U.S. ZIP Code · FL33840

Price history

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

The typical home in 33840 is worth $194,568 — 32.4% below the Lakeland-Winter Haven, FL median. Over the past year, values have fallen 2.1%.

#Rent & investment

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

Monthly rent

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Gross yield?Gross yieldAnnual rent (latest ZORI × 12) divided by the typical home value (latest ZHVI). Headline cash-flow proxy; ignores expenses, vacancy, and financing.

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Cap rate?Cap rateEstimated net operating income divided by purchase price. Net operating income assumes 40% of gross rent goes to taxes, insurance, repairs, vacancy, and management — the standard rule for single-family rentals.

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#Property tax

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

Effective tax rate?Effective tax rateAggregate real estate taxes paid in this ZIP divided by aggregate home value, from the latest Census ACS. Includes every assessment line item — not the headline statutory rate.

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Typical annual tax?Typical annual taxThe effective tax rate applied to this ZIP's typical home (latest ZHVI). A rough estimate of what one ZIP-median property would pay annually.

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#Climate risk

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

Overall risk?Overall riskFEMA's composite National Risk Index rating, combining every modeled hazard with the area's social vulnerability and community resilience.

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

0^[3]

Median household income

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#Migration

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

Net migration?Net migrationTax returns moving in minus tax returns moving out, per year. From IRS Statistics of Income county-to-county migration data. County-level — every ZIP in the county carries the same number.

+9,194^[5]

Moved in

31,294

Moved out

22,100

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation?Metro percentileThis ZIP's rank among every ZIP in its metro for five-year price appreciation. 75th percentile means three-quarters of the metro's ZIPs appreciated less.

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Rental yield

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Property tax

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#Comparable ZIPs

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

• 33815vs 33840 →

  Lakeland, FL

  Typical home

  $186,451

  Gross yield

  10.1%

• 33843vs 33840 →

  Frostproof, FL

  Typical home

  $204,973

  Gross yield

  —

• 33853…

  Lake Wales, FL

  Typical home

  $225,033

  Gross yield

  6.9%

• 33841…

  Alturas CDP, FL

  Typical home

  $228,059

  Gross yield

  —

• 33805…

  Lakeland, FL

  Typical home

  $232,888

  Gross yield

  7.8%

• 33801…

  Lakeland, FL

  Typical home

  $234,908

  Gross yield

  7.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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