Polk City, FL—33868
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Polk City, FL
As of Oct '25, the median home price in Polk City, FL is $254,000, with a year-over-year change of -5.5%. This indicates that home prices in Polk City, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | -5.5% |
| Single Family | $254,000 | -5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $320,000 | 4.9% |
2 Bed | $329,000 | -0.6% |
3 Bed | $316,000 | -3.1% |
4 Bed | $356,000 | -1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Polk City, FL
As of July '25, Rentcast reports the average rent in Polk City, FL is $2,050, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Polk City, FL is 1-bedrooms: $1,250, 2-bedrooms: $1,200, 3-bedrooms: $1,840, 4-bedrooms: $2,640. The most common rental property sizes in Polk City, FL are 3-bedroom and 2-bedroom, accounting for 44.4% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $995 | $1,200 |
| 3 Bed Rent | $1,900 | $1,840 |
| 4 Bed Rent | $2,260 | $2,640 |
% of Rental Stock
Property Listings — Polk City, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Polk City, FL is 78. This is a decrease of -36.0% 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 | $478,000 | 9.0% |
Listing Count | 76 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 78 | -36.0% |
Demographics — Polk City, FL
As of the latest ACS Survey released in 2023, Polk City, FL has a population of 13,700, which has increased by 13.1% over the past 5 years. Polk City, FL is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | 13.1% |
% Under 18 | 21.5% | 16.8% |
% Seniors | 16.8% | -21.5% |
% WFH | 10.4% | 173.7% |
% w/ College Degree | 18.0% | 42.9% |
As of the latest ACS Survey released in 2023, Polk City, FL is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Polk City, FL is hispanic, making up 22.0% of the population. Foreign-born residents account for 6.1% of the population in Polk City, FL, and this percentage has increased by 35.6% 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 | 65.8% | -14.0% |
% Black | 7.0% | 6.1% |
% Hispanic | 22.0% | 83.3% |
% Asian | 0.3% | -76.9% |
% Foreign Born | 6.1% | 35.6% |
Mortgage and Risk — Polk City, FL
According to HUD data as of 2023, there were 256 mortgage originations in Polk City, FL, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Polk City, FL. Investor activity is low, as 2.0% 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 | 256 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Polk City, FL
As of 2024, the percent of homes in Polk City, FL under the Section 8 program is 0.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Polk City, FL, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,250 | $960 |
| 2 Bedroom | $185 | $995 | $1,180 |
| 3 Bedroom | -$310 | $1,900 | $1,590 |
| 4 Bedroom | -$280 | $2,260 | $1,980 |
Affordability — Polk City, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $254,000 |
| Median Household Income | $74,000 |