The housing market in Lakeland, FL is thriving. The median value of a house in Lakeland is $282,500, which is notably lower than the US median value of $338,100. Additionally, the one year appreciation rate for houses in the area is 19.81%, significantly higher than the US one year house appreciation rate of 8.27%. This makes Lakeland an attractive option for potential buyers looking for a good real estate investment opportunity.
The median home cost in Lakeland is $282,500. Home appreciation the last 10 years has been 186.0%. Home Appreciation in Lakeland is up 25.4%.
Average Age of Homes
- The median age of Lakeland real estate is 37 years old
The Rental Market in Lakeland
- Renters make up 36.5% of the Lakeland population
- 2.7% of houses and apartments in Lakeland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.