:|
:|
:|
:|
 
spacer
Housing Profile
Polk County, Florida
  • Population, 2016: 646991. Polk County ranks # 9 of Florida's 67 counties in population.
  • Households, 2016: 248849
  • Homeownership Rate, 2016: 71.1%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Polk County is projected to have a population of 896409, ranking it # 9 of Florida's 67 counties.

Projected Total Population, Polk County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Polk County 602095 646991 697997 757199 806799 853705 896409
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $125235. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $47882.
  • Condominium, average just value, 2016: $58072.

Home Sales Prices

  • The average sales price for a single family home was $167992 in 2016. The median sales price that year was $155900, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Polk County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Polk County Condominiums 50000 51400 48050 49900 51500 55000 56500 58900 65800 99900 122500 112000 121000 100000 67900 68000 52500 55000 62500 62450 80000
Polk County Single Family Homes 76900 79900 82300 87121 94900 99900 103450 119000 134000 168000 217100 208000 180000 127500 114900 105000 115000 135000 150000 159000 155900
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Polk County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Polk County, Florida 870 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Polk County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $636 for a studio apartment, $640 for a one-bedroom, $838 for a two-bedroom, $1111 for a three-bedroom, and $1407 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Polk County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Polk County 728 1089 4012 15477 21280 17467 3477 758 294 77 44 4342 69045
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 226 licensed manufactured housing parks in Polk with 31416 lots in 2012.
  • There are 143 licensed condominium developments in Polk with 7831 units in 2012. Of these, 11 properties with 1155 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Polk County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Polk County Polk One to four-family (other than manufactured housing) 21647 19963 8858 4972 4259 4167 3622 8522 9899 13384 17067
Polk County Polk Manufactured housing 1436 1336 944 593 304 275 206 504 630 767 1127
Polk County Polk Multifamily 21 14 13 6 2 3 2 3 30 24 35
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Lakeland-Winter Haven MSA had a foreclosure rate for 1-4 unit homes of 9.74% and a serious delinquency (90+ day) rate of 4.3% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 87059 Polk County households (35%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 41975 households in Polk County (17%) pay more than 50% of income for housing.

Households by Cost Burden, Polk County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 161790 45084 41975
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Polk County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 126778 28354 21839
Renter 35012 16730 20136
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Polk County and the surrounding metro area, the HUD-estimated median income for a family of four is $52500 in 2017.

Households by Income and Cost Burden, Polk County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 2263 1712 16388
30.01-50% AMI 7231 6759 11802
50.01-80% AMI 17090 13548 9173
80.01+% AMI 135206 23065 4612
Total 161790 45084 41975
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 81020 households in Polk County (32.6%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 69521 of elderly households in Polk (85.8%) own their homes.
  • 21670 elderly households (27%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Polk County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 59350 10884 10786
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Polk County was 2296 square feet.

Year Structure Built, Polk County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Polk County 4487 70678 48650 55932 44973 23641 17951 6310 9626 282248 1.6 25.0 17.2 19.8 15.9 8.4 12.0
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Polk County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Polk County 7897 3.6 1937 0.9 5349 1.9 5060 1.8
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File