Lakeland, Florida

Polk County Real Estate - Lakeland

Lakeland is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 97,422.

The median age for residents of Lakeland is 39.8. Around 26.6% of Lakeland households include school aged children and 34.7% of households include individuals aged 65 years or over. Census records indicate 70.8% of the Lakeland population are White, 20.8% are Black or African American, .3% American Indian, 1.8% Asian and 2.6% are Two or more Races.

There are 48,218 housing units in Lakeland. 7,460 (15.4%) of these were reported as vacant in the 2010 Census. Lakeland is a tourist destination, 28.5% (2,128) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 20,696 residential rental units in Lakeland. 17,679 of them were occupied in 2010 providing a residential rental vacancy rate of 14.1%.

Lakeland links:

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Lakeland is located in Polk County. It has a population of approximately 97,422 people. The population increased 2.6% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 2.3% for Polk County and a 1.7% increase for the country as a whole. Lakeland occupies 65.27 of the 1797.84 square miles in Polk County. It had a population density of 1492.6 persons per square mile in 2010. This compared to 334.9 for the county, 350.6 for Florida and 87.4 for the country.

17.2% ( 48,218) of the 281,004 housing units in Polk County are in Lakeland (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Lakeland has a 56.8% homeownership rate compared to Polk County's 71.7% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Polk County 602,095 $27,540 2.3% $44,398 281,004 $133,200
Lakeland 97,422 $13,8602.6%$40,650 48,218$136,300

Lakeland's medium household income in 2011 was $40,650. Polk County's medium household income was $44,398, which is lower than the medium income for Florida as a whole: $47,827. 15.8% of the population in Lakeland lives below the poverty line, compared to 14.7% in Florida, 16.4% of the population in Polk County and 14.3% nationwide. Additional Information:

Lakeland Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Lakeland. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $13,860 million, Lakeland's economic activity represents 50.33% of Polk County's $27,540MM in economic activity. Polk County represents 4.37% of the Florida economy.

Lakeland Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $1,002 7.2%
Merchant wholesaler sales $10,347 74.7%
Retail sales $2,250 16.2%
Accommodation and food services sales $261 1.9%
Total $13,860100%

Polk County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Auburndale 13,507 $1,3553.0%$42,099 5,670$140,800
Bartow 17,298 $1,6762.1%$46,034 7,130$126,600
Fort Meade 5,626 $971.6%$41,124 2,453$87,000
Haines City 20,535 $3332.2%$36,261 9,076$100,200
Kathleen 6,332 $0X$47,022 2,397$128,200
Lake Alfred 5,015 $02.1%$32,397 2,169$118,300
Lake Wales 14,225 $7133.3%$36,049 6,900$139,400
Lakeland 97,422 $13,8602.6%$40,650 48,218$136,300
Winter Haven 33,874 $1,2223.3%$36,895 17,037$125,000

Polk County is located in the Tampa Bay Region. This region is responsible for 22.6% of Florida's economic activity. Polk County represents 19.3% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Citrus County 141,236 $1,515 -1.3% $38,189 78,423 $134,800
Hernando County 172,778 $2,311 0.4% $42,700 84,887 $145,000
Pasco County 464,697 $6,731 1.2% $44,103 231,008 $145,100
Hillsborough County 1,229,226 $48,928 3.9% $50,195 540,190 $185,900
Pinellas County 916,542 $37,192 0.5% $45,891 504,146 $172,900
Polk County 602,095 $27,540 2.3% $44,398 281,004 $133,200
Manatee County 322,833 $9,029 3.4% $48,181 173,660 $195,300
Sarasota County 379,448 $9,371 1.8% $49,212 229,346 $213,400
Total 4,318,438 $142,617 1.5% $45,359 2,122,664 $165,700

Lakeland Real Estate

There are 81,628 properties in Lakeland. The following table shows a summary of them based on 2014 sales data.

Lakeland Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 1,035 1.27 7 $261,000 $84January 1st, 2014April 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 273 0.33 9 $54,900 $42January 1st, 2014August 1st, 2014
Health Care 28 0.03 0n/an/an/an/a
Hotel & Motel 46 0.06 1 $925,000 $68August 1st, 2014August 1st, 2014
Industrial 971 1.19 25 $170,000 $33February 1st, 2014August 1st, 2014
Miscellaneous Property 78 0.10 0n/an/an/an/a
Mobile/Manufactured 9,206 11.28 358 $35,000 $29January 1st, 2014September 1st, 2014
Multifamily 3,078 3.77 108 $71,215 $34January 1st, 2014August 1st, 2014
Office 971 1.19 22 $460,000 $83January 1st, 2014August 1st, 2014
Residential 62,462 76.52 2,697 $109,000 $52January 1st, 2014August 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 1,875 2.30 53 $360,000 $77January 1st, 2014August 1st, 2014
Senior Housing 1,021 1.25 3 $2,817,500 $50May 1st, 2014May 1st, 2014
Special Purpose 507 0.62 4 $124,950 $58January 1st, 2014July 1st, 2014
Sports & Entertaining 77 0.09 1 $250,000 $24January 1st, 2014January 1st, 2014

Agricultural Real Estate in Lakeland, Florida

1,035( 1.27%) of the properties in Lakeland are classified as Agricultural. 7 of them sold between January 1st, 2014 and April 1st, 2014. The total value of these sales was $2,249,400. The median sales price was $261,000. In 2014 the median sales price for Agricultural in Lakeland was $84 per sq ft.

Commercial Real Estate in Lakeland, Florida

0( .00%) of the properties in Lakeland are classified as Commercial.

Government Real Estate in Lakeland, Florida

273( .33%) of the properties in Lakeland are classified as Government. 9 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $513,100. The median sales price was $54,900. In 2014 the median sales price for Government Property in Lakeland was $42 per sq ft.

Health Care Real Estate in Lakeland, Florida

28( .03%) of the properties in Lakeland are classified as Health Care.

Hotel & Motel Real Estate in Lakeland, Florida

46( .06%) of the properties in Lakeland are classified as Hotel & Motel. 1 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $925,000. The median sales price was $925,000. In 2014 the median sales price for Hotel & Motel in Lakeland was $68 per sq ft.

Industrial Real Estate in Lakeland, Florida

971( 1.19%) of the properties in Lakeland are classified as Industrial. 25 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $8,557,743. The median sales price was $170,000. In 2014 the median sales price for A Class Industrial in Lakeland was $69 per sq ft, B Class properties sold for $33/ft and C Class $3/ft.

Miscellaneous Real Estate in Lakeland, Florida

78( .10%) of the properties in Lakeland are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Lakeland, Florida

9,206( 11.28%) of the properties in Lakeland are classified as Mobile/Manufactured. 358 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $15,424,843. The median sales price was $35,000. In 2014 the median sales price for A Class Mobile/Manufactured in Lakeland was $56 per sq ft, B Class properties sold for $29/ft and C Class $12/ft.

Multifamily Real Estate in Lakeland, Florida

3,078( 3.77%) of the properties in Lakeland are classified as Multifamily. 108 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $59,683,429. The median sales price was $71,215. In 2014 the median sales price for A Class Multifamily in Lakeland was $81 per sq ft, B Class properties sold for $34/ft and C Class $11/ft.

Office Real Estate in Lakeland, Florida

971( 1.19%) of the properties in Lakeland are classified as Office. 22 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $9,038,700. The median sales price was $460,000. In 2014 the median sales price for A Class Office in Lakeland was $129 per sq ft, B Class properties sold for $83/ft and C Class $31/ft.

Residential Real Estate in Lakeland, Florida

62,462( 76.52%) of the properties in Lakeland are classified as Residential. 2,697 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $326,624,893. The median sales price was $109,000. In 2014 the median sales price for A Class Residential in Lakeland was $75 per sq ft, B Class properties sold for $52/ft and C Class $24/ft.

Residential Real Estate in Lakeland, Florida

0( .00%) of the properties in Lakeland are classified as Residential.

Retail Real Estate in Lakeland, Florida

1,875( 2.30%) of the properties in Lakeland are classified as Retail. 53 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $36,505,100. The median sales price was $360,000. In 2014 the median sales price for A Class Retail in Lakeland was $221 per sq ft, B Class properties sold for $77/ft and C Class $13/ft.

Senior Housing Real Estate in Lakeland, Florida

1,021( 1.25%) of the properties in Lakeland are classified as Senior Housing. 3 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $23,527,500. The median sales price was $2,817,500. In 2014 the median sales price for Senior Housing in Lakeland was $50 per sq ft.

Special Purpose Real Estate in Lakeland, Florida

507( .62%) of the properties in Lakeland are classified as Special Purpose. 4 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $539,900. The median sales price was $124,950. In 2014 the median sales price for Special Purpose in Lakeland was $58 per sq ft.

Sports & Entertaining Real Estate in Lakeland, Florida

77( .09%) of the properties in Lakeland are classified as Sports & Entertaining. 1 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $250,000. The median sales price was $250,000. In 2014 the median sales price for Sports & Entertaining in Lakeland was $24 per sq ft.

Lakeland, Polk County Market Data

Lakeland Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 931 1,776,653
Government Property 212 3,455,846
Health Care 28 253,774
Hotel & Motel 45 1,789,633
Industrial 922 29,268,349
Land 8,089 6,802,504
Miscellaneous Property 74 236,180
Mobile/Manufactured 9,105 10,978,752
Multifamily 2,374 15,227,111
Office 907 6,231,701
Residential 61,243 141,088,866
Retail 1,752 15,532,663
Senior Housing 634 1,643,465
Special Purpose 315 2,626,772
Sports & Entertaining 71 654,069

Lakeland Median Property Values per Sq Ft

Lakeland Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Auto sales, auto repair and storage or auto service shop 2016 $58$32 $53$16 $43$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $58$37 $53$17 $43$7
Cannery, fruit and vegetable, bottler or brewers, distillery or winery 2016 $58$17 $53$10 $43$5
Centrally assessed 2016 $58$42 $53$15 $43$6
Church 2016 $58$24 $53$12 $43$7
Club, lodge or union hall 2016 $58$24 $53$12 $43$7
College 2016 $58$30 $53$15 $43$7
Community Shopping Center 2016 $58$32 $53$16 $43$8
Condominium 2016 $58$16 $53$16 $43$16
Cooperative 2016 $58$16 $53$16 $43$16
County Owned 2016 $58$30 $53$15 $43$7
Cropland soil capability Class I 2016 $58$27 $53$15 $43$9
Cultural organization, facility 2016 $58$24 $53$12 $43$7
Dairies, feed lots 2016 $58$27 $53$15 $43$9
Department Store 2016 $58$32 $53$16 $43$8
Drive-in Restaurant 2016 $58$32 $53$16 $43$8
Drive-in theater or open stadium 2016 $58$37 $53$17 $43$7
Enclosed theater or auditorium 2016 $58$37 $53$17 $43$7
Federal Owned 2016 $58$30 $53$15 $43$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $58$32 $53$16 $43$8
Florist or greenhouse 2016 $58$32 $53$16 $43$8
Forest, park or recreational area 2016 $58$30 $53$15 $43$7
Golf course or driving range 2016 $58$37 $53$17 $43$7
Grazing land soil capability Class I 2016 $58$27 $53$15 $43$9
Heavy industrial 2016 $58$17 $53$10 $43$5
Home for the aged 2016 $58$15 $53$10 $43$9
Hospital 2016 $58$30 $53$15 $43$7
Hotel or motel 2016 $58$33 $53$33 $43$33
Insurance company office 2016 $58$30 $53$18 $43$11
Light manufacturing 2016 $58$17 $53$10 $43$5
Lumber yard, sawmill or planing mill 2016 $58$17 $53$10 $43$5
Mixed use - store and office or store and residential or residential combination 2016 $58$32 $53$16 $43$8
Mobile Home 2016 $58$6 $53$6 $43$6
Mortuary, cemetery or crematorium 2016 $58$24 $53$12 $43$7
Multi-family - 10 units or more 2016 $58$22 $53$13 $43$7
Multi-family - less than 10 units 2016 $58$22 $53$13 $43$7
Municipal Owned 2016 $58$30 $53$15 $43$7
Nightclub, cocktail lounge or bar 2016 $58$37 $53$17 $43$7
Office building, non-professional service building, multi-story 2016 $58$30 $53$18 $43$11
Office building, non-professional service building, one story 2016 $58$30 $53$18 $43$11
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $58$17 $53$10 $43$5
Orchard Groves, Citrus, etc. 2016 $58$27 $53$15 $43$9
Ornamentals, miscellaneous agricultural 2016 $58$27 $53$15 $43$9
Orphanage, other non-profit or charitable services 2016 $58$24 $53$12 $43$7
Packing plant (fruit and vegetable or meat packing) 2016 $58$17 $53$10 $43$5
Poultry, bees, tropical fish, rabbits, etc. 2016 $58$27 $53$15 $43$9
Private school or college 2016 $58$24 $53$12 $43$7
Privately owned hospital 2016 $58$25 $53$17 $43$11
Professional service building 2016 $58$30 $53$18 $43$11
Public county school 2016 $58$30 $53$15 $43$7
Race track: horse, auto or dog 2016 $58$37 $53$17 $43$7
Regional Shopping Center 2016 $58$32 $53$16 $43$8
Repair service shop (excluding automotive) 2016 $58$32 $53$16 $43$8
Restaurant, cafeteria 2016 $58$32 $53$16 $43$8
Retirement Home not eligible for exemption. 2016 $58$15 $53$10 $43$9
Sanitarium or convalescent rest home 2016 $58$25 $53$17 $43$11
Service station 2016 $58$32 $53$16 $43$8
Single Family 2016 $101$16 $74$16 $58$16
State Owned 2016 $58$30 $53$15 $43$7
Store, one story 2016 $58$32 $53$16 $43$8
Supermarket 2016 $58$32 $53$16 $43$8
Timberland - site index 90 and above 2016 $58$27 $53$15 $43$9
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $58$37 $53$17 $43$7
Utility 2016 $58$42 $53$15 $43$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $58$17 $53$10 $43$5
Wholesale outlet, produce house or manufacturing outlet 2016 $58$32 $53$16 $43$8