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Lakeland real estate market overview
- Average Monthly Rent: $1,194
- Home Price/Value Percentage Change: 6.30%
- Median Home Value: $286,396
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 83
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Located along I-4, between Tampa and Orlando lies the historic city of Lakeland. Lakeland was built around 38 named lakes, providing its residents with scenic views from almost every part of the city. This is a laid-back community that sports an abundance of shops, family owned restaurants, pubs, fine-dining options and breweries that fill the historic brick buildings built here.
The weather is consistently warm, reaching temperatures in the 90s during the month of August.
Population, job market and cost of living
Lakeland has a population of 117,207, with a growth rate of 1.32% annually.
The job market has decreased by -2.21% over the last year. In ten years, job growth is predicted to be 42.52%. This city is home to the largest collection of Frank Lloyd Wright architecture and has a lively Historic and Antiques district. Throughout this location residents and tourists will find antique dealers, specialty stores, art galleries, and museums. Lakeland is also home to Florida Southern College, which attracts the likes of young professionals and families. Manufacturing, distribution, health care and tourism lead the economy in this city.
Lakeland is an affordable place to live and visit. The cost of living here is much lower than the majority of the cities in Florida.
Lakeland real estate market details
- Beacon Hill
- Lake Hollingsworth
- South Lake Morton
- Camphor
- Cleveland Heights Golf Course
The average monthly rent in Lakeland is $1,194 for an average apartment size of 970 sq. feet.
There has been a 6.3% increase in Lakeland's median home value over the last year. As of 2023, the median home value is $286,396.
On average, homes in Lakeland sell after 83 days on the market.
Home sales during April can provide the highest valued sale, while home sales in September can provide the quickest sale.
The affordability index in Lakeland is 88. This number indicates moderate affordability in this city.
The top ranked public schools are McKeel Academy of Technology, Lakeland Senior High School, George W. Jenkins Senior High, Lake Wales Senior High School and Fort Meade Middle/Senior High School. This information derives from data regarding college readiness, math and reading proficiency and performance, and graduation rate.
What people are saying about iBuyer.com
"There was no hesitancy to sign and the communication was timely … "
Richard G. 2434 Summitview Dr, Lakeland, FL 33812