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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

$391,974

AVERAGE PRICE OF 91 HOMES

$491,305

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$457,930

AVERAGE PRICE OF 28 HOMES WITH A POOL

$353,333

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $391,974
Avg Bedrooms 3.64 beds
Avg Bathrooms 3.57 baths

Average Price by Bedrooms

2 bedrooms $154,950
3 bedrooms $293,174
4 bedrooms $386,475
5 bedrooms $471,855
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 $391,974 36 days
Newly Built Homes 18 $491,305 97 days
Homes with a Pool 28 $457,930 17 days
Reduced Price Homes 3 $353,333 105 days

School Data

Highly Rated Lakeland Schools

10

LAKELAND ELEMENTARY SCHOOL
Elementary School
Public

8

ARLINGTON HIGH SCHOOL
High School
Public