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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 Market Report







Average Home

Average Price $500,197
Avg Bedrooms 4.12 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

2 bedrooms $185,000
3 bedrooms $308,482
4 bedrooms $538,647
5 bedrooms $524,654
Lakeland Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 85 83 66 67 63
Average Price $484,464 $471,403 $462,503 $463,413 $452,845
Avg Price Change +2.77% +1.92% -0.20% +2.33% -5.58%
Median Price $502,097 $486,911 $468,796 $463,711 $465,385
Med Price Change +3.12% +3.86% +1.10% -0.36% -6.91%
Avg Bedrooms 4.15 beds 4.09 beds 4.02 beds 4.08 beds 4.09 beds
Avg Bathrooms 3.07 baths 3.01 baths 2.93 baths 2.94 baths 2.93 baths
Total Homes Average Price Avg Days on Site
All Homes 78 $500,197 83 days
Newly Built Homes 46 $546,097 100 days
Homes with a Pool 24 $497,440 85 days
Copyright © 2021 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited. This listing was refreshed on September 16, 2021
All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Copyright 2021 RealTracs Solutions. Listing information last updated on September 16, 2021.
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