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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

    $384,674

    AVERAGE PRICE OF 53 HOMES

    $422,716

    AVERAGE PRICE OF 8 NEWLY BUILT HOMES

    $446,699

    AVERAGE PRICE OF 14 HOMES WITH A POOL

    $344,652

    AVERAGE PRICE OF 17 REDUCED PRICE HOMES

    Average Home

    Average Price $384,674
    Avg Bedrooms 4.08 beds
    Avg Bathrooms 3 baths

    Average Price by Bedrooms

    2 bedrooms $137,250
    3 bedrooms $256,279
    4 bedrooms $358,282
    5 bedrooms $520,415
    Lakeland Home Price Trends
      10/2018 9/2018 8/2018 7/2018 6/2018
    Total Listings 65 75 80 81 66
    Average Price $392,481 $363,548 $367,028 $385,439 $392,421
    Avg Price Change +7.96% -0.96% -5.02% -1.81% -2.08%
    Median Price $373,216 $368,274 $373,059 $377,519 $384,082
    Med Price Change +1.34% -1.30% -1.20% -1.74% -2.03%
    Avg Bedrooms 4.08 beds 4.04 beds 4.07 beds 4.13 beds 4.16 beds
    Avg Bathrooms 2.98 baths 2.92 baths 3.03 baths 3.08 baths 3.05 baths
    Total Homes Average Price Avg Days on Site
    All Homes 53 $384,674 85 days
    Newly Built Homes 8 $422,716 145 days
    Homes with a Pool 14 $446,699 79 days
    Reduced Price Homes 17 $344,652 86 days
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