What is the median home value in Polk County, FL?

The median home value in Polk County, FL is $240,000, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Polk County, FL?

The cap rate proxy in Polk County, FL is 6.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Polk County, FL?

Polk County has 760,961 residents and issued 7,285 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Lakeland-Winter Haven, FL · Florida

Polk County

760,961 residents7,285 permits TTM$63,644 median HHI40 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$240,000

ACS 5-Year

Cap rate proxy

6.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

24.0%

HUD FMR ÷ ACS HHI

Net migration

+3.43%

IRS SOI

Permits (TTM)

7,285

Census BPS

Climate risk

96.5

FEMA NRI (0–100)

ZIP code breakdown40 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
33815	—	—	—	9.9%	-1.3%
33843	—	—	—	7.3%	15.0%
33854	—	—	—	6.4%	15.0%
33840	—	—	—	6.4%	15.0%
33841	—	—	—	6.6%	15.0%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	8.6%	-29.5%
—	—	—	8.4%	-29.6%
—	—	—	8.4%	-33.2%
$248,848	$1,330	6.4%	8.2%	-29.7%
—	—	—	8.2%	-20.2%
$278,279	$1,910	8.2%	8.1%	1.0%
—	—	—	7.9%	-30.7%
—	—	—	7.9%	-12.2%
—	—	—	7.8%	-0.9%
—	—	—	7.6%	1.5%
—	—	—	7.6%	-25.4%
—	—	—	7.5%	-40.8%
$287,046	$1,390	5.8%	7.5%	-28.3%
—	—	—	7.4%	-26.9%
—	—	—	7.4%	-38.2%
$341,230	$2,230	7.8%	7.3%	6.4%
—	—	—	7.3%	-23.1%
$315,386	$1,680	6.4%	7.3%	-14.0%
—	—	—	7.2%	10.6%
—	—	—	6.6%	-6.1%
—	—	—	6.5%	-34.2%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
—	—	—	6.4%	15.0%
$309,406	$1,700	6.6%	6.3%	4.1%
—	—	—	6.2%	4.3%
—	—	—	6.2%	-28.3%
—	—	—	5.8%	15.0%
—	—	—	5.1%	15.0%
$380,520	$1,550	4.9%	4.0%	17.9%

Demographics

Owner-occupied

70.0%

Census ACS

Vacancy rate

16.1%

Census ACS

Bachelor's degree +

22.6%

Census ACS

Rent burdened

49.0%

Census ACS (>30% income)

Median age

39.6

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Polk County

See all 40 ZIPs ranked by yield and cap rate