Brokers — List your Company Here
Featured local agent — Lakeland, TN
Sarah Mitchell
Compass Real Estate · Lakeland, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Lakeland, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$545,000median sale price
How is the Lakeland, TN housing market right now?
The median home sale price in Lakeland, TN is $545,000, up 9.0% year-over-year. Homes sell in an average of 27 days with 63 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lakeland a buyer's or seller's market?
Lakeland, TN is currently a balanced market, based on 3.2 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
27
Average pace
Active listings
63
3.2 months supply
Sale-to-list
99.0%
Below asking
What does the Lakeland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $545,000 |
| Median list price | $562,450 |
| Year-over-year price change | +9.0% |
| Average days on market | 27 days |
| Active inventory | 63 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 24 |
| Listings with a price cut | 28.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lakeland by property type?
How the Lakeland, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $560,000 | $171/sq ft | 19 | 15 days |
| Condo / Co-op | $175,000 | $91/sq ft | 1 | 43 days |
| Townhouse | $160,000 | $92/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Lakeland housing market is currently classified as a balanced market with a median sale price of $545,000. Prices have risen 9.0% compared to last year, with homes spending an average of 27 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Lakeland
There are currently 63 homes listed for sale in Lakeland, Tennessee. The median listing price is $562K.
Active listings
63
Homes on market
Median list price
$562K
Avg. days on market
27
Days until sale
New this week
24
Newly listed
Who lives in Lakeland?
Population
14,068
Median income
$113,843/yr
Median age
39.5 years
Owner-occupied
80.2%
College grads
55.7%
Avg commute
27 min
Source: U.S. Census Bureau ACS
What are homes worth in Lakeland?
Zillow home value
$456,048
Zillow rent index
$1,725/mo
Price-to-rent ratio
22.0x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Lakeland?
Lakeland is a community of approximately 14K residents with a median age of 39.5 years.The median household income is $113,843, which reflects a relatively affluent area with strong earning potential. 55.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 27 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakeland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lakeland?
2 schools tracked · 2,339 students
The largest public schools serving Lakeland, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lakeland Preparatory School
Grades 5-10 · 1,305 students
Lakeland Elementary School
Grades PK-4 · 1,034 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lakeland, TN?
Want a head-to-head view? Compare Lakeland side-by-side with any other U.S. city using our market-comparison tool.
Is Lakeland a good real estate investment market?
For investors evaluating Lakeland, the price-to-rent ratio of 22.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lakeland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lakeland's median home price.
Frequently asked questions
What is the average home price in Lakeland?
The median home sale price in Lakeland is $545,000, up 9.0% from last year.
How long do homes stay on market in Lakeland?
Homes typically spend 27 days on market before going under contract.
What is the median income in Lakeland?
The median household income is $113,843 per year.
Is Lakeland a buyer's or seller's market?
With 3.2 months of supply, Lakeland is currently a balanced market.
What is the Zillow home value estimate for Lakeland?
The Zillow Home Value Index (ZHVI) for Lakeland is $456,048, representing the typical home value in the area.
What is the median condo price in Lakeland?
The median condo/co-op sale price in Lakeland, TN is $175,000, compared to $560,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lakeland?
The median single-family home price in Lakeland, TN is $560,000 (about $171 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Lakeland, TN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Lakeland market alerts
Weekly updates on prices, inventory, and trends. Free forever.