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Steven Whitney
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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

$352,818

AVERAGE PRICE OF 73 HOMES

$422,581

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$396,422

AVERAGE PRICE OF 22 HOMES WITH A POOL

$365,829

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $352,818
Avg Bedrooms 3.99 beds
Avg Bathrooms 2.84 baths

Average Price by Bedrooms

2 bedrooms $149,750
3 bedrooms $214,027
4 bedrooms $372,817
5 bedrooms $439,644
Lakeland Home Price Trends
  8/2018 7/2018 6/2018 5/2018 4/2018
Total Listings 80 81 66 63 n/a
Average Price $367,028 $385,439 $392,421 $400,594 n/a
Avg Price Change -5.02% -1.81% -2.08% n/a n/a
Median Price $373,059 $377,519 $384,082 $391,863 n/a
Med Price Change -1.20% -1.74% -2.03% n/a n/a
Avg Bedrooms 4.07 beds 4.13 beds 4.16 beds 4.13 beds n/a
Avg Bathrooms 3.03 baths 3.08 baths 3.05 baths 3.02 baths n/a
Total Homes Average Price Avg Days on Site
All Homes 73 $352,818 71 days
Newly Built Homes 9 $422,581 145 days
Homes with a Pool 22 $396,422 58 days
Reduced Price Homes 27 $365,829 77 days