What is the rental vacancy rate in Lakeland, FL?

The rental vacancy rate in Lakeland, FL is 6.9% (±1.5 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.4% (±0.6 points).

7,080 (±619) homes, 12.9% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Lakeland, the rental vacancy rate went from 9.2% in 2015–2019 to 6.9% in 2020–2024 (−2.3 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
6.9% (±1.5 points)
Homeowner vacancy rate
1.4% (±0.6 points)
Vacant homes
7,080 (±619)

Vacancy in Lakeland against Polk County, its state and the nation

Estimate (90% margin of error)
LakelandPolk CountyFloridaUnited States
Rental vacancy rate6.9% (±1.5 points)5.1% (±0.7 points)7.6% (±0.2 points)5.5%
Homeowner vacancy rate1.4% (±0.6 points)1.5% (±0.2 points)1.4% (±0.1 points)0.9%
Vacant housing units7,080 (±619)51,323 (±1,585)1,503,660 (±20,826)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Lakeland, the rental vacancy rate is higher than in Polk County (5.1%).

It is not measurably different from Florida (7.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Lakeland

Nearest places with a published estimate, compared with Lakeland
PlaceDistanceRental vacancy rateCompared with this place
Lakeland—6.9% (±1.5 points)—
Combee Settlement3.1 mi5.1% (±8.8 points)Not measurably different
Crystal Lake3.6 mi7.5% (±7.1 points)Not measurably different
Fussels Corner5.7 mi0.0% (±8.2 points)Not measurably different
Lakeland Highlands6.8 mi13.0% (±11.3 points)Not measurably different
Kathleen6.8 mi0.0% (±10.4 points)Not measurably different
Medulla6.9 mi4.0% (±3.9 points)Not measurably different
Highland City7.9 mi3.2% (±5.5 points)Not measurably different
Fuller Heights9.4 mi10.3% (±11.1 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Polk County, place by place

RankPlaceRental vacancy rate
5Loughman11.1% (±9.5 points)
6Mulberry10.8% (±14.4 points)
7Fuller Heights10.3% (±11.1 points)
8Davenport9.7% (±14.8 points)
9Cypress Gardens9.6% (±10.5 points)
10Crystal Lake7.5% (±7.1 points)
11Lakeland6.9% (±1.5 points)
12Inwood5.4% (±9.1 points)
13 (tie)Bartow5.2% (±3.9 points)
13 (tie)Fort Meade5.2% (±5.4 points)
15Combee Settlement5.1% (±8.8 points)
16Lake Wales4.1% (±3.2 points)
17Medulla4.0% (±3.9 points)

Showing 13 of 36 places in Polk County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lakeland

Is it hard to find a rental in Lakeland?

The rental vacancy rate in Lakeland, FL is 6.9% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Lakeland tighter than it was?

In Lakeland, the rental vacancy rate went from 9.2% in 2015–2019 to 6.9% in 2020–2024 (−2.3 percentage points), a measurable decrease.

How many homes are vacant in Lakeland?

An estimated 7,080 (±619) housing units, 12.9% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakeland city, Florida (place:38250, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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