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Linita Stewart
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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

$391,016

AVERAGE PRICE OF 65 HOMES

$419,554

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$418,667

AVERAGE PRICE OF 17 HOMES WITH A POOL

$353,552

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $391,016
Avg Bedrooms 4.08 beds
Avg Bathrooms 2.99 baths

Average Price by Bedrooms

2 bedrooms $149,750
3 bedrooms $237,233
4 bedrooms $372,898
5 bedrooms $530,786
Lakeland Home Price Trends
  9/2018 8/2018 7/2018 6/2018 5/2018
Total Listings 75 80 81 66 63
Average Price $363,548 $367,028 $385,439 $392,421 $400,594
Avg Price Change -0.96% -5.02% -1.81% -2.08% n/a
Median Price $368,274 $373,059 $377,519 $384,082 $391,863
Med Price Change -1.30% -1.20% -1.74% -2.03% n/a
Avg Bedrooms 4.04 beds 4.07 beds 4.13 beds 4.16 beds 4.13 beds
Avg Bathrooms 2.92 baths 3.03 baths 3.08 baths 3.05 baths 3.02 baths
Total Homes Average Price Avg Days on Site
All Homes 65 $391,016 73 days
Newly Built Homes 8 $419,554 130 days
Homes with a Pool 17 $418,667 65 days
Reduced Price Homes 22 $353,552 86 days