Rental numbers for the Lakeland, FL metro
The typical home here runs -$686 a month at 7.78% with 25% down, breaking even at about 2.8%. 0 of 24 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.6%.
- Gross yield
- 7.5%
- typical home, Zillow
- Median ZIP yield
- 7.6%
- 24 ZIPs with full data
- Cash flow
- -$686/mo
- at 7.78%, 25% down
- Typical price
- $296,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,840/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
35 with published figures
| 33854Lake Wales | $89,000 | $1,210* | 16.3% | 8.8% | +$175 | n/a |
| 33815Lakeland | $183,000 | $1,740 | 11.4% | 5.7% | -$117 | +2.2% |
| 33840Eaton Park | $191,000 | $1,720* | 10.8% | 5.9% | -$82 | n/a |
| 33853Lake Wales | $220,000 | $1,647 | 9.0% | 4.6% | -$347 | n/a |
| 33844Haines City | $293,000 | $2,088 | 8.6% | 4.4% | -$495 | +1.3% |
| 33830Bartow | $277,000 | $1,918 | 8.3% | 4.5% | -$455 | +5.1% |
| 34759Poinciana | $276,000 | $1,908 | 8.3% | 4.2% | -$527 | +1.9% |
| 33898Lake Wales | $250,000 | $1,673 | 8.0% | 3.9% | -$542 | n/a |
| 33805Lakeland | $232,000 | $1,538 | 8.0% | 3.8% | -$509 | +1.4% |
| 33881Winter Haven | $263,000 | $1,737 | 7.9% | 3.8% | -$591 | +4.3% |
| 33801Lakeland | $233,000 | $1,513 | 7.8% | 3.8% | -$520 | +2.7% |
| 33850Lake Alfred | $307,000 | $1,981 | 7.8% | 4.0% | -$628 | n/a |
| 33810Lakeland | $316,000 | $2,036 | 7.7% | 4.0% | -$646 | +3.5% |
| 33897Davenport | $342,000 | $2,175 | 7.6% | 4.0% | -$707 | +2.3% |
| 33880Winter Haven | $252,000 | $1,599 | 7.6% | 3.6% | -$590 | +2.9% |
| 33811Lakeland | $333,000 | $2,088 | 7.5% | 3.9% | -$726 | +3.3% |
| 33860Mulberry | $285,000 | $1,783 | 7.5% | 3.7% | -$656 | +1.0% |
| 33827Lake Wales | $301,000 | $1,850* | 7.4% | 3.6% | -$719 | n/a |
| 33837Davenport | $334,000 | $2,052 | 7.4% | 3.5% | -$811 | +1.3% |
| 33843Frostproof | $215,000 | $1,316 | 7.3% | 2.6% | -$684 | n/a |
| 33884Winter Haven | $296,000 | $1,804 | 7.3% | 3.6% | -$716 | +0.2% |
| 33823Auburndale | $303,000 | $1,810 | 7.2% | 3.5% | -$746 | +1.5% |
| 33838Dundee | $265,000 | $1,550* | 7.0% | 3.2% | -$720 | n/a |
| 33813Lakeland | $370,000 | $2,155 | 7.0% | 3.5% | -$908 | -0.9% |
| 33803Lakeland | $287,000 | $1,592 | 6.7% | 2.9% | -$847 | +2.8% |
| 33839Eagle Lake | $284,000 | $1,560* | 6.6% | 2.8% | -$864 | n/a |
| 33841Fort Meade | $228,000 | $1,210* | 6.4% | 2.3% | -$787 | n/a |
| 33809Lakeland | $311,000 | $1,627 | 6.3% | 2.8% | -$949 | +2.4% |
| 33812Lakeland | $373,000 | $1,904 | 6.1% | 2.8% | -$1,154 | -4.0% |
| 33896Davenport | $352,000 | $1,795 | 6.1% | 2.6% | -$1,142 | -0.6% |
| 33859Lake Wales | $272,000 | $1,360* | 6.0% | 2.1% | -$988 | n/a |
| 33868Polk City | $261,000 | $1,280* | 5.9% | 2.3% | -$915 | n/a |
| 33851Lake Hamilton | $309,000 | $1,450* | 5.6% | 2.1% | -$1,135 | n/a |
| 33855Lake Wales | $293,000 | $1,320* | 5.4% | 1.9% | -$1,124 | n/a |
| 33849Lakeland | $395,000 | $1,550* | 4.7% | 1.7% | -$1,568 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -2.4%
- Rent, 12 months
- +1.1%
- Rent minus price growth
- +3.6 pts
- Property tax
- 0.71%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $251,228 | $1,554 |
| Aug 2022 | $322,738 | $1,761 |
| Aug 2023 | $316,754 | $1,795 |
| Aug 2024 | $317,300 | $1,804 |
| Aug 2025 | $303,164 | $1,819 |
| Aug 2026 | $295,821 | $1,840 |
Counties
- Polk County, FL7.6% median yield
Tools
Questions
- Is the Lakeland, FL metro good for rental property?
- The typical home here runs -$686 a month at 7.78% with 25% down, breaking even at about 2.8%. 0 of 24 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.6%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Lakeland, FL metro have the highest rental yield?
- 33815 (Lakeland) at 11.4%, 33853 (Lake Wales) at 9.0%, 33844 (Haines City) at 8.6%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.