How much is a home worth in ZIP code 33823?

The typical home in 33823 is worth $304,242, based on the Zillow Home Value Index.

Are home values rising in 33823?

Home values in 33823 are down 2.8% over the past year, and up 5.3% a year over five years.

What is the typical rent in 33823?

A typical home in 33823 rents for about $1,844 a month, a gross rental yield of 7.3%.

What is the property tax rate in 33823?

The effective property tax rate in 33823 is 0.7% — roughly $2,120 a year on a typical home.

ZIP code 33823 has a population of 41,779 and a median household income of $71,485.

HousingHandbookReference data

…

U.S. ZIP Code · FL33823

Polk County · Lakeland-Winter Haven, FL

Typical home value

$304,242^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.8%
5-year / yr: +5.3%
10-year / yr: +7.8%

Relative price

vs U.S.: +7.1%
vs metro: +5.8%
vs state: -12.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33823 is worth $304,242 — 5.8% above the Lakeland-Winter Haven, FL median. Over the past year, values have fallen 2.8%. Homes here rent for a typical $1,844 a month — a 7.3% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,844^[2]
Gross yield: 7.3%^[2]
Cap rate: 4.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,120^[3]

#Climate risk

FEMA National Risk Index ratings for Polk County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively High
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 41,779^[3]
Median household income: $71,485^[3]

#Migration

Household moves in and out of Polk County over a year, from IRS tax-return data.

Net migration: +9,194^[5]
Moved in: 31,294
Moved out: 22,100

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 5
Middle: 2
High: 1

AUBURNDALE SENIOR HIGH SCHOOL
High · Grades 9–12 · POLK
1,777 students
JERE L. STAMBAUGH MIDDLE
Middle · Grades 6–8 · POLK
1,090 students
LENA VISTA ELEMENTARY SCHOOL
Elementary · Grades PK–5 · POLK
963 students
WALTER CALDWELL ELEMENTARY SCHOOL
Elementary · Grades PK–5 · POLK
895 students
BERKLEY ELEMENTARY SCHOOL
Elementary · Grades PK–5 · POLK
696 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.3%

Net yield (after ~40% expenses)4.4%

Annual rent$22,128

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,538

Loan principal$243,394

Down payment$60,848

Total interest paid$310,435

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.07

Monthly cost to own$1,969

Monthly rent$1,844

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 38th percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 43rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 33823?: The typical home in 33823 is worth $304,242, based on the Zillow Home Value Index.
Are home values rising in 33823?: Home values in 33823 are down 2.8% over the past year, and up 5.3% a year over five years.
What is the typical rent in 33823?: A typical home in 33823 rents for about $1,844 a month, a gross rental yield of 7.3%.
What is the property tax rate in 33823?: The effective property tax rate in 33823 is 0.7% — roughly $2,120 a year on a typical home.
Who lives in 33823?: ZIP code 33823 has a population of 41,779 and a median household income of $71,485.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33850 vs 33823 →
Lake Alfred, FL
Typical home
$309,214
Gross yield
—
33884 vs 33823 →
Winter Haven, FL
Typical home
$299,091
Gross yield
7.6%
33844
Haines City, FL
Typical home
$296,554
Gross yield
8.2%
33809
Lakeland, FL
Typical home
$312,673
Gross yield
6.3%
33827
Frostproof, FL
Typical home
$295,429
Gross yield
—
33851
Lake Hamilton, FL
Typical home
$313,504
Gross yield
—

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#Jump to section

U.S. ZIP Code · FL33823

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