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Lakeland, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,753
Monthly Cash Flow
-$277
Principal + Equity
$2,478
Annual Total Gain
$26,417
Cash on Cash
-4.26%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$147
Occupancy Rate
63.33%
Monthly Revenue
$1,828
Monthly Cash Flow
-$476
Principal + Equity
$2,478
Annual Total Gain
$24,024
Cash on Cash %
-7.32%
Net ROI %
Market Health & Growth
Median Income
$60,947
Population
117,030
LTR Renter %
43.93%
Forecast (1 yr)
1.02%
Appreciation (1 yr)
-3.77%
Appreciation (5 yr)
46.2%
Appreciation (10 yr)
128.41%
Job Growth
3.34%
LTR Rentability
Low
STR Demand
77
STR Rentals
738
Top Public Schools
A-Ridgeview Global Studies Academy
A-McKeel Academy of Technology
A-
A-
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#115out of 229 markets
Best Cities to Retire in America
#24out of 229 markets
Cities with the Lowest Cost of Living in America
#60out of 229 markets
C
Public School
C-
Crime And Safety
C
Housing
B-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lakeland, FL.
In Lakeland, FL, Short Term Rental (STR) regulations are governed by the city's Land Development Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of Lakeland has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Registration: Short term rental hosts in Lakeland are required to obtain a business tax receipt and register their property with the city. This registration process may include providing proof of insurance, safety inspections, and compliance with building codes.
3. Occupancy Limits: The city of Lakeland has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are adhered to in order to avoid fines or penalties.
4. Noise and Nuisance Regulations: Lakeland has noise ordinances in place that prohibit excessive noise during certain hours. Investors should be mindful of these regulations and communicate them to guests to avoid any disturbances to neighbors.
5. Taxes: Short term rental hosts in Lakeland are required to collect and remit tourist development taxes and sales taxes on rental income. Investors should be aware of these tax obligations and ensure that they are compliant with all tax laws.
6. Homeowners Association (HOA) Rules: If the property is located within a homeowners association, investors should review the HOA rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on short term rentals.
By being aware of and compliant with these regulations, investors can mitigate risks and ensure a smooth operation of their short term rental property in Lakeland, FL.
Market Trends Over Time
Explore 25 years of market data for Lakeland, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lakeland, FL.
The LTR Genie Score of Lakeland, FL is 72, indicating a moderate level of attractiveness for long-term rental investment. The STR Genie Score is slightly lower at 69, also falling within the moderate range. The low LTR Rentability and modest LTR Rent Growth Rate contribute to the slightly lower scores. However, the LTR Net ROI of 33.87% and STR Net ROI of 30.8% suggest that both long-term and short-term rental investments can be profitable in this market.
Lakeland, FL is a growing city located in central Florida, known for its affordability and strong job market. With a 1-Year Price Appreciation Forecast of 1.02%, investors can expect some appreciation in property values over the next year. The STR Occupancy rate of 63.33% and STR Revenue of 1828 indicate a steady demand for short-term rentals in the area.
Overall, Lakeland, FL presents opportunities for both long-term and short-term rental investments. Investors looking for higher returns may find success in the short-term rental market, while those seeking more stability may prefer long-term rentals. It is recommended for real estate investors to conduct further research and analysis to determine the best investment strategy based on their financial goals and risk tolerance.
LTR Genie Score 93
$385,000
🛏 5 Beds🛁 4.0000 Baths🏙 5,810 sqft.🏠 SINGLE FAMILY
