HousingHandbookReference data

U.S. ZIP Code · FL33838

Polk County · Lakeland-Winter Haven, FL

Typical home value

$270,102[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.9%
5-year / yr
+4.8%
10-year / yr
+8.8%

Relative price

vs U.S.
-4.9%
vs metro
-6.1%
vs state
-22.1%
ZIP 33838 location in FL
Location of ZIP 33838 in FL

Price history

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

The typical home in 33838 is worth $270,102 — 6.1% below the Lakeland-Winter Haven, FL median. Over the past year, values have fallen 3.9%. Homes here rent for a typical $2,057 a month — a 9.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$2,057[2]
Gross yield
9.1%[2]
Cap rate
5.5%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$1,567[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
5,688[3]
Median household income
$50,766[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
3
Elementary
1
Middle
1
High
1
  • DUNDEE RIDGE MIDDLE ACADEMY

    Middle · Grades 6–8 · POLK

    723 students

  • DUNDEE ELEMENTARY ACADEMY

    Elementary · Grades PK–5 · POLK

    636 students

  • DON E WOODS OPPORTUNITY CENTER

    High · Grades 6–12 · POLK

    65 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.

Gross yield9.1%
Net yield (after ~40% expenses)5.5%
Annual rent$24,680

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.

Monthly payment$1,366
Loan principal$216,082
Down payment$54,020
Total interest paid$275,601

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.

Own : rent ratio0.84
Monthly cost to own$1,721
Monthly rent$2,057

Owning is meaningfully cheaper month-to-month.

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
16th percentile[1]
Rental yield
95th percentile[2]
Property tax
3rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 33838?
The typical home in 33838 is worth $270,102, based on the Zillow Home Value Index.
Are home values rising in 33838?
Home values in 33838 are down 3.9% over the past year, and up 4.8% a year over five years.
What is the typical rent in 33838?
A typical home in 33838 rents for about $2,057 a month, a gross rental yield of 9.1%.
What is the property tax rate in 33838?
The effective property tax rate in 33838 is 0.6% — roughly $1,567 a year on a typical home.
Who lives in 33838?
ZIP code 33838 has a population of 5,688 and a median household income of $50,766.

#Comparable ZIPs

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

  • Winter Haven, FL

    Typical home
    $266,498
    Gross yield
    7.8%
  • Alturas CDP, FL

    Typical home
    $275,708
    Gross yield
  • Bartow, FL

    Typical home
    $276,240
    Gross yield
    8.0%
  • Poinciana CDP, FL

    Typical home
    $279,367
    Gross yield
    8.2%
  • Jan Phyl Village CDP, FL

    Typical home
    $254,780
    Gross yield
    7.6%
  • Polk City, FL

    Typical home
    $254,509
    Gross yield

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