Lakeland - FL housing market
The Lakeland metro has a typical home value of $298,055, down 2.7% from a year ago. Homes are sitting 43 days on average, buyers have negotiating room. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($298,055) 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 2.7% over the past year. A home worth $306,326 last year is now worth roughly $298,055.
The median sale price, what homes actually close for, is $294,506. Homes are selling at 97.5% 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 26.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,050 new listings hit the market each month in Lakeland - FL. There are currently 5,166 homes for sale, down 8.4% from a year ago.
The typical monthly rent in Lakeland - FL is $1,847, up 1.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 13.4x, buying territory (#174 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,532 a month in principal and interest, $315 less than renting before taxes, insurance and upkeep. The two break even at a 8.58% 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 September 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $477,769 | -1.3% | 51.0d |
| Tampa - FL | $361,634 | -2.2% | 36.0d |
| Orlando - FL | $386,867 | -2.3% | 35.0d |
| Jacksonville - FL | $353,050 | -0.9% | 44.0d |
| North Port - FL | $404,446 | -4.4% | 56.0d |
| Cape Coral - FL | $337,352 | -5.4% | 70.0d |