Lakeland’s landscape includes rolling terrain, residential neighborhoods, and public green spaces. International Harvester Managerial Park offers a fishing lake, picnic areas, and The LAMP amphitheater, while access to I-40 connects the area with the wider Memphis region. In the reporting area identified below, 209 residential sales closed through the MLS in 2025, with a median sale price of $505,000 and an average sale price of $530,064. The average sale price was ↑ $41,710 higher than in 2024, and homes averaged 65 days on the market. Prices and property features vary by location and individual home.

Reporting scope: MLS City equals Lakeland. Residential listings with closed status and closing dates January 1–December 31, 2025; arrow comparison uses January 1–December 31, 2024 with the same filters. Includes existing and new homes entered in the MLS. MLS city labels can differ from mailing addresses or municipal boundaries.

Source: Memphis Area Association of REALTORS® (MAAR), Paragon MLS. Information is deemed reliable but not guaranteed. Statistics reflect the stated reporting boundaries and property types and may be revised.