Lakeland TN Real Estate

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Lakeland, Tennessee
Average Home Sizes and Asking Prices

Updated On: May 24, 2018
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
38002 0 $259,000 0 $178,000 437

38002 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  127   $177k
 1 Year Ago  127   $177k
 6 Months Ago   127   $177k
*Averaged for 3 bedroom active listings

Asking Price in 38002 - 3 Bedroom Single Family Homes
38002 real estate listing price trend

38002 sold real estate price trend
Demographics & Schools Mortgage Info Area Map

About Lakeland TN

Known for its beautiful lakefront properties, the city of Lakeland, Tennessee, reflects a rural atmosphere while accommodating vibrant growth. Lakeland offers a variety of real estate for its future and current residents, such as lakefront properties and single and multi-family homes. Located in scenic western Tennessee, Lakeland lies just outside of Memphis. Even though the drive to downtown Memphis is short, Lakeland feels miles away with low development and natural terrain. This means that Lakeland maintains a sense of country living that is rapidly disappearing in other Shelby County communities and in Memphis. Touted as a place “Where quality of life is a way of life,” Lakeland offers all the vital services with high-quality schools, nearby hospitals, and a community feeling where neighborly attitudes are still very common. Among the popular parks in town are City Park, which has a pavilion with picnic tables, grills, restrooms, drinking fountain, paved parking, paved jogging trails and a playground. The city also maintains a 65-acre park which consists of rolling hills, a fishing pond, picnic facilities, portable restrooms and running, biking and hiking trails through wooded areas. Golf lovers will rejoice in living next to Stonebridge Golf Course, which is open year-round and offers a challenging layout that can be played by all skill levels. The water is a very important part of life here and that extends to recreational activities. Lakeland strives to balance growth and development with preserving the natural resources that define the landscape for Lakeland residents. Lakeland residents have consistently ranked preservation of natural resources as a top priority in public forums and surveys.

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Lakeland TN Real Estate - Prices of Homes for Sale in Lakeland TN

The real estate market in Lakeland consists of a wide-variety of housing options, mostly in single-family detached homes in a variety of styles and price ranges. Many of the homes in town sit on wonderful lakefront properties. Single-family detached homes start just under $200,000 and go up to the low to mid-$400,000s, but can go beyond for spacious homes sitting on significant acreage. Houses with swimming pools on marvelous lots are available. For those that have their idea of a perfect home in mind, there is plenty of land available in the area for custom building.

Lakeland Real Estate Stats and Trends for the week of April 2nd, 2018: homes priced around $177,505 compared to $175,814 the previous week, for a slight increase of less than +1%.  For Wednesday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.58%; the 15 year fixed rate is at 4.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.03%, while the 15 year jumbo rate currently is at 4.51%.

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