Lakeland, FL—33801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeland, FL
As of Oct '25, the median home price in Lakeland, FL is $230,000, with a year-over-year change of -5.9%. This indicates that home prices in Lakeland, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | -6.0% |
| Single Family | $231,000 | -5.3% |
| Condos | $155,000 | -11.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $156,000 | -4.9% |
2 Bed | $174,000 | -7.9% |
3 Bed | $238,000 | -5.2% |
4 Bed | $304,000 | -2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakeland, FL
As of July '25, Rentcast reports the average rent in Lakeland, FL is $1,520, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Lakeland, FL is studios: $1,060, 1-bedrooms: $1,190, 2-bedrooms: $1,340, 3-bedrooms: $1,750, 4-bedrooms: $2,090. The most common rental property sizes in Lakeland, FL are 2-bedroom and 1-bedroom, accounting for 48.9% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,520 |
| Studio Rent | $950 | $1,060 |
| 1 Bed Rent | $1,150 | $1,190 |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | $1,680 | $1,750 |
| 4 Bed Rent | $2,100 | $2,090 |
% of Rental Stock
Property Listings — Lakeland, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeland, FL is 72. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | -3.0% |
Listing Count | 121 | 2.0% |
| Listings as % of Homes | 1.0% | 2.0% |
Days on Market | 72 | 26.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 33,500, which has decreased by -5.2% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,500 | -5.2% |
% Under 18 | 19.6% | -6.2% |
% Seniors | 15.3% | -4.4% |
% WFH | 11.7% | 207.9% |
% w/ College Degree | 15.8% | 0.6% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 59.7% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is hispanic, making up 19.4% of the population. Foreign-born residents account for 8.5% of the population in Lakeland, FL, and this percentage has increased by 19.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.7% | -2.3% |
% Black | 15.9% | -3.6% |
% Hispanic | 19.4% | 8.4% |
% Asian | 1.2% | -47.8% |
% Foreign Born | 8.5% | 19.7% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 391 mortgage originations in Lakeland, FL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, FL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lakeland, FL
As of 2024, the percent of homes in Lakeland, FL under the Section 8 program is 7.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lakeland, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 448 |
Total Units Section 8 | 446 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,150 | $1,020 |
| 2 Bedroom | -$50 | $1,300 | $1,250 |
| 3 Bedroom | $0 | $1,680 | $1,680 |
| 4 Bedroom | $0 | $2,100 | $2,100 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $230,000 |
| Median Household Income | $49,200 |