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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

    $381,806

    AVERAGE PRICE OF 67 HOMES

    $427,216

    AVERAGE PRICE OF 6 NEWLY BUILT HOMES

    $485,784

    AVERAGE PRICE OF 19 HOMES WITH A POOL

    $391,871

    AVERAGE PRICE OF 14 REDUCED PRICE HOMES

    Average Home

    Average Price $381,806
    Avg Bedrooms 4 beds
    Avg Bathrooms 2.93 baths

    Average Price by Bedrooms

    1 bedroom n/a
    2 bedrooms n/a
    3 bedrooms $253,507
    4 bedrooms $374,982
    5 bedrooms $488,200
    Lakeland Home Price Trends
      3/2018 2/2018 1/2018 12/2017 11/2017
    Total Listings 58 58 65 75 83
    Average Price $405,357 $414,476 $302,845 $294,661 $374,592
    Avg Price Change -2.25% +36.86% +2.78% -27.13% -2.46%
    Median Price $389,298 $406,019 $297,901 $292,360 $365,473
    Med Price Change -4.30% +36.29% +1.90% -25.01% -2.47%
    Avg Bedrooms 4 beds 4 beds 3.5 beds 3.5 beds 4 beds
    Avg Bathrooms 3.1 baths 3.14 baths 3.05 baths 3.01 baths 2.97 baths
    Total Homes Average Price Avg Days on Market
    All Homes 67 $381,806 67 days
    Newly Built Homes 6 $427,216 121 days
    Homes with a Pool 19 $485,784 77 days
    Reduced Price Homes 14 $391,871 94 days