Foreclosure Homes in Lakeland, TN

Current Market Conditions in Lakeland, TN

The real estate market in Lakeland, TN has been experiencing a steady growth trend over the last year. Home values have appreciated due to increased demand as more families are drawn to the area’s quality of life and good schools. The average days on the market for homes have decreased, indicating a competitive market. Buyers are particularly interested in properties close to recreational areas and schools, which are highly valued in this community.

Recent statistics show that the average home price has risen by approximately 7% over the past year. This growth is attributed to the influx of new residents and the overall development of the suburb. While inventory remains low in some price ranges, particularly for single-family homes, the overall market remains strong with more developments and real estate projects on the horizon.

Rent Prices In Lakeland, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakeland, TN, is on a rollercoaster ride. The average rent price in Lakeland, TN, is $1,915.00. Indeed, when looking to rent in Lakeland, TN, you can expect to pay as little as $910.00 or as much as $4,060.00, with the average rent median estimated to be $1,870.00. The good news is that finding an affordable and desirable property to rent in Lakeland, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.