Lakeland, FL—33805
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 $235,000, with a year-over-year change of -5.9%. 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 | $235,000 | -5.9% |
| Single Family | $238,000 | -5.9% |
| Condos | $117,000 | -15.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -11.7% |
3 Bed | $249,000 | -5.3% |
4 Bed | $332,000 | -4.3% |
| 5 Bed | $379,000 | -3.6% |
% of Housing Stock
Rental Trends — Lakeland, FL
As of July '25, Rentcast reports the average rent in Lakeland, FL is $1,670, with a year-over-year rent change of -12.6%. Per bedroom, the median rent as of July '25 in Lakeland, FL is studios: $1,020, 1-bedrooms: $1,160, 2-bedrooms: $1,270, 3-bedrooms: $1,800, 4-bedrooms: $2,290. The most common rental property sizes in Lakeland, FL are 2-bedroom and 3-bedroom, accounting for 48.6% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | $975 | $1,020 |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $1,750 | $1,800 |
| 4 Bed Rent | $2,300 | $2,290 |
% 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 111. This is a increase of 92.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | -1.0% |
Listing Count | 98 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 111 | 92.0% |
Demographics — Lakeland, FL
As of the latest ACS Survey released in 2023, Lakeland, FL has a population of 27,400, which has increased by 6.5% over the past 5 years. Lakeland, FL is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 6.5% |
% Under 18 | 23.2% | -2.1% |
% Seniors | 19.6% | 13.3% |
% WFH | 6.7% | 24.1% |
% w/ College Degree | 16.8% | 2.4% |
As of the latest ACS Survey released in 2023, Lakeland, FL is a predominantly white area, with 38.0% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Lakeland, FL is black, making up 37.6% of the population. Foreign-born residents account for 12.0% of the population in Lakeland, FL, and this percentage has increased by 6.2% 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 | 38.0% | 3.8% |
% Black | 37.6% | -1.1% |
% Hispanic | 19.6% | -8.8% |
% Asian | 1.5% | -21.1% |
% Foreign Born | 12.0% | 6.2% |
Mortgage and Risk — Lakeland, FL
According to HUD data as of 2023, there were 426 mortgage originations in Lakeland, FL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Lakeland, FL. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 426 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lakeland, FL
As of 2024, the percent of homes in Lakeland, FL under the Section 8 program is 8.8%. 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. In Lakeland, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 637 |
Total Units Section 8 | 466 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 82.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,100 | $1,040 |
| 2 Bedroom | -$30 | $1,300 | $1,270 |
| 3 Bedroom | -$40 | $1,750 | $1,710 |
| 4 Bedroom | -$170 | $2,300 | $2,130 |
Affordability — Lakeland, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $235,000 |
| Median Household Income | $55,600 |