Housing in Lakeland, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$517,500
Median List Price
$449,950
Price Per Sq Ft
$175
Days on Market
51
Active Inventory
51
Months of Supply
5.7
Balanced market
Zillow Home Value
$438,488
ZHVI — January 2026
Zillow Rent Index
$1,911
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
11.1%
Off Market in 2 Weeks
17.6%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
34
Pending Sales
17
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$175
Median List $/SF
$143
Lakeland vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Lakeland is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$373,800
Median Rent
$1,611
Total Housing Units
5,270
Vacancy Rate
0.5%
Owner Occupied
80.2%
Renter Occupied
19.8%
Median Property Tax
$3,634
per year
Monthly Cost (w/ Mortgage)
$1,833
Housing Types
The current median sale price in Lakeland, TN is $517,500 according to Redfin data. Homes spend a median of 51 days on the market. 11.1% of homes sold above asking price. The market has 5.7 months of supply. The median price per square foot is $175. Zillow's observed rent index is $1,911/month. About 80.2% of housing units are owner-occupied. The median year homes were built is 1998. There are 5,270 total housing units.