Lakeland housing market
Typical home value
$296K
▼ 2.2% 1 yr
Typical rent
$1,814/mo
▲ 0.9% 1 yr
12-month forecast
−1.2%
#521 of 546 metros
Gross rent yield
7.4%
#87 of 546 · U.S. 6.3%
Days to pending
81 days
▼ −5 days 1 yr
Listings with a price cut
27%
▲ +0.3 pts 1 yr
Key takeaways
- 1The typical home is worth $295,502, down 2.2% in a year and up 16% over five years.
- 2Zillow forecasts home values falling 1.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,814/mo (+0.9% YoY), a 7.4% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,624/mo in principal and interest, $190 less than renting.
- 5Homes go under contract in 81 days (−5 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #408 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Lakeland compares
| Measure | Lakeland | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −2.2% | +1.2% | #531 |
| Home value, 5-yr change | +15.7% | +19.7% | |
| 12-month forecast | −1.2% | +1.1% | #521 |
| Rent, 1-yr change | +0.9% | +2.7% | #484 |
| Gross rent yield | 7.4% | 6.3% | #87 |
| Price-to-rent ratio | 13.6 | 15.8 | |
| Mortgage P&I on typical home | $1,624 | $2,012 | |
| Income needed to buy | $84,016 | $100,902 | |
| Days to pending | 81 | 56 |
Cities in the Lakeland metro
8 cities with home value and rent data.
| Lakeland | $309K | ▼ 1.2% | $1,687 | ▲ 1.1% | 6.5% |
| Winter Haven | $272K | ▼ 2.3% | $1,686 | ▲ 2.2% | 7.4% |
| Davenport | $339K | ▼ 3.3% | $1,978 | ▲ 1.2% | 7.0% |
| Haines City | $293K | ▼ 2.9% | $2,011 | ▲ 4.0% | 8.2% |
| Lake Wales | $240K | ▼ 2.1% | $1,512 | ▼ 0.2% | 7.6% |
| Auburndale | $304K | ▼ 1.2% | $1,741 | ▲ 0.3% | 6.9% |
| Bartow | $276K | ▼ 0.1% | $1,785 | ▲ 4.6% | 7.8% |
| Mulberry | $284K | ▼ 1.2% | $1,760 | ▲ 0.3% | 7.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Lakeland rental ($296K, $1,814/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Lakeland home.
Rent vs buy
Is it cheaper to rent or buy in Lakeland?
Renting out a property in Florida? See deposit limits, late fee rules and notice periods.
Other Florida metros
Miami, FL
$477K home$2,654 rent6.7% yield
▲ 0.3% 1 yr
Tampa, FL
$357K home$1,991 rent6.7% yield
▼ 0.9% 1 yr
Orlando, FL
$383K home$1,929 rent6.0% yield
▼ 1.4% 1 yr
Jacksonville, FL
$351K home$1,680 rent5.8% yield
▼ 0.1% 1 yr
North Port, FL
$404K home$2,106 rent6.3% yield
▼ 2.0% 1 yr
Cape Coral, FL
$334K home$1,827 rent6.6% yield
▼ 3.5% 1 yr
Deltona, FL
$331K home$1,767 rent6.4% yield
▼ 0.3% 1 yr
Palm Bay, FL
$342K home$1,887 rent6.6% yield
▼ 0.5% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.