Lakeland, FL—33815
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 $185,000, with a year-over-year change of -11.0%. This indicates that home prices in Lakeland, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | -11.0% |
| Single Family | $185,000 | -11.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | -13.9% |
3 Bed | $210,000 | -7.5% |
4 Bed | $249,000 | -6.0% |
| 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 $1,420, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Lakeland, FL is studios: $1,520, 1-bedrooms: $1,170, 2-bedrooms: $1,230, 3-bedrooms: $1,660, 4-bedrooms: $1,740. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 45.4% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,420 |
| Studio Rent | $1,520 | $1,520 |
| 1 Bed Rent | $1,150 | $1,170 |
| 2 Bed Rent | $1,200 | $1,230 |
| 3 Bed Rent | $1,700 | $1,660 |
| 4 Bed Rent | $1,750 | $1,740 |
% 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 decrease of -8.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | -6.0% |
Listing Count | 52 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 72 | -8.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 14,500, which has remained stable by 0.9% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 0.9% |
% Under 18 | 23.1% | -3.3% |
% Seniors | 21.9% | 0.5% |
% WFH | 8.7% | 135.1% |
% w/ College Degree | 10.6% | 5.0% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 43.2% of the population identifying as white. The white population has grown by 11.9% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is black, making up 27.6% of the population. Foreign-born residents account for 11.4% of the population in Lakeland, FL, and this percentage has decreased by 29.2% 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 | 43.2% | 11.9% |
% Black | 27.6% | -4.5% |
% Hispanic | 26.2% | -14.7% |
% Asian | 1.2% | -25.0% |
% Foreign Born | 11.4% | -29.2% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 103 mortgage originations in Lakeland, FL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, FL. Investor activity is low, as 5.0% 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 | 103 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 5.0% |
% 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 13.8%. 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 | 467 |
Total Units Section 8 | 352 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,150 | $920 |
| 2 Bedroom | -$70 | $1,200 | $1,130 |
| 3 Bedroom | -$180 | $1,700 | $1,520 |
| 4 Bedroom | $160 | $1,750 | $1,910 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $185,000 |
| Median Household Income | $36,400 |