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Housing Profile
Polk County, Florida
  • Population, 2015: 633044. Polk County ranks # 9 of Florida's 67 counties in population.
  • Households, 2015: 242843
  • Homeownership Rate, 2015: 71.0%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Polk County is projected to have a population of 894597, ranking it # 9 of Florida's 67 counties.

Projected Total Population, Polk County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Polk County 602095 633044 693398 750498 802100 850700 894597
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, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Polk County 870 998
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, 2010-2014 American Community Survey 5-Year Summary File
  • In Polk County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $684 for a studio apartment, $689 for a one-bedroom, $901 for a two-bedroom, $1200 for a three-bedroom, and $1521 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, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Polk County 621 1162 3960 14506 21341 16668 4476 4378 67112
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, 2010-2014 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, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Polk County Polk One to four-family (other than manufactured housing) 21647 19963 8858 4972 4259 4167 3622 8522 9899 13384
Polk County Polk Manufactured housing 1436 1336 944 593 304 275 206 504 630 767
Polk County Polk Multifamily 21 14 13 6 2 3 2 3 30 24
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

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 2015, 85081 Polk County households (35%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 40998 households in Polk County (17%) pay more than 50% of income for housing.

Households by Cost Burden, Polk County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 157762 44083 40998
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, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 123495 27680 21298
Renter 34267 16403 19700
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 $51800 in 2016.

Households by Income and Cost Burden, Polk County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 2209 1663 16006
30.01-50% AMI 7035 6595 11528
50.01-80% AMI 16615 13235 8953
80.01+% AMI 131903 22590 4511
Total 157762 44083 40998
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 78126 households in Polk County (32.2%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 67024 of elderly households in Polk (85.8%) own their homes.
  • 20924 elderly households (27%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Polk County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 57202 10514 10410
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, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Polk County 73443 48394 57583 44669 23534 18137 6254 9603 281617 26.1 17.2 20.4 15.9 8.4 12.1
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, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Polk County, 2010-2014 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 7764 3.5 1756 0.8 5040 1.8 4801 1.7
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, 2010-2014 American Community Survey 5-Year Summary File