedrooms $75,000
    3 bedrooms $269,114
    4 bedrooms $369,368
    5 bedrooms $577,420
    Lakeland Home Price Trends
      12/2018 11/2018 10/2018 9/2018 8/2018
    Total Listings 45 54 65 75 80
    Average Price $399,260 $393,539 $392,481 $363,548 $367,028
    Avg Price Change +1.45% +0.27% +7.96% -0.96% -5.02%
    Median Price $368,098 $358,964 $373,216 $368,274 $373,059
    Med Price Change +2.54% -3.97% +1.34% -1.30% -1.20%
    Avg Bedrooms 4.15 beds 4.1 beds 4.08 beds 4.04 beds 4.07 beds
    Avg Bathrooms 2.98 baths 3.01 baths 2.98 baths 2.92 baths 3.03 baths
    Total Homes Average Price Avg Days on Site
    All Homes 42 $435,948 97 days
    Newly Built Homes 13 $485,611 127 days
    Homes with a Pool 9 $535,100 39 days
    Reduced Price Homes 1 $599,500 69 days
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