Lakeland, FL—33810
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 $317,000, with a year-over-year change of -3.4%. This indicates that home prices in Lakeland, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | -3.4% |
| Single Family | $319,000 | -3.3% |
| Condos | $146,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | -4.0% |
3 Bed | $308,000 | -3.4% |
4 Bed | $364,000 | -2.7% |
| 5 Bed | $497,000 | -0.8% |
% of Housing Stock
Rental Trends — Lakeland, FL
As of July '25, Rentcast reports the average rent in Lakeland, FL is $1,960, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Lakeland, FL is studios: $805, 1-bedrooms: $1,230, 2-bedrooms: $1,520, 3-bedrooms: $2,020, 4-bedrooms: $2,270. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 40.2% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,960 | $1,960 |
| Studio Rent | $805 | $805 |
| 1 Bed Rent | $1,200 | $1,230 |
| 2 Bed Rent | $1,480 | $1,520 |
| 3 Bed Rent | $1,960 | $2,020 |
| 4 Bed Rent | $2,210 | $2,270 |
% 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 73. This is a increase of 14.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | -1.0% |
Listing Count | 220 | -6.0% |
| Listings as % of Homes | 0.9% | -6.0% |
Days on Market | 73 | 14.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 52,700, which has increased by 4.8% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | 4.8% |
% Under 18 | 22.4% | -2.6% |
% Seniors | 22.0% | 11.1% |
% WFH | 10.6% | 178.9% |
% w/ College Degree | 20.4% | 9.7% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 59.5% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is hispanic, making up 23.2% of the population. Foreign-born residents account for 8.9% of the population in Lakeland, FL, and this percentage has increased by 14.1% 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 | 59.5% | -10.9% |
% Black | 12.2% | -10.9% |
% Hispanic | 23.2% | 49.7% |
% Asian | 1.9% | 0.0% |
% Foreign Born | 8.9% | 14.1% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 236 mortgage originations in Lakeland, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, FL. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 236 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lakeland, FL
As of 2024, the percent of homes in Lakeland, FL under the Section 8 program is 3.9%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 233 |
Total Units Section 8 | 185 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,200 | $1,220 |
| 2 Bedroom | $10 | $1,480 | $1,490 |
| 3 Bedroom | $50 | $1,960 | $2,010 |
| 4 Bedroom | $300 | $2,210 | $2,510 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $317,000 |
| Median Household Income | $69,700 |