Lakeland, FL 33805 Real Estate Market Report

ZIP Code: 33805
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Lakeland, FL (ZIP: 33805) is currently $262,000, reflecting a notable shift in market dynamics as the area has experienced a year-over-year price trend that is down. This decrease suggests that buyers may have more negotiating power, as homes are selling below their listing prices. The market appears to be adjusting to elevated inventory levels, with homes taking a median of 232 days on market, indicating a slower sales velocity compared to previous periods.

Despite the cooling in home values, rental rates are showing resilience with a median market rent of $1,650, which has seen slight annual increases. This divergence between the rental and sales markets may indicate a sustained demand for rental properties, even as the sales market experiences a downturn. The overall market temperature remains neutral, suggesting a balance between supply and demand, albeit with some pressure from elevated inventory relative to sales activity.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lakeland, FL, around 6.000% are slightly higher than the recent Florida average of 5.875% seen in mid-February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $262,000 indicates a down trend in home values, suggesting potential pricing friction for sellers.

2. Homes are taking a median of 232 days on market, reflecting slower sales velocity and indicating a shift in buyer sentiment.

3. The median listing price stands at $275,000, which is significantly higher than the sold price, highlighting potential pricing friction in the market.

4. Rental rates are increasing with a median market rent of $1,650, suggesting a strong rental demand despite the cooling sales market.

5. Current interest rates for 30-year fixed mortgages are around 6.000%, which is slightly above the recent Florida average, contributing to moderate interest rate pressure on buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.