Why Live in Lakeland
Lakeland is a growing community with a rich history rooted in entertainment, once home to the Lakeland Amusement Park. Today, it features modern homes, many of which are located near the 240-acre Garner Lake, offering private recreation amenities such as boating, swimming, and fishing. The neighborhood includes subdivisions like Lakeland Estates and Windward Slopes, with homes dating from the 1970s to early 2000s, and newer developments like Herons Ridge and Oakwood Grove. Lakeland's homes are known for their individuality and spacious designs, averaging around 2,700 square feet. The area is safer than the national average, with a significant decrease in crime rates recently. Local attractions include International Harvester Managerial Park, which hosts summer concerts and movie nights at "The LAMP" Amphitheatre, and the public Lakeland Golf Club with its 18-hole course. The Lakeland School System is highly rated, drawing families to the area. Interstate 40 provides easy access to Memphis, 20 miles west, and Nashville, roughly 190 miles east. Nearby amenities include the Wolfchase Galleria mall, 2 miles away in Memphis. The upcoming BlueOval City, 26 miles away in Stanton, is expected to boost the local job market significantly.
Home Trends in Lakeland, TN
On average, homes in Lakeland, TN sell after 67 days on the market compared to the national average of 50 days. The median sale price for homes in Lakeland, TN over the last 12 months is $475,000, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$475,000
Median Single Family Sale Price
$495,000
Median 2 Bedroom Sale Price
$174,900
Average Price Per Sq Ft
$169
Number of Homes for Sale
74
Last 12 months Home Sales
208
Median List Price
$503,335
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-4%