Lakeland, FL—33813
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 $369,000, with a year-over-year change of -2.1%. 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 | $369,000 | -2.1% |
| Single Family | $372,000 | -2.1% |
| Condos | $216,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -5.1% |
3 Bed | $333,000 | -2.6% |
4 Bed | $473,000 | -1.3% |
| 5 Bed | $627,000 | -0.6% |
% of Housing Stock
Rental Trends — Lakeland, FL
As of July '25, Rentcast reports the average rent in Lakeland, FL is $2,160, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Lakeland, FL is 1-bedrooms: $1,150, 2-bedrooms: $1,640, 3-bedrooms: $2,100, 4-bedrooms: $2,660. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 39.4% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $1,150 |
| 2 Bed Rent | $1,690 | $1,640 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | $2,420 | $2,660 |
% 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 65. This is a increase of 17.0% 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 | $425,000 | -3.0% |
Listing Count | 186 | 1.0% |
| Listings as % of Homes | 0.8% | 1.0% |
Days on Market | 65 | 17.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 38,100, which has increased by 2.4% over the past 5 years. Lakeland, FL is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,100 | 2.4% |
% Under 18 | 26.1% | 15.5% |
% Seniors | 17.6% | -7.9% |
% WFH | 14.1% | 176.5% |
% w/ College Degree | 39.2% | -0.8% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is hispanic, making up 16.8% of the population. Foreign-born residents account for 10.0% of the population in Lakeland, FL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.2% | -7.6% |
% Black | 6.1% | -6.2% |
% Hispanic | 16.8% | 33.3% |
% Asian | 3.0% | -3.2% |
% Foreign Born | 10.0% | 0.0% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 469 mortgage originations in Lakeland, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, FL. Investor activity is low, as 2.0% 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 | 469 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 1.6%. 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 | 58 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $475 | $925 | $1,400 |
| 2 Bedroom | $30 | $1,690 | $1,720 |
| 3 Bedroom | $210 | $2,100 | $2,310 |
| 4 Bedroom | $470 | $2,420 | $2,890 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $369,000 |
| Median Household Income | $96,700 |