Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$295,502−2.2% 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$64,059About 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 Lakeland-Winter Haven, FL is worth $295,502, down 2.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $263,726, 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 $64,059 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
$295,502
Change in 1 year
−2.2%
Overvalued %
+12.0%
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Fair home value
$263,726
Change in 5 years
+15.7%
Zillow forecast, next 12 months
−1.2%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,601
Income needed to afford it
$64,059
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
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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 Lakeland-Winter Haven, FL overvalued?
Home prices in Lakeland-Winter Haven, FL are well above what local incomes have historically supported: fair value is about $263,726, so the area is 12.0% overvalued.
Is Lakeland-Winter Haven, FL a buyer's or seller's market?
Lakeland-Winter Haven, 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 Lakeland-Winter Haven, FL?
Home values in Lakeland-Winter Haven, 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 Lakeland-Winter Haven, FL?
A household needs about $64,059 a year to afford the typical home in Lakeland-Winter Haven, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,708.