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Market Snapshot

Median listing price
$220K

The median listing price in Lakeland, FL ZIP 33815 is $220,000 as of June 2026.

Median rent
$1,300/mo

The median market rent in Lakeland, FL ZIP 33815 is $1,300/month as of June 2026.

Days on market
334 days

The median days on market in Lakeland, FL ZIP 33815 is 334 days as of June 2026. The market is currently neutral.

Gross rental yield
7.09%

At a median list price of $220,000 and a median rent of $1,300/month, the gross rental yield in Lakeland, FL ZIP 33815 is 7.09% as of June 2026.

STR vs LTR
$1,721/mo STR · $1,300/mo LTR

In Lakeland, FL ZIP 33815, median Airbnb revenue is $1,721/month compared to median long-term rent of $1,300/month as of June 2026.

Lakeland, FL 33815 Real Estate Market Report

ZIP Code: 33815

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
27
Active Listings
14
Sold Properties
13

Market Metrics

Median Listing Price
$220,000
Median Sold Price
$209,000
Median Price per Sqft
$164/sqft

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.


Rental Market

Median Market Rent
$1,300

Property Taxes

Property Tax Rate
0.80%

Liquidity & Velocity

Median Days on Market
334
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lakeland FL are averaging approximately 6.5%, reflecting a market environment where rates have trended upward from early 2026 lows of 5.7%.

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


Key Findings

  1. The primary market indicator is the $209,000 median sold price, which reflects recent transaction levels and suggests realized value in ZIP 33815; note that this sits below the $220,000 median listing price, indicating sellers may be adjusting expectations or that there is a pricing gap between asking and achieved prices. pricing friction
  2. The median days on market of 334 points to materially slower sales velocity and suggests transactions are taking considerably longer to close than in a typical fast-moving market; this extended time on market may indicate buyers are negotiating harder or waiting for clearer value. down
  3. Broader trend context shows price year-over-year trend: down and rent year-over-year trend: down, which together imply both capital and rental demand are softening in the area and may pressure near-term appreciation. down
  4. Financing and market balance signals show a neutral market temperature with moderate interest rate pressure, meaning the market balance is currently neither strongly favoring sellers nor buyers but is sensitive to interest rate movements around prevailing mortgage conditions. neutral

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.

Recent Transactions

731 S Missouri Ave, Lakeland, FL 33815
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds3 baths2,789 sqft
$569,000
Apr 1, 2026
$204/sqft/sqft
264 days on market
652 Candyce Ave, Lakeland, FL 33815
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds1 baths1,048 sqft
$233,000
May 1, 2026
$222/sqft/sqft
84 days on market
943 Ruby St, Lakeland, FL 33815
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds1 baths1,025 sqft
$219,000
Mar 1, 2026
$214/sqft/sqft
164 days on market
2330 Azalea Ct, Lakeland, FL 33815
Value

Sold below market average

2 beds2 baths1,737 sqft
$170,000
Mar 1, 2026
$98/sqft/sqft
178 days on market
731 Trenton Rd, Lakeland, FL 33815
Premium

Sold above market average

3 beds1 baths520 sqft
$159,000
Apr 1, 2026
$306/sqft/sqft
453 days on market
2033 Wayman St, Lakeland, FL 33815
Premium

Sold above market average

2 beds1 baths660 sqft
$154,100
Apr 1, 2026
$233/sqft/sqft
159 days on market
703 S New York Ave, Lakeland, FL 33815
Value

Sold below market average

2 beds1 baths1,152 sqft
$103,000
Apr 1, 2026
$89/sqft/sqft
612 Saratoga Ave, Lakeland, FL 33815
Market Benchmark

Sold at market average

2 beds1 baths653 sqft
$101,000
Apr 1, 2026
$155/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$39/mo
33815 Avg Rent
33815 Cost to Own
Rent$1,300
Own$1,261

20% down, 6.53% rate, 0.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

33815 Avg nightly rate
33815 Avg occupancy (days/year)
Nightly rate$154/night
Occupancy125 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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