MONEY Magazine Real Estate: Lakeland

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MONEY Magazine: Latest forecasts. Financing strategies. Renovation tips.

Lakeland Population: 483,924
FL

Market forecast (June 2006-2007)	13.9%
5-year historical change (2001–2005):	85.5%
5-year historical change, average annual:	13.2%
Change last year:	29.3%
FORECAST FROM FISERV CSW AND MOODY'S ECONOMY.COM

Median home value:	$170,000
Median family income:	$47,600
Median home value to median family income:	3.6

Worst historical decline:	-2.0%
Last peak at beginning of decline:	1990:Q4
Last trough of decline:	1991:Q2

More places in Florida
Metro area	Market forecast (June 2006-June 2007)
Cape Coral-Fort Myers	9.3%
Deltona-Daytona Beach-Ormond Beach	7.2%
Fort Lauderdale-Pompano Beach-Deerfield Beach	3.4%
Fort Walton Beach-Crestview-Destin	0.7%
Gainesville	4.4%
Jacksonville	8.0%
Lakeland	13.9%
Miami-Miami Beach-Kendall	0.8%
Naples-Marco Island	9.3%
Ocala	12.9%
Orlando	7.6%
Palm Bay-Melbourne-Titusville	8.4%
Panama City-Lynn Haven	21.2%
Pensacola-Ferry Pass-Brent	4.8%
Port St. Lucie-Fort Pierce	7.7%
Punta Gorda	2.8%
Sarasota-Bradenton-Venice	6.2%
Tallahassee	5.9%
Tampa-St. Petersburg-Clearwater	6.0%
Vero Beach	5.9%
West Palm Beach-Boca Raton-Boynton Beach	5.7%

Sources:
Population: U.S. Census Bureau, 2000
Median Family Income: U.S. Department of Housing and Development, 2005
Median Home Prices: Fiserv Lending Solutions, National Association of Realtors, 2005
Historical change: Fiserv Lending Solutions, OFHEO, 2001 – 2005
Market forecasts: Fiserv Lending Solutions and Moody's Economy.com, June 2006 – June 2007

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