Longstep Property Solutions Homes for Rent
Property Management · Lakeland, TN

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.

01

Lakeland by the numbers

The same data we use to price and underwrite our own portfolio, with the sample behind each figure shown.

5-year appreciation
+22.9%
−1.4% over the past 12 months
Zillow Home Value Index, May 2026
Typical home value
$452K
Zillow Home Value Index, May 2026
Owner-occupied
86%
US Census ACS
Typical asking rent · all rentals
$2,550/mo
$1,950 low$2,795 high
Live Lakeland rental comps, 9 listings
Typical days to lease
9 days
Median of 21 active Lakeland listings, our nightly market scan
Median household income
$138K
US Census ACS
03

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.

04

How we can run it

Properties in Lakeland

A sample of Lakeland addresses with rent comps, short-term comps, or a recorded renovation on file. Open one for its county value, estimated rent, and renovation history.

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.