Lakeland, FL—33812
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 $374,000, with a year-over-year change of -2.4%. This indicates that home prices in Lakeland, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $374,000 | -2.4% |
| Single Family | $375,000 | -2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | -5.0% |
3 Bed | $333,000 | -2.9% |
4 Bed | $450,000 | -1.3% |
| 5 Bed | $558,000 | -0.7% |
% 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 0.9%. Per bedroom, the median rent as of July '25 in Lakeland, FL is 1-bedrooms: $1,670, 2-bedrooms: $1,540, 3-bedrooms: $1,990, 4-bedrooms: $2,420. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 53.1% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,640 | $1,670 |
| 2 Bed Rent | $1,600 | $1,540 |
| 3 Bed Rent | $1,980 | $1,990 |
| 4 Bed Rent | $2,400 | $2,420 |
% 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 49. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter 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 | $433,000 | 3.0% |
Listing Count | 69 | -3.0% |
| Listings as % of Homes | 1.0% | -3.0% |
Days on Market | 49 | -14.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 14,800, which has increased by 10.3% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,800 | 10.3% |
% Under 18 | 24.0% | -5.1% |
% Seniors | 14.0% | -6.7% |
% WFH | 11.8% | 122.6% |
% w/ College Degree | 35.6% | 15.6% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is hispanic, making up 15.5% of the population. Foreign-born residents account for 10.5% of the population in Lakeland, FL, and this percentage has decreased by 5.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.0% | -9.3% |
% Black | 9.3% | 12.0% |
% Hispanic | 15.5% | 30.3% |
% Asian | 3.7% | -2.6% |
% Foreign Born | 10.5% | -5.4% |
Mortgage and Risk — Lakeland, FL
Lakeland, FL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lakeland, FL
As of 2024, the percent of homes in Lakeland, FL under the Section 8 program is 0.2%. 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. 2-bedroom and 3-bedroom and 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 units do not.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,640 | $1,350 |
| 2 Bedroom | $50 | $1,600 | $1,650 |
| 3 Bedroom | $240 | $1,980 | $2,220 |
| 4 Bedroom | $370 | $2,400 | $2,770 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $374,000 |
| Median Household Income | $101,000 |