Homes For Sale in Lakeland FL Under $500K

Homes For Sale in Lakeland FL Under $500K

Top Picks for Homes for Sale in Lakeland FL Under 500k

Welcome to the charming city of Lakeland, FL, where the dream of owning a home becomes a reality! Nestled between the bustling cities of Tampa and Orlando, Lakeland offers affordable homes for every budget without compromising on quality or style.

Homes For Sale in Lakeland FL

From single-family homes to multi-family dwellings and swanky condos, there’s a perfect home for everyone. But keep your eyes peeled for the best deals, especially when looking for homes for sale in Lakeland FL under 500k, as properties in this scenic city don’t stay on the market for long!

Key Takeaways

  • Lakeland, FL offers a wide range of affordable housing under $500K, including single-family homes, multi-family units, condos, and townhouses, each providing different lifestyle benefits and amenities.

  • Prospective homeowners in Lakeland can choose from over 818 new construction homes under $500K with modern, energy-efficient features and the option for customization to suit personal preferences.

  • The city of Lakeland is not only cost-effective but also boasts a growing job market, a variety of local amenities and recreational activities, and top-rated schools, making it an attractive destination for potential residents.

Discover Affordable Lakeland Real Estate Listings

Various styles of homes for sale in Lakeland FL under 500KUpon entering the sale Lakeland real estate market, discover 901 homes available under 500K. Finding your dream home in sunny Florida has never been easier! So, whether you’re a first-time buyer, looking to downsize, or scouring for an investment property, Lakeland has got you covered!

These listings, obtained from Wendy Morris Realty MLS and deemed reliable, are exclusively for prospective buyers interested in purchasing real estate. Time to explore the details and locate your ideal home!

Single-Family Homes in Lakeland FL Under 500K

Lakeland offers an array of choices if a traditional single-family home is what you’re after. With 123 homes available under $500,000, including properties in popular neighborhoods like Lakeland FL 33811 and Lakeland FL 33810, finding the perfect home is just a click away.

The typical size of these homes is approximately 2,000 square feet, providing ample space for your family. Architectural styles range from:

  • Coastal Contemporary

  • Mediterranean

  • Spanish Style

  • Victorian

This offers choices to match your aesthetic preferences.

The neighborhoods of Lake Hollingsworth, Grasslands, Cleveland Heights, Highlands, Lakeland Highlands, Christina, and Lakeside Village are particularly sought after for single-family homes. These neighborhoods offer the perfect blend of tranquility and convenience, making them ideal for families.

Multi-Family Homes in Lakeland FL Under 500K

Multi-family homes under 500K present a fantastic opportunity for investors or those seeking multi-generational living. With an average price of $399,000, there are currently 26 multi family home options listed in this price range, offering excellent value for your money.

These properties, including those in Lakeland FL 33813, typically include:

  • Multiple units or apartments within a single building

  • Shared amenities like parking spaces or laundry facilities

  • The opportunity to generate rental income from the additional units

Lakeland FL Realtor

These homes also provide tax benefits such as depreciation expenses, making them a smart investment choice with an added advantage.

Check out listings for multi-family homes on popular real estate sites like Realtor.com, Movoto, Homes.com, and Trulia to explore the diverse range of options available. We can assist with any homes for sale.

Condos and Townhouses in Lakeland FL Under 500K

Condo living, which includes condos and townhouses, is an excellent choice for individuals favoring lower-maintenance living without sacrificing amenities. These properties provide:

  • Increased privacy

  • Reduced noise

  • Access to a variety of community amenities such as nature areas, pools, golf courses, sports facilities, parks, and more.

These communities often include desirable features like:

  • Gated entrances

  • Waterfront views

  • Lakefront pools

  • Fitness gyms

  • Fishing piers

  • Business centers

  • Clubhouses

  • Tennis courts

  • Resort-style pools

  • Walking trails

  • Playgrounds

With such a plethora of amenities, you’ll enjoy a rich lifestyle right at your doorstep.

You can find these condos and townhouse listings on websites such as Homes.com and Redfin, which provide real-time updates and direct connections with listing agents.

New Construction Homes in Lakeland FL Under 500K

Modern new construction homes in Lakeland FL under 500KLakeland caters to those with a preference for new constructions. With over 818 new construction floor plans available under 500K, you can find modern homes built with precision and care by top builders like:

  • Focus Homes

  • Jeffery M Wolf General Contractor, Inc.

  • Hughes Construction

  • J&J Building

  • Campagna Homes

These homes come with energy-efficient features like:

  • PV electric systems

  • Green building programs

  • ENERGY STAR certifications

  • WiFi smart features

  • Tilt-in sash windows

These features help reduce your carbon footprint and help you save on your energy bills.

What’s more, you can customize your new house to reflect your style and preferences. Whether it’s the size, architecture, design, layout, or amenities, the choice is all yours!

Top Neighborhoods with Homes for Sale in Lakeland FL Under 500K

Lakeland boasts top neighborhoods with homes for sale under 500K, perfect for those who prioritize location. Winston, Lake Hollingsworth, and Venice Farms are among the top picks, each offering its unique charm and community vibe.

Lake Hollingsworth is a lively residential locality with a picturesque lake and outdoor activities. Grasslands is an upscale district featuring spacious residences, a golfing community, and top-tier amenities. Cleveland Heights is a family-oriented area offering access to retail and dining establishments, along with a mix of starter homes and larger properties.

These neighborhoods also boast top-rated schools like:

  • Lincoln Avenue Academy

  • McKeel Elementary Academy

  • Cleveland Court Elementary School

  • Lakeland Montessori

  • Polk Pre-Collegiate Academy

  • Ridgeview Global Studies Academy

So, you can be assured of a well-rounded, non commercial community experience with the rockingham ii plan, ensuring easy contact on our site.

Search Tips for Finding Your Perfect Lakeland Home Under 500K

Engaging with a local real estate agent can also be beneficial. Our real estate agents offer:

  • Access to regional programs and assistance in locating suitable, affordable housing

  • Access to a wider array of home listings

  • Expert assistance throughout the purchasing process

  • Insider knowledge of the market

  • Negotiation skills

Remember, patience is key when searching for your perfect home. Save your searches, keep your options open, and don’t rush your decision. Your dream home could be just around the corner!

Financing Options for Homes Under 500K in Lakeland FL

Financial planning plays a pivotal role in the home buying process. FHA loans are a popular option for buyers with credit scores ranging from 500 to 579, where a down payment of 10% is required, and the debt-to-income ratio should not exceed 50%.

VA loans are another great alternative, especially for veterans, offering benefits such as:

  • No down payment requirement

  • Lower interest rates

  • No mandatory private mortgage insurance

  • Adaptable credit requirements

  • Some loans assumable

Conventional mortgages are also available where you can apply online or in-person at a lender’s branch.

First-time homebuyers also have access to various programs that offer homebuyer counseling, down payment, and closing cost assistance.

Local Schools and Amenities Near Homes for Sale in Lakeland FL Under 500K

Residing in Lakeland ensures convenient access to a wide variety of local amenities. Some of the parks near the homes for sale include:

  • Bonnet Springs Park

  • Circle B Bar Reserve

  • Hollis Garden

  • Common Ground Park

  • Lake Hollingsworth

These parks give you and your family plenty of options for outdoor fun and relaxation.

Shopping centers within easy reach include:

  • Lakeside Village

  • Southgate Shopping Center

  • Lakeland Square Mall

  • Palm Center Mall

These centers offer a wide selection of retail outlets for all your shopping needs.

For recreational activities, facilities provided by the Lakeland Parks, Recreation, and Cultural Arts Department such as the Kelly Recreation Complex and Simpson Park Community Center are just a stone’s throw away.

With such a plethora of amenities, you’ll enjoy a rich lifestyle right at your doorstep.

The Advantages of Living in Lakeland FL

Residing in Lakeland comes with numerous benefits. The city’s central location and lower cost of living compared to other Florida cities make it a great place to settle down. The job market is thriving with a 2.9% increase over the past year, with key employers such as Publix and Amazon providing ample employment opportunities.

For outdoor enthusiasts, recreational activities abound. You can:

  • Visit the Safari Wilderness

  • Explore Bonnet Springs Park

  • Participate in outdoor sports like hiking, water sports, biking, and mini-golf at locations such as Tenoroc Fish Management Area and Holloway Park.

In conclusion, Lakeland offers a high quality of life with its:

  • picturesque lakes

  • abundant Old Florida heritage

  • natural scenic attractions

  • affordable living

  • diverse employment prospects

  • absence of state income tax

However, do take into account the data on traffic congestion and a relatively high crime rate while making your decision to co-locate.


In conclusion, Lakeland, FL, offers a diverse range of affordable homes under 500K, whether you’re looking for single-family homes, multi-family homes, condos, townhouses, or new constructions. With top neighborhoods, excellent schools, local amenities, and a thriving job market, Lakeland is a wonderful place to call home. So, why wait? Start your search today and find your dream home in the charming city of Lakeland!

Frequently Asked Questions

What is the best place to live in Lakeland?

The best place to live in Lakeland is a matter of preference, but some popular neighborhoods for families include Lake Hollingsworth, Cleveland Heights, and Lakeland Highlands, each offering its own unique charm and amenities.

Is Lakeland Florida a good place to retire?

Yes, Lakeland, Florida is a good place to retire, being ranked among the top 20 places to retire in the U.S. It offers better weather year-round, affordable access to recreational opportunities, and cultural attractions.

Is Lakeland Florida affordable to live?

Yes, Lakeland, Florida is generally affordable to live in, with a cost of living 13% lower than the national average and 17% lower than the state average. The median home price is $299,281, which is less than the national average.

Is Lakeland Florida a good investment?

Yes, Lakeland, Florida can be a good investment due to its relatively affordable housing market and upward trend in median list prices, offering potential growth opportunities.

How many homes are available for purchase for under 500K in Lakeland, FL?

Currently, there are 901 homes available for purchase under 500K in Lakeland, FL.

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 3/1/24 11:59 PM) |

Listing Search

Translate Tool

Featured Listings
Auburndale Real Estate
LAKEFRONT/POOL HOME offering 4 Bedrooms and 3 Baths. Two master bedrooms, two guest bedrooms, three baths including on... Read More
Auburndale Real Estate
Former Model Home! Pride in ownership shows throughout this spacious 4 bedroom, 3 bath, Cassidy built home, that is ... Read More
Auburndale Real Estate
If you have ever dreamed of the farm life, a slice of Southern heaven awaits you! Don't miss this rare opportunity to o... Read More
Auburndale Real Estate
Preferred location . Centered between Orlando and Tampa and only about an hour from beaches, and other attractions. Ton... Read More
Auburndale Real Estate
4.5 BATH
Discover unparalleled luxury in this exquisite 5-bedroom, 4.5-bathroom residence nestled within the gated community of ... Read More
Auburndale Real Estate
Here is a truly extraordinary retreat that blends charm, and a feel of Montana, with the allure of a Polynesian-style ... Read More
Auburndale Real Estate
Beautiful 10.15 acres of land with mature trees. Close to town but still has all the feelings of country life. Owner was... Read More
Auburndale Real Estate
You Won’t Believe Your Eyes! Step into luxury as you enter this meticulously maintained 4-bed, 3-bath haven that stands... Read More
Auburndale Real Estate
***Huge Price Adjustment! *** BRAND NEW ROOF***Newly Resurfaced Garage Floor*** This can be an easy assumable mortgage w... Read More
Bartow Real Estate
4.5 BATH
Welcome to luxury living at its finest! This stunning 4-bedroom, 4 1/2-bathroom Hulbert custom-built home is a masterpi... Read More
Contact Wendy Morris


Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2024 lakelandluxuryhomes.com - all rights reserved. | Site Map