John T. Chyphers House · Photo: Elkman · CC BY-SA 3.013 homes sold in Lakeland in the last year, at a typical $377K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Lakeland homes are listed.
Every place Lakeland homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lakeland.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Lakeland’s sales, at a typical $377K
13 homes sold in the year to May 2026.
typical sale · 13 sold in 12 months
- Per square foot
- $212MN $191
- Days to sell
- 38
- Sold over asking
- 46%
- Listings with a price cut
- 62%
Fewer homes sell than a decade ago, at 1.3 times the 2016 price
13 sales in the last year, against 33 in 2013 and a low of 15 in 2023. The typical sale went from $291K in 2016 to $377K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Lakeland
Check a listing against what Lakeland homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Lakeland home costs about $2,250 a month
Price: Lakeland’s typical sale, last 12 months. Property tax at Lakeland’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lakeland is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $377K home, about $3,400 a year.
Taxes vs. neighborsSchools
The schools grade for Lakeland, from test results, graduation and how much students grow.
Schools in LakelandTypical commute
The average one-way trip to work for people who live in Lakeland.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Lakeland, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lakeland. People who follow the town see it, and so do people comparing Lakeland with their own town. No commission, no listing fee.
Questions about buying a home in Lakeland
What do homes sell for in Lakeland, MN?
13 homes sold in the year to May 2026 at a typical $377K, $212 a square foot.
Is Lakeland a buyer’s or seller’s market?
A seller’s market: 1 homes were for sale in May 2026 and 3 sold, about 0.3 months of supply. Buyers paid 100.7% of asking on average, and 73% of listings cut their price.
How much are property taxes in Lakeland?
About 0.9% of a home’s value a year. On a $377K home that’s near $3,400.
Where can I see homes for sale in Lakeland?
Zillow, Redfin, Realtor.com and Homes.com all carry Lakeland’s MLS listings; the search links above open each one filtered to Lakeland.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).