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Lakeland

Lakeland

Located in Shelby County

$187 Average Price per Sq Ft
6 Homes For Sale

A still-developing community rising from a past full of amusement

Entertainment is part of Lakeland’s core, not just because of its outdoor amphitheater and public golf course. The land that makes up this city was once part of Lakeland Amusement Park, a popular attraction in the 1960s and ’70s with ambitious goals of developing into the world’s largest playground. The park closed down in 1977, and residential development popped up in its place. Now a community of 14,000, Lakeland features spacious modern homes and continues steady but measured growth. “Lakeland’s just a hot area, so all of the neighborhoods are good,” says Lauren Cansler, a Realtor with Crye-Leike Real Estate Services and a longtime area resident. “If you see the 38002 [zip code], people normally jump on it.”

Lakeland is a quaint residential suburb on the eastern side of the Memphis metro area.
Lakeland is a quaint residential suburb on the eastern side of the Memphis metro area.
Lakeland is a quiet, relaxing town filled with natural beauty.
Lakeland is a quiet, relaxing town filled with natural beauty.
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Whether established or new, Lakeland homes come with character

The city was incorporated in 1977 in the wake of the amusement park’s closure. This results in most homes dating from the mid-20th century or more recently. The 240-acre, man-made Garner Lake was once the anchor of the amusement park, and one of the park’s signature draws was its sky ride, which carried passengers over the water. Today, the lake is a private recreation amenity for those who own one of the hundreds of homes by the water in subdivisions like Lakeland Estates and Windward Slopes. Many of these houses were constructed between the 1970s and early 2000s and sell for anywhere from $300,000 to $900,000. “I’ve been here since the ’60s and I actually own a house on the lake where one of the sky lifts landed. So, it’s really, really cool,” Cansler says. “I actually owned the property on the other side of the lake where the other side of the sky lift landed… What it has to offer is it’s very clean. The homeowner association’s very strict out here, so they don’t allow a lot of debris and big signs that make it look commercial.”

Recent construction in Lakeland is mainly located north and east of Garner Lake, in developments including Herons Ridge and Oakwood Grove. These homes go for $500,000 to $850,000. The median list price in town is $484,500, and the average square footage here is about 2,700 — both marks are significantly higher than in nearby Memphis. “Everything is individual, there’s not any cookie-cutter homes out here,” Cansler says.

Waterfront homes often feature docks and slips for Lakeland homeowners to tie up their boats.
Waterfront homes often feature docks and slips for Lakeland homeowners to tie up their boats.
Many of Lakeland's homes are large and sit atop spacious lots.
Many of Lakeland's homes are large and sit atop spacious lots.
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BlueOval is poised to boost the job sector

While Lakeland is mainly residential, the wider region provides jobs in healthcare, manufacturing, and transportation and warehousing. Saint Francis is one of the major players in the healthcare sector, including the 196-bed Saint Francis Hospital-Bartlett, 2 miles west of Lakeland. Neighboring the city, Memphis is home to headquarters for Fortune 500 companies, including FedEx, International Paper and AutoZone. A new Ford manufacturing complex 26 miles away in Stanton, called BlueOval City, is expected to begin producing electric trucks in 2027, bringing several thousand more jobs to the area.

BlueOval City is an expansive Ford plant under construction near Lakeland.
BlueOval City is an expansive Ford plant under construction near Lakeland.
FedEx is a major employer for Lakeland and the Memphis area.
FedEx is a major employer for Lakeland and the Memphis area.
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Garner Lake still garners plenty of attention

Garner Lake is a significant part of life for many who live near it, with many homes directly on the water featuring docks out back. The lake, which is the largest across Shelby County, is open to boating, swimming and fishing. International Harvester Managerial Park has another fishing lake, plus “The LAMP" Amphitheatre, which hosts summer outdoor concerts and movie nights. The public Lakeland Golf Club has an 18-hole course open year-round in a region with hot summers and temperate winters.

Lakeland Golf and Paddle Club features a sprawling 18-hole golf course.
Lakeland Golf and Paddle Club features a sprawling 18-hole golf course.
Garner Lake is a private lake that provides local homeowners convenient summertime recreation.
Garner Lake is a private lake that provides local homeowners convenient summertime recreation.
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Lake District and Lakeland Town Square are symbols of steady growth

As the city’s population has grown by 12% since 2010, Lakeland has been strategic about development from both commercial and residential standpoints. Mixed-use areas like Lakeland Town Square and The Lake District have recently opened, offering some local eateries and other businesses. But much of the area’s shopping and dining is outside the city, including the Wolfchase Galleria mall, 2 miles away in Memphis. “Lakeland is only about 20 minutes away from pretty much anything,” Cansler says.

The Lake District is a new development located just off of Canada Road and I-40 in Lakeland.
The Lake District is a new development located just off of Canada Road and I-40 in Lakeland.
Lakeland has expanded in recent years, bringing in new shops and cafes such as Carrington Oaks.
Lakeland has expanded in recent years, bringing in new shops and cafes such as Carrington Oaks.
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Expanding Lakeland school system is a draw

The Lakeland School System, with its A grade on Niche, is why some families want to live here. The district dates back to 2013 and is still expanding to full coverage. Students have historically jumped from Lakeland Preparatory for middle school to Arlington High in the Arlington Community Schools system. However, Lakeland Preparatory received a $40 million addition to begin accommodating high school grades. The transition started with Grade 9 in the 2022-23 school year, with plans to add one additional high school grade in each successive year.

Lakeland Elementary School encourages creativity and individuality.
Lakeland Elementary School encourages creativity and individuality.
Lakeland Preparatory School currently serves students from 5th grade through 10th grade.
Lakeland Preparatory School currently serves students from 5th grade through 10th grade.
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Interstate 40 is the link to the region’s hubs

Part of Interstate 40 cuts through Lakeland. The highway is a direct link to Memphis, 20 miles west, and Nashville, roughly 190 miles east. I-40 and I-240 take travelers to the Memphis International Airport, a 24-mile trip.

Crime

The Shelby County Sheriff's Office provides policing in Lakeland. According to the Memphis Shelby Crime Commission, the property crime rate across Shelby dropped 20%, the violent crime rate fell 2% and the overall crime rate decreased 11% from 2023 to 2024.

Wayne Epps Jr.
Written By
Wayne Epps Jr.
Aaron Bloodworth
Photography Contributed By
Aaron Bloodworth
Colleen Carey
Video By
Colleen Carey

Interested in learning more about homes in this area? Reach out to Edwin Scruggs, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Lakeland Housing Trends

Housing Trends

Median List Price
$555,900
Median Sale Price
$550,000
Median Single Family Sale Price
$555,900
Median Change From 1st List Price
0%
Last 12 months Home Sales
34
Median Home Sale Price YoY Change
-4%
Average Price Per Sq Ft
$187

Neighborhood Facts

Number of Homes in Neighborhood
3,979
Number of Homes for Sale
6
Median Year Built
2001
Months of Supply
2.10
Average Single Family Home Size Sq Ft
2,812
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
2,044
Average 2 Bedroom Size Sq Ft
1,344
Median Lot Size Sq Ft
13,068

Open Houses

  • 9535 Daly Dr, Lakeland, TN 38002

    $299,900

    • 3 Beds
    • 2.5 Baths
    • 1,800+ Sq Ft
    • 9535 Daly Dr
    • New 20 days ago

    Stunning Renovated Home in Lakeland, TN – Move-In Ready! Welcome to this beautifully updated home in the heart of Lakeland, TN, offering top tier finishes and thoughtful upgrades throughout. Located within the highly sought-after Lakeland School District. 24 Miles to Blue Oval! Step inside to find fully renovated bathrooms featuring porcelain tile with Schluter underlayment, ensuring a lifetime

    Agent Photo
    Chasity Blackburn
    Blackburn & Co
    (901) 716-9397
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  • 4076 Canada Rd, Lakeland, TN 38002

    $299,900

    • 3 Beds
    • 2 Baths
    • 2,200+ Sq Ft
    • 4076 Canada Rd

    Welcome to this charming home offering convenient Garner Lake access, nestled within the highly-rated Lakeland School District. As you step inside, you'll immediately notice the spacious, open feel created by vaulted ceilings throughout the main living areas. The home features three generous bedrooms plus a potential office, perfect for work or study. The office, located just off the kitchen,

    Agent Photo
    Chasity Blackburn
    Blackburn & Co
    (901) 657-5713
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  • 4291 N Germantown Pkwy, Bartlett, TN 38002

    $275,000

    • 4291 N Germantown Pkwy

    Drastic Reduction!! 13 ACRES! Great opportunity for a home site or subdividing potentially into 3 separate 4 ACRE lots within Bartlett City Limits. Rare Find! G

    Agent Photo
    William Mitchell
    Crye-Leike, Inc., REALTORS
    (901) 676-8841
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lakeland Has More Owners

Demographics

Total Population
13,404
Median Age
41
Population under 18
27.3%
On par with the national average
23.8%
Population over 65
16.8%
On par with the national average
19.1%

Finances

Median Household Income
$111,017
Significantly above the national average
$71,702
Average Household Income
$135,747

Education and Workforce

High School Graduates
96.4%
Above the national average
89.1%
College Graduates
49%
Above the national average
34.1%
Advanced Degrees
20.5%
% Population in Labor Force
69.8%

Area Factors

Somewhat Bikeable

Bike Score®®

20 / 100

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lakeland