Lakeland - FL housing market
The Lakeland metro has a typical home value of $295,821, down 2.4% from a year ago. Homes are sitting 43 days on average, buyers have negotiating room. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
Lakeland housing market, October 2026
The typical Lakeland home is worth $295,821 as of August 2026, down 0.3% from the prior month, down 0.9% over three months, and down 2.4% from a year ago. Over the past two years values have ranged from $295,821 to $316,453.
Homes are going pending in about 43 days, faster than the 44 days seen three months earlier. There are roughly 5,152 homes for sale, 7% fewer than a year ago. 26.8% of listings have taken a price cut (up from 25.7% three months ago).
Typical rent is $1,840 a month, up 1.3% year over year, which puts the price-to-rent ratio at 13.4.
At this week's 7.40% mortgage rate with 20% down ($59,164), the typical Lakeland home costs about $2,008 a month including tax and insurance, which needs a household income of roughly $86,100 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($295,821) is the Zillow Home Value Index for the Lakeland - FL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 2.4% over the past year. A home worth $303,095 last year is now worth roughly $295,821.
The median sale price, what homes actually close for, is $293,699. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.
Homes listed in Lakeland - FL sit on the market for roughly 43 days before going pending. Shorter = seller's market; longer = buyer's market.
About 26.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,028 new listings hit the market each month in Lakeland - FL. There are currently 5,152 homes for sale, down 7.2% from a year ago.
The typical monthly rent in Lakeland - FL is $1,840, up 1.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 13.4x, buying territory (#176 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,639 a month in principal and interest, $201 less than renting before taxes, insurance and upkeep. The two break even at a 8.62% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $475,830 | -0.5% | 52.0d |
| Tampa - FL | $358,706 | -1.5% | 39.0d |
| Orlando - FL | $383,445 | -1.8% | 38.0d |
| Jacksonville - FL | $350,783 | -0.5% | 47.0d |
| North Port - FL | $402,040 | -3.1% | 56.0d |
| Cape Coral - FL | $335,410 | -4.4% | 67.0d |