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David Anthony
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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

$393,172

AVERAGE PRICE OF 83 HOMES

$465,325

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$451,262

AVERAGE PRICE OF 16 HOMES WITH A POOL

$554,900

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $393,172
Avg Bedrooms 4.19 beds
Avg Bathrooms 3.06 baths

Average Price by Bedrooms

3 bedrooms $228,505
4 bedrooms $411,698
5 bedrooms $466,652
Lakeland Home Price Trends
  7/2019 6/2019 5/2019 4/2019 3/2019
Total Listings n/a 87 87 76 62
Average Price n/a $389,206 $391,432 $391,321 $391,163
Avg Price Change n/a -0.57% +0.03% +0.04% -8.39%
Median Price n/a $400,850 $401,746 $390,919 $389,996
Med Price Change n/a -0.22% +2.77% +0.24% -9.05%
Avg Bedrooms n/a 4.22 beds 4.26 beds 4.26 beds 4.18 beds
Avg Bathrooms n/a 3.09 baths 3.12 baths 3.06 baths 3.03 baths
Total Homes Average Price Avg Days on Site
All Homes 83 $393,172 81 days
Newly Built Homes 26 $465,325 93 days
Homes with a Pool 16 $451,262 56 days
Reduced Price Homes 2 $554,900 129 days