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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

    $394,168

    AVERAGE PRICE OF 91 HOMES

    $491,305

    AVERAGE PRICE OF 18 NEWLY BUILT HOMES

    $462,009

    AVERAGE PRICE OF 26 HOMES WITH A POOL

    $448,475

    AVERAGE PRICE OF 4 REDUCED PRICE HOMES

    Average Home

    Average Price $394,168
    Avg Bedrooms 3.63 beds
    Avg Bathrooms 3.57 baths

    Average Price by Bedrooms

    2 bedrooms $154,950
    3 bedrooms $294,065
    4 bedrooms $389,938
    5 bedrooms $479,128
    Lakeland Home Price Trends
      4/2019 3/2019 2/2019 1/2019 12/2018
    Total Listings 76 62 44 40 45
    Average Price $391,321 $391,163 $423,986 $428,433 $399,260
    Avg Price Change +0.04% -8.39% -1.05% +7.31% +1.45%
    Median Price $390,919 $389,996 $425,286 $416,313 $368,098
    Med Price Change +0.24% -9.05% +2.16% +13.10% +2.54%
    Avg Bedrooms 4.26 beds 4.18 beds 4.24 beds 4.21 beds 4.15 beds
    Avg Bathrooms 3.06 baths 3.03 baths 3.16 baths 3.11 baths 2.98 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Arlington High School 1 $395,000 4 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 91 $394,168 34 days
    Newly Built Homes 18 $491,305 92 days
    Homes with a Pool 26 $462,009 16 days
    Reduced Price Homes 4 $448,475 224 days

    School Data

    Highly Rated Lakeland Schools

    10

    LAKELAND ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    ARLINGTON HIGH SCHOOL
    High School
    Public