Interested in Lakeland FL real estate for sale? Look no further you have happened upon the best real estate site in all of Lakeland Florida or the local area. There are hundreds of pages of valuable information on this site. Here you will find information regarding the homes for sale, the communities, the parts of town, local shopping, local schools, local parks and everything else you may need.
The local housing market if fairly large, and fairly strong. One of the indicators is growth rate but another is new communities being built in the area. The area between Tampa and Orlando is growing rapidly and Lakeland is the largest city and has more homes available than most of the surrounding cities. When you get to Kissimmee obviously that begins to change.
413 traditional homes sold here in Lakeland in the previous month. That is a lot of homes to sell when you consider typically the re-sale rate is around 6% a year in a stable community. The median selling price of a home here in the previous 30 days ending 05/11/2021 was $255,000. The median price is slightly lower north of Interstate-4. Most of the local residents will tell you that the nicest part of town is South Lakeland FL. The numbers bear that out and so does the number of gated communities.
By commerce I mean shopping and consuming. We all have to do it and if the area is worth living in you can get to what you need in 5 to 10 minutes. Most of the commerce here falls into one of two locations. US-98 just north of Interstate-4 is absolutely loaded with restaurants, stores and service providers. Included in that is of course Lakeland Square Mall. As you drive north on US-98 things get a little more sparse but thanks to the speed limits and traffic flow even the residents in North Lakeland can usually be where they need in 10 to 15 minutes.
South Lakeland has options but the overwhelming choice should be FL-37 aka Florida Avenue South. FL-37 runs north and south on the west side of the city. From the Sam's Club in SW Lakeland north for about 9 miles you have shopping and dining etc on both sides of the road. Obviously this means the commercial real estate market also has opportunities for those so inclined. We can also help you with that and Wendy Morris is a Licensed Commercial Broker.
Many Investors choose to buy and lease residential properties. There is plenty of opportunity to do that here in Lakeland and yes, we manage residential real estate properties. Around 815 homes are leased here in the city each year. that is a really strong number and here is how it breaks down even further. 468 of those homes are south of Main Street. The median monthly rent is $1,400 but let's look at just traditional single-family homes.
311 traditional single-family homes rented south of Main Street in Lakeland Florida in the previous year. The median rental price was $1,500. One hundred homes rented for $2,000 or more and the highest priced rental was $5,500 per month in Heritage Lakes.
If you are interested in investing in a home for sale in Lakeland FL reach out to us. Whether your goals are peace and quiet or capitol gains you can achieve it here in Lakeland. We certainly would be glad to help you with any Lakeland Florida Real Estate.