Cities with the fastest growing home prices in Lakeland metro area

Written by:
November 23, 2022
scarp577 // Shutterstock

Cities with the fastest growing home prices in Lakeland metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lakeland-Winter Haven, FL metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 25 cities and towns with data available were included in the list.

You may also like: How Lakeland feels about climate change

1 / 25
Stacker

#25. Frostproof, Frostproof

- 1-year price change: +$37,749 (+22.6%)
- 5-year price change: +$106,527 (+108.7%)
- Typical home value: $204,556 (#25 most expensive city in metro)
2 / 25
Stacker

#24. Homeland, Homeland

- 1-year price change: +$38,053 (+21.8%)
- 5-year price change: +$109,323 (+105.6%)
- Typical home value: $212,884 (#24 most expensive city in metro)
3 / 25
Stacker

#23. Fort Meade, Fort Meade

- 1-year price change: +$41,385 (+22.4%)
- 5-year price change: +$116,889 (+106.8%)
- Typical home value: $226,289 (#23 most expensive city in metro)
4 / 25
Stacker

#22. Babson Park, Babson Park

- 1-year price change: +$46,056 (+24.9%)
- 5-year price change: +$110,021 (+91.2%)
- Typical home value: $230,715 (#22 most expensive city in metro)
5 / 25
Stacker

#21. Lake Wales, Lake Wales

- 1-year price change: +$54,769 (+26.9%)
- 5-year price change: +$130,150 (+101.7%)
- Typical home value: $258,098 (#19 most expensive city in metro)

You may also like: People from these metros are finding new jobs in Lakeland

6 / 25
Stacker

#20. Hillcrest Heights, Hillcrest Heights

- 1-year price change: +$57,076 (+24.6%)
- 5-year price change: +$135,569 (+88.3%)
- Typical home value: $289,036 (#14 most expensive city in metro)
7 / 25
Stacker

#19. Eagle Lake, Eagle Lake

- 1-year price change: +$57,775 (+27.9%)
- 5-year price change: +$133,279 (+101.1%)
- Typical home value: $265,140 (#18 most expensive city in metro)
8 / 25
Stacker

#18. Bartow, Bartow

- 1-year price change: +$58,297 (+27.5%)
- 5-year price change: +$138,834 (+105.6%)
- Typical home value: $270,294 (#17 most expensive city in metro)
9 / 25
Stacker

#17. Highland City, Highland City

- 1-year price change: +$58,910 (+26.4%)
- 5-year price change: +$137,786 (+95.5%)
- Typical home value: $282,140 (#15 most expensive city in metro)
10 / 25
Stacker

#16. Polk City, Polk City

- 1-year price change: +$59,729 (+31.4%)
- 5-year price change: +$125,912 (+101.6%)
- Typical home value: $249,897 (#20 most expensive city in metro)

You may also like: How gas prices have changed in Lakeland in the last week

11 / 25
Stacker

#15. Lakeland, Lakeland

- 1-year price change: +$62,825 (+26.4%)
- 5-year price change: +$148,513 (+97.7%)
- Typical home value: $300,529 (#10 most expensive city in metro)
12 / 25
Stacker

#14. Winter Haven, Winter Haven

- 1-year price change: +$64,325 (+27.4%)
- 5-year price change: +$144,506 (+93.5%)
- Typical home value: $299,064 (#11 most expensive city in metro)
13 / 25
Stacker

#13. Lake Hamilton, Lake Hamilton

- 1-year price change: +$64,889 (+30.9%)
- 5-year price change: +$143,601 (+109.2%)
- Typical home value: $275,061 (#16 most expensive city in metro)
14 / 25
Stacker

#12. Lake Alfred, Lake Alfred

- 1-year price change: +$65,452 (+28.3%)
- 5-year price change: +$149,544 (+101.8%)
- Typical home value: $296,421 (#12 most expensive city in metro)
15 / 25
Stacker

#11. Auburndale, Auburndale

- 1-year price change: +$66,695 (+26.8%)
- 5-year price change: +$156,918 (+98.8%)
- Typical home value: $315,678 (#7 most expensive city in metro)

You may also like: Highest-paying jobs in Lakeland that don't require a college degree

16 / 25
Stacker

#10. Dundee, Dundee

- 1-year price change: +$66,938 (+29.8%)
- 5-year price change: +$151,976 (+109.2%)
- Typical home value: $291,192 (#13 most expensive city in metro)
17 / 25
Stacker

#9. Mulberry, Mulberry

- 1-year price change: +$67,868 (+27.8%)
- 5-year price change: +$155,681 (+99.4%)
- Typical home value: $312,349 (#8 most expensive city in metro)
18 / 25
Stacker

#8. River Ranch, River Ranch

- 1-year price change: +$67,891 (+39.5%)
- 5-year price change: +$155,681 (data not available)
- Typical home value: $239,871 (#21 most expensive city in metro)
19 / 25
Stacker

#7. Kathleen, Kathleen

- 1-year price change: +$68,117 (+26.0%)
- 5-year price change: +$166,706 (+101.9%)
- Typical home value: $330,242 (#5 most expensive city in metro)
20 / 25
Stacker

#6. Haines City, Haines City

- 1-year price change: +$69,816 (+29.2%)
- 5-year price change: +$152,591 (+97.5%)
- Typical home value: $309,114 (#9 most expensive city in metro)

You may also like: Cities with the most expensive homes in Lakeland metro area

21 / 25
Stacker

#5. Gibsonia, Gibsonia

- 1-year price change: +$70,119 (+27.8%)
- 5-year price change: +$154,818 (+92.2%)
- Typical home value: $322,695 (#6 most expensive city in metro)
22 / 25
Stacker

#4. Highland Park, Highland Park

- 1-year price change: +$73,161 (+25.7%)
- 5-year price change: +$150,607 (+72.8%)
- Typical home value: $357,516 (#4 most expensive city in metro)
23 / 25
Stacker

#3. Medulla, Medulla

- 1-year price change: +$79,646 (+27.4%)
- 5-year price change: +$177,127 (+91.7%)
- Typical home value: $370,231 (#3 most expensive city in metro)
24 / 25
Stacker

#2. Lakeland Highlands, Lakeland Highlands

- 1-year price change: +$87,762 (+25.3%)
- 5-year price change: +$198,509 (+84.0%)
- Typical home value: $434,892 (#1 most expensive city in metro)
25 / 25
Stacker

#1. Davenport, Davenport

- 1-year price change: +$89,601 (+30.4%)
- 5-year price change: +$183,303 (+91.2%)
- Typical home value: $384,348 (#2 most expensive city in metro)

You may also like: Cities with the fastest growing home prices in Lakeland metro area

Trending Now