Property management
in Lakeland.
An owner-heavy, appreciation-led market. We price every Lakeland home on its own comps, never a citywide Memphis average, and run it with one local team.
Free, instant, no obligation. Enter your address for a live comp-backed rent estimate. Or call (901) 244-2911.
Where Lakeland sits in the Memphis area.
Lakeland by the numbers
The same data we use to price and underwrite our own portfolio, with the sample behind each figure shown.
A bit of Lakeland history
Identity originated with Lakeland Amusement Park developed in the early 1960s around a man-made lake. Residents incorporated in 1977 (population ~612) primarily to control zoning and avoid annexation by Memphis or Bartlett. Experienced a 470% population increase in the 1990s.
For owners that translates to a buy-and-hold market: values are up about 23% over five years, and 86% of homes are owner-occupied, so a rental that does come open tends to draw long-term, well-qualified residents. The last twelve months have been flat to slightly soft, in line with the wider for-sale market. That is the honest near-term picture; the five-year trend is the one that has paid owners here.
How we can run it
Common questions about Lakeland property management
Does Longstep manage rental property in Lakeland?
Yes. Longstep manages long-term and short-term rentals in Lakeland with one local team, in-house cleaning and maintenance at cost, and every fee disclosed up front.
What can I rent a home for in Lakeland?
Typical rent in Lakeland runs about $2,550 a month, with most homes between $1,950 and $2,795 depending on size and condition, and rentals lease in a median of 44 days. The most reliable number is your own address, which you can check free above.
What are home values doing in Lakeland?
Homes in Lakeland are worth about $452,086 on the Zillow Home Value Index, up 22.9% over the past five years and −1.4% in the past year.
What does Longstep charge to manage a Lakeland rental?
Long-term management is 8% of collected rent plus a one-time placement fee; short-term is 10% all-in. Maintenance and cleaning are in-house at cost, with no third-party markup.
What would your Lakeland property rent for?
Send us the address. We pull the real comps for that exact street and show you the long-term and short-term picture, free.
Free, no obligation. Or call (901) 244-2911.