Lakeland, FL—33811
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 $337,000, with a year-over-year change of -4.0%. This indicates that home prices in Lakeland, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $337,000 | -4.0% |
| Single Family | $338,000 | -3.7% |
| Condos | $269,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | -6.0% |
3 Bed | $327,000 | -3.8% |
4 Bed | $371,000 | -3.4% |
| 5 Bed | $407,000 | -3.1% |
% of Housing Stock
Rental Trends — Lakeland, FL
As of July '25, Rentcast reports the average rent in Lakeland, FL is $2,140, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Lakeland, FL is studios: $812, 1-bedrooms: $1,270, 2-bedrooms: $1,630, 3-bedrooms: $2,140, 4-bedrooms: $2,330. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 34.0% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,120 | $2,140 |
| Studio Rent | $812 | $812 |
| 1 Bed Rent | $1,530 | $1,270 |
| 2 Bed Rent | $1,700 | $1,630 |
| 3 Bed Rent | $2,060 | $2,140 |
| 4 Bed Rent | $2,300 | $2,330 |
% 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 7.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -4.0% |
Listing Count | 164 | 5.0% |
| Listings as % of Homes | 1.0% | 5.0% |
Days on Market | 72 | 7.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 28,500, which has increased by 30.9% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,500 | 30.9% |
% Under 18 | 23.5% | 8.3% |
% Seniors | 14.5% | -9.9% |
% WFH | 12.8% | 184.4% |
% w/ College Degree | 31.6% | 36.8% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 17.1% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is hispanic, making up 22.8% of the population. Foreign-born residents account for 7.9% of the population in Lakeland, FL, and this percentage has increased by 11.3% 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 | 63.3% | -17.1% |
% Black | 8.9% | 18.7% |
% Hispanic | 22.8% | 71.4% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 7.9% | 11.3% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 634 mortgage originations in Lakeland, FL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 38.0% 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. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 634 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lakeland, FL
As of 2024, the percent of homes in Lakeland, FL under the Section 8 program is 0.7%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakeland, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,530 | $1,130 |
| 2 Bedroom | -$320 | $1,700 | $1,380 |
| 3 Bedroom | -$210 | $2,060 | $1,850 |
| 4 Bedroom | $20 | $2,300 | $2,320 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $337,000 |
| Median Household Income | $85,800 |