Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Lakeland?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lakeland right now. Listings below $500,000 were included if necessary.
136 Jack Pine St, Lake Wales, FL 33859
- Price: $500,000
- 8 bedrooms, 3 bathrooms
- Square feet: 2,058
- See 136 Jack Pine St, Lake Wales, FL 33859 on Redfin.com
436 Orange Cosmos Blvd, Davenport, FL 33837
- Price: $499,900
- 6 bedrooms, 5.5 bathrooms
- Square feet: 3,579
- See 436 Orange Cosmos Blvd, Davenport, FL 33837 on Redfin.com
394 Orange Cosmos Blvd, Davenport, FL 33837
- Price: $500,000
- 6 bedrooms, 5.5 bathrooms
- Square feet: 3,579
- See 394 Orange Cosmos Blvd, Davenport, FL 33837 on Redfin.com
918 Highgate Park Blvd, Davenport, FL 33897
- Price: $499,999
- 5 bedrooms, 5 bathrooms
- Square feet: 2,499
- See 918 Highgate Park Blvd, Davenport, FL 33897 on Redfin.com
137 Drayton Ave, Davenport, FL 33837
- Price: $499,990
- 5 bedrooms, 4.5 bathrooms
- Square feet: 3,430
- See 137 Drayton Ave, Davenport, FL 33837 on Redfin.com
344 Cherokee Ave, Haines City, FL 33844
- Price: $499,950
- 5 bedrooms, 4.5 bathrooms
- Square feet: 2,532
- See 344 Cherokee Ave, Haines City, FL 33844 on Redfin.com
1320 Lava Tree Dr, Davenport, FL 33897
- Price: $499,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 2,293
- See 1320 Lava Tree Dr, Davenport, FL 33897 on Redfin.com
866 Paradise Dr, Davenport, FL 33897
- Price: $499,900
- 5 bedrooms, 4.5 bathrooms
- Square feet: 2,283
- See 866 Paradise Dr, Davenport, FL 33897 on Redfin.com
927 Paradise Dr, Davenport, FL 33897
- Price: $500,000
- 5 bedrooms, 4.5 bathrooms
- Square feet: 2,283
- See 927 Paradise Dr, Davenport, FL 33897 on Redfin.com
4254 Lana Ave, Davenport, FL 33897
- Price: $499,990
- 5 bedrooms, 4.5 bathrooms
- Square feet: 2,283
- See 4254 Lana Ave, Davenport, FL 33897 on Redfin.com
913 Dorset Pl, Davenport, FL 33896
- Price: $500,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,221
- See 913 Dorset Pl, Davenport, FL 33896 on Redfin.com
2422 Slippery Rock St, Auburndale, FL 33823
- Price: $499,999
- 5 bedrooms, 4 bathrooms
- Square feet: 3,191
- See 2422 Slippery Rock St, Auburndale, FL 33823 on Redfin.com
119 Gerber Dairy Rd, Eagle Lake, FL 33839
- Price: $500,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,956
- See 119 Gerber Dairy Rd, Eagle Lake, FL 33839 on Redfin.com
136 Henley Cir, Davenport, FL 33896
- Price: $499,990
- 5 bedrooms, 3 bathrooms
- Square feet: 3,055
- See 136 Henley Cir, Davenport, FL 33896 on Redfin.com
437 Grand Reserve Dr, Davenport, FL 33837
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,783
- See 437 Grand Reserve Dr, Davenport, FL 33837 on Redfin.com
372 Famagusta Dr, Davenport, FL 33896
- Price: $499,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,020
- See 372 Famagusta Dr, Davenport, FL 33896 on Redfin.com
1125 Rolling Woods Ln, Lakeland, FL 33813
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,800
- See 1125 Rolling Woods Ln, Lakeland, FL 33813 on Redfin.com
601 Peninsular Dr, Lakeland, FL 33813
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,836
- See 601 Peninsular Dr, Lakeland, FL 33813 on Redfin.com
988 Classic View Dr, Auburndale, FL 33823
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,834
- See 988 Classic View Dr, Auburndale, FL 33823 on Redfin.com
474 Amethyst Ave, Auburndale, FL 33823
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,635
- See 474 Amethyst Ave, Auburndale, FL 33823 on Redfin.com
518 Grand Reserve Dr, Davenport, FL 33837
- Price: $499,990
- 4 bedrooms, 3 bathrooms
- Square feet: 2,582
- See 518 Grand Reserve Dr, Davenport, FL 33837 on Redfin.com
1509 Little Johns Trl, Lakeland, FL 33809
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,572
- See 1509 Little Johns Trl, Lakeland, FL 33809 on Redfin.com
295 Whirlaway Dr, Davenport, FL 33837
- Price: $499,999
- 4 bedrooms, 3 bathrooms
- Square feet: 2,043
- See 295 Whirlaway Dr, Davenport, FL 33837 on Redfin.com
18231 Commonwealth Ave N, Polk City, FL 33868
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,979
- See 18231 Commonwealth Ave N, Polk City, FL 33868 on Redfin.com
10 Webb Rd, Winter Haven, FL 33881
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,001
- See 10 Webb Rd, Winter Haven, FL 33881 on Redfin.com
1264 Buckeye Rd Ne, Winter Haven, FL 33881
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,912
- See 1264 Buckeye Rd Ne, Winter Haven, FL 33881 on Redfin.com
6638 Hatcher Rd, Lakeland, FL 33811
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,915
- See 6638 Hatcher Rd, Lakeland, FL 33811 on Redfin.com
5004 Musket Dr, Lakeland, FL 33810
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,063
- See 5004 Musket Dr, Lakeland, FL 33810 on Redfin.com
334 Grosvenor Loop, Davenport, FL 33897
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,905
- See 334 Grosvenor Loop, Davenport, FL 33897 on Redfin.com
196 Indian Wells Ave, Kissimmee, FL 34759
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,101
- See 196 Indian Wells Ave, Kissimmee, FL 34759 on Redfin.com
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
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