Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$295,509−2.2% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$64,060About 1.0× the local median income ($66,708): affordable for a typical household
Days on market80 daysAbout the same pace as a year ago
Next 12 months−1.2%Zillow expects prices to dip slightly
The typical home in Polk County, FL is worth $295,509, down 2.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $263,735, so the area is 12.0% overvalued. It is a buyer's market: homes take about 80 days to sell, listings are up 6% from a year ago, 22% of listings have had a price cut. Zillow expects prices to fall about 1.2% over the next year. A household needs about $64,060 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,708. Typical rent is $1,814 a month, or $2,071 for a house. In the latest IRS figures, 18,556 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$295,509
Change in 1 year
−2.2%
Overvalued %
+12.0%
Show 7 more
Fair home value
$263,735
Change in 5 years
+15.7%
Zillow forecast, next 12 months
−1.2%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,602
Income needed to afford it
$64,060
Property tax rate
0.72%
Rent and investing
Typical rent
$1,814
Typical rent for houses
$2,071
Price-to-rent ratio
13.6×
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HUD Fair Market Rent, 2 bedrooms
$1,608
Gross rental yield
7.37%
Cap rate (estimate)
4.79%
Market activity
Listings vs a year ago
+5.6%
Days on market
80
Listings with a price cut
22.1%
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Homes for sale
4,941
Pending sales per 100 listings
30
Asking price per sq ft
$183
People and jobs
Median household income
$66,708
Population change (1 year)
+2.7%
Unemployment rate
4.8%
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Population
874,790
Income adjusted for cost of living
$68,700
Net moves in (IRS)
+18,556
Cost of living (US = 100)
97.1
Schools, risk and environment
School rating (1 to 10)
4.4
FEMA hazard risk score (0 to 100)
96.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
94.6
Wildfire risk score
97.0
Walkability (1 to 20)
7.6
Road, rail and air noise
54 dB
Questions people ask
Is Polk County, FL overvalued?
Home prices in Polk County, FL are well above what local incomes have historically supported: fair value is about $263,735, so the area is 12.0% overvalued.
Is Polk County, FL a buyer's or seller's market?
Polk County, FL is a buyer's market: homes take about 80 days to sell, listings are up 6% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Polk County, FL?
Home values in Polk County, FL are down 2.2% over the last year. Zillow's forecast for the next 12 months is −1.2%.
How much do you need to earn to buy a home in Polk County, FL?
A household needs about $64,060 a year to afford the typical home in Polk County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,708.