Lakeland, FL 33815 Real Estate Market Report

ZIP Code: 33815
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: 33815) is $220,000, reflecting a stable market despite broader trends indicating a cooling in home values. This price point suggests a competitive landscape where buyers are actively engaging, as evidenced by the 204 days on market, which indicates a slower sales velocity. The market appears to be balancing, with elevated inventory levels relative to sales activity, creating a dynamic where sellers may need to adjust expectations to align with buyer sentiment.

In terms of rental dynamics, the median market rent stands at $1,157, which has shown a down trend year-over-year. This softening in rental prices may indicate a shift in demand or an oversupply of rental units, further complicating the investment landscape. Overall, while the market shows signs of stability, the combination of elevated inventory and slower sales velocity suggests that potential buyers and investors should approach with caution, considering the current market conditions.

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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 the Lakeland FL market around 5.8% are notably lower than the 6.51% average seen earlier in 2026, presenting a cost opportunity for refinancing.

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 $220,000 indicates a competitive pricing environment in the local market.

2. With 204 days on market, the sales velocity is slower, suggesting moderate transaction activity.

3. Elevated inventory levels relative to sales activity may create pricing friction for sellers.

4. The median market rent of $1,157 is experiencing a down trend year-over-year, indicating potential oversupply in rental units.

5. Current mortgage rates around 5.8% present a cost opportunity for refinancing, which may influence buyer activity.

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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.