Area Insights of Lakeland, FL

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 3209 homes were sold with 1212 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Lakeland, FL

Date

04-09-2023

Price Ratio

99%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Future Leaders Preparatory School

KG to 7

St Anthony Catholic School

PK to 8

Head of the Class Learning Center

KG to 5

Academy Preparatory Center of Lakeland

5 to 8

Hadleys Early Education Dba Inspire Academ

KG to 5

Middle School

Lakeland Montessori Middle School

6 to 8

Ratings

A

High School

Maynard a Traviss Technical Academy

6 to 12

Ratings

D-

Polk State Lakeland Gateway to College Charter High School

11 to 12

Ratings

B

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 19% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (291,194)
144,520 Male
146,674 Female
Education
32% High School
11% Associate
16% Bachelor
8% Graduate
Age

Average Age is 41 Years

Household Details

The area's household landscape is diverse, with 66% owner-occupied homes and 34% renter-occupied properties. Family households represent 68% of the population, indicating a strong community focus on family living. The average home value stands at $357,080, which suggests ample demand for multi-bedroom properties.

Total Households
114,128
Average home value
$357,080
Owned
66%
Rented
34%
Vacant
8%
Families
68%
Married
49%
With children
31%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 2% Asian, 14% Black, and 0% Native residents, alongside 63% White and 21% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 26% of households earning over $100,000 annually, while 33% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
14%
Professional
6%
Education
7%
Services
28%
Labor
16%
Retail
19%
Other
8%
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