Why Live in Lakeland
Lakeland, Tennessee, a community of 14,000, has evolved from its origins as Lakeland Amusement Park into a residential area with a mix of mid-20th century and modern homes. Garner Lake, once the centerpiece of the amusement park, now serves as a private recreational area for residents, with homes featuring docks for boating, swimming, and fishing. The city is known for its spacious homes, many of which are located in subdivisions like Lakeland Estates and Windward Slopes. Recent developments such as Herons Ridge and Oakwood Grove offer newer constructions. Lakeland's attractions include the 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, highly rated and expanding, is a significant draw for families. The city is strategically located with Interstate 40 providing easy access to Memphis, 20 miles west, and Nashville, roughly 190 miles east. The Shelby County Sheriff's Office reports a decrease in crime rates, making Lakeland safer than the national average. Commercial growth is evident in mixed-use areas like Lakeland Town Square and The Lake District, while major shopping and dining options are available nearby at Wolfchase Galleria mall. The upcoming BlueOval City, 26 miles away, is expected to boost the local job market significantly.
Home Trends in Lakeland, TN
On average, homes in Lakeland, TN sell after 75 days on the market compared to the national average of 51 days. The median sale price for homes in Lakeland, TN over the last 12 months is $453,500, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$453,500
Median Single Family Sale Price
$480,000
Average Price Per Sq Ft
$170
Number of Homes for Sale
67
Last 12 months Home Sales
209
Median List Price
$499,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-9%