Lakeland, FL home prices
Typical home $295,502 · -2.2% in a year · income needed $82,100
The Lakeland, FL metro area ranks 330 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -2.2% in a year and +15.7% over five years. With 20% down at 7.11%, the typical home costs about $1,917 a month including 0.73% property tax (Polk County rate).
Mortgage on the typical Lakeland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,100 | $236,402 | $1,590 | $0 | $326 | $1,917 | $82,100 |
| 10% down | $29,550 | $265,952 | $1,789 | $111 | $326 | $2,226 | $95,400 |
| 5% down | $14,775 | $280,727 | $1,888 | $117 | $326 | $2,332 | $99,900 |
| 3.5% down (FHA) | $10,343 | $290,150 | $1,952 | $131 | $326 | $2,409 | $103,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lakeland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Polk County, FL | $295,509 | -2.2% | 0.73% |
What can you afford in Florida on your salary? · Florida home prices · Salaries in Florida
Frequently asked questions
How much is a house in Lakeland?
The typical home in the Lakeland, FL metro area is worth $295,502 (Zillow, September 2026).
What salary do you need to buy a house in Lakeland?
About $82,100 a year for the typical home with 20% down at 7.11%.