Markets  ›  FL  ›  Lakeland

Lakeland, FL housing market

Lakeland, FL metro median sale price $314K in Jul–Sep 2026, down 0.8% year over year. Also days on market, price cuts, affordability and ZIP-code figures.

The median sale price in the Lakeland, FL metro is $314K over Jul–Sep 2026, down 0.8% from the same 3 months a year earlier. The decline is steeper than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro points the other way: up 2.4% through Q2 2026.

On median sale price, Lakeland ($314K) ranks 18th of the 22 Florida metros Pecan Street tracks, between Gainesville ($321K) and Tallahassee ($312K). On median days on market, Lakeland (80 days) ranks 7th of the 22 Florida metros, between Fort Myers / Cape Coral (80 days) and Punta Gorda (80 days). On share of listings with a price cut, Lakeland (34%) ranks 7th of the 22 Florida metros, between Gainesville (35%) and Homosassa Springs (32%).

Listings spent a median 80 days on market in Oct 2026, the 32nd-most of the 385 metros. 34% of active listings carry a price cut; the 3-month average vs a year earlier is 0.3 points higher. Median asking prices sit about 3% above the median sale price. Building permits authorized 657 new housing units in Sep 2026.

At the 7.12% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,693 a month; at 28% of gross income, that takes about $73K a year. The median sale price equals about 12 years of HUD Fair Market Rent, a ratio down 9.3% from a year earlier. That ratio is the 22nd-lowest of the 373 metros. Active listings ask a median $183 per square foot; the 3-month average vs a year earlier is down 3.5%.

Median list prices are lower than a year earlier in all 12 ZIP codes in the table below.

Headline

Median sale price

Jul–Sep 2026

$314K

-0.8% year-over-year

How it’s calculated

Average of the last three monthly median sale prices vs. the same three months a year earlier.

Mortgage rate

Nov 4, 2026

7.12%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$1,693/mo

$73K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Lakeland compares to other U.S. metros

Price-to-rent↓352nd of 373
Days on market↑32nd of 385 (top 9%)
Home-price growth↓317th of 383
Asking-vs-sale gap↓185th of 300
Price cuts204th of 385

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio≈ 12 -9.3% YoY
↓352nd of 373
Asking price / sq ft$183 -3.5% 3-month average vs a year earlier

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Oct 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut≈ 34% +0.3 pts 3-month average vs a year earlier
204th of 385
New housing units permitted657

The median asking price $325K runs about 3% above the median sale price $314K.

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Oct 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Sep 2026. Asking is the median list price of active listings (Realtor.com, Oct 2026); sale is the headline median of recent closings (Redfin, Jul–Sep 2026) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data12 shown of 38
MLS board of recordStellar MLS
Price methodologyRedfin vs FHFA HPI
Sale-price windowJul–Sep 2026

Recent signals

No signals flagged for this market right now.

Recent notable readings

Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.

Housing Economy

Lakeland · ConstructionCOPIED

Lakeland builders pulled 3.8% fewer single-family permits than a year earlier

Single-family building permits in the Lakeland metro area, by month, one line per year, units

AprJulOct2505007501,0001,25020252026
AprJulOct2505007501,0001,25020252026
2024
Chart data
Month202420252026
Dec542442—
Nov434332—
Oct503504—
Sep609564625
Aug717547541
Jul716548622
Jun627636519
May955614590
Apr834614588
Mar725498641
Feb740594642
Jan1,139696485

Source: U.S. Census Bureau, Building Permits Survey · data through September 2026

Builders in the Lakeland metro area pulled 6,531 single-family permits in the twelve months through September 2026, 3.8% fewer than in the twelve months before. So far in 2026, permits are running 1.1% below the same months of 2025.

Why it matters. Permits come before starts, and starts come before new homes for sale, so this is the earliest read on how much new building is planned in the Lakeland area. When the permit pipeline shrinks, buyers see fewer new-build options later; when it grows, sellers of existing homes face more competition from builders.

Lakeland · Home pricesCOPIED

Lakeland home prices are 2.4% higher than a year ago

Home prices in the Lakeland metro area, change from a year earlier, FHFA all-transactions index, quarterly, percent; shaded bars mark recessions

1990200020102020-20%0%20%40%60%Lakeland
1990200020102020-20%0%20%40%60%Lakeland
No changeRecession
Chart data
DateLakeland
Jun 20262.4%
Mar 20261.5%
Dec 2025-0.5%
Sep 2025-3.2%
Jun 2025-0.5%
Mar 20250.2%
Dec 20241.9%
Sep 20243.8%
Jun 20240.8%
Mar 20245%
Dec 20235.3%
Sep 20232.5%
Jun 20237.2%
Mar 202314.4%
Dec 202218.2%
Sep 202225.5%
Jun 202229.9%
Mar 202226.2%
Dec 202123%
Sep 202121.9%
Jun 202115.2%
Mar 202110.1%
Dec 202010.1%
Sep 20206.9%
Jun 20206.8%
Mar 20207.9%
Dec 20197%
Sep 20196%
Jun 20197.2%
Mar 20198.4%
Dec 20189%
Sep 201810.9%
Jun 201811.2%
Mar 201810.9%
Dec 20179.9%
Sep 201710.1%
Jun 20178.4%
Mar 20179.5%
Dec 20169.3%
Sep 20169.1%
Jun 20168.1%
Mar 20168.1%
Dec 20158.6%
Sep 20156.8%
Jun 20158.8%
Mar 20156.2%
Dec 20147.6%
Sep 20149.6%
Jun 20149%
Mar 201411.6%
Dec 20137.7%
Sep 20136.7%
Jun 20137.5%
Mar 20132.1%
Dec 2012-0.8%
Sep 2012-1.1%
Jun 2012-2.1%
Mar 2012-4.1%
Dec 2011-7.2%
Sep 2011-10.9%
Jun 2011-11.6%
Mar 2011-14.3%
Dec 2010-9.1%
Sep 2010-11.2%
Jun 2010-18.4%
Mar 2010-17.8%
Dec 2009-14.7%
Sep 2009-16.2%
Jun 2009-13%
Mar 2009-14.2%
Dec 2008-18.3%
Sep 2008-14.5%
Jun 2008-12.2%
Mar 2008-5.9%
Dec 2007-3.3%
Sep 20070.9%
Jun 20074.1%
Mar 20076.4%
Dec 200612.7%
Sep 200618.5%
Jun 200627.3%
Mar 200634.5%
Dec 200531.8%
Sep 200526.4%
Jun 200521.5%
Mar 200515.7%
Dec 200413.4%
Sep 200413.2%
Jun 20048.9%
Mar 20048.3%
Dec 20037.7%
Sep 20035.9%
Jun 20036.1%
Mar 20035.7%
Dec 20026.3%
Sep 20025.4%
Jun 20026.7%
Mar 20025.7%
Dec 20015.5%
Sep 20017.9%
Jun 20016.9%
Mar 20017.7%
Dec 20005.4%
Sep 20003.4%
Jun 20001.6%
Mar 20001%
Dec 19992.1%
Sep 19993.7%
Jun 19993.5%
Mar 19992.1%
Dec 19983.9%
Sep 19982.9%
Jun 19985.4%
Mar 19986.9%
Dec 19975.1%
Sep 19974.8%
Jun 19973.5%
Mar 19971.4%
Dec 19960.7%
Sep 19960.9%
Jun 19962.9%
Mar 19964.5%
Dec 19955%
Sep 19955.3%
Jun 19951.5%
Mar 1995-0.2%
Dec 1994-1.9%
Sep 1994-1.3%
Jun 1994-0.2%
Mar 19943.5%
Dec 19932.6%
Sep 19931.7%
Jun 19932%
Mar 19930.1%
Dec 19924.7%
Sep 19924.3%
Jun 19923.4%
Mar 19924.8%
Dec 19912%
Sep 19911.3%
Jun 19913.1%
Mar 19911.4%
Dec 19901.1%
Sep 19902.5%
Jun 19902.8%
Mar 19902.2%
Dec 19893.9%
Sep 19893.4%
Jun 19893.1%
Mar 1989-1.3%
Dec 19881.4%
Sep 19882.3%
Jun 1988-0.3%
Mar 19884%
Dec 19874.5%
Sep 1987-0.5%
Jun 19873.5%
Mar 19871.5%
Dec 19860.7%
Sep 19860.8%
Jun 19861.3%
Mar 19865.6%
Dec 19856.4%
Sep 19855.3%
Jun 19855%
Mar 1985-7.3%
Dec 1984-10.3%
Sep 1984-2%
Jun 1984-1.8%
Mar 198410.1%
Dec 1983-2.3%
Sep 19832.5%
Jun 19833.8%
Mar 19838.8%
Dec 198212.3%
Sep 19823%
Jun 198216.9%

Source: FHFA house price index; recession dates from NBER · data through Q2 2026

FHFA's all-transactions index for the Lakeland metro area in the second quarter of 2026 was 2.4% above its level a year earlier. Since 1982, prices have risen an average of 4.4% a year. Nationally, prices were 3.0% higher than a year earlier.

Why it matters. Long-run context shows how the latest change in Lakeland home prices compares with the market's own history, including the recessions shaded on the chart. When appreciation slows, sellers have less room for a list price to run ahead of recent sales, and buyers feel less pressure to stretch to keep up; when it speeds up, the reverse holds: list prices can run ahead of recent sales and buyers compete harder.

Price reconciliation

amber · 3.2pp

Redfin (metro)

-0.8%

FHFA HPI · Q2 2026

+2.4%

Year-over-year home-price change from two independent methods — Redfin (sale prices over the last 3 months) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in FL

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ZIP-level data

ZIPMedian list priceActive listingsNew listingsPrice reductionsDays on marketHome value
33801$280K↓132↑40↑56↑87↑$231K↓
33810$350K↓191↑40↑52↑68↓$315K↓
33811$342K↓121↓40↑48↓60↓$335K↓
33813$425K↓145↑52↑64↑75↑$369K↓
33823$349K↓219↑44↑100↑77↑$304K↓
33837$375K↓666↑188↑192↑79↓$335K↓
33844$313K↓410↓120↓160↓80↑$292K↓
33880$269K↓152↓40↓40↓81↓$251K↓
33881$275K↓232↑52↓84↑94↑$263K↓
33884$302K↓284↓80↓112↓85↑$295K↓
33896$415K↓559↓100↓140↓106↓$352K↓
33897$406K↓424↓76↓108↓89↓$341K↓

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.