HousingHandbookReference data

U.S. ZIP Code · FL33851

Polk County · Lakeland-Winter Haven, FL

Typical home value

$313,504[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.0%
5-year / yr
+5.3%
10-year / yr
+8.8%

Relative price

vs U.S.
+10.4%
vs metro
+9.0%
vs state
-9.6%
ZIP 33851 location in FL
Location of ZIP 33851 in FL

Price history

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

The typical home in 33851 is worth $313,504 — 9.0% above the Lakeland-Winter Haven, FL median. Over the past year, values have fallen 2.0%. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$2,773[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
1,212[3]
Median household income
$62,284[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

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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,585
Loan principal$250,803
Down payment$62,701
Total interest paid$319,885

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 ratio
Monthly cost to own$2,076
Monthly rent

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
41st percentile[1]
Rental yield
[2]
Property tax
97th percentile[3]

Frequently asked

How much is a home worth in ZIP code 33851?
The typical home in 33851 is worth $313,504, based on the Zillow Home Value Index.
Are home values rising in 33851?
Home values in 33851 are down 2.0% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 33851?
The effective property tax rate in 33851 is 0.9% — roughly $2,773 a year on a typical home.
Who lives in 33851?
ZIP code 33851 has a population of 1,212 and a median household income of $62,284.

#Comparable ZIPs

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

  • Lakeland, FL

    Typical home
    $312,673
    Gross yield
    6.3%
  • Kathleen CDP, FL

    Typical home
    $317,294
    Gross yield
    7.2%
  • Lake Alfred, FL

    Typical home
    $309,214
    Gross yield
  • Auburndale, FL

    Typical home
    $304,242
    Gross yield
    7.3%
  • Winter Haven, FL

    Typical home
    $299,091
    Gross yield
    7.6%
  • Haines City, FL

    Typical home
    $296,554
    Gross yield
    8.2%

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