How much is a home worth in ZIP code 33881?

The typical home in 33881 is worth $266,498, based on the Zillow Home Value Index.

Are home values rising in 33881?

Home values in 33881 are down 4.5% over the past year, and up 4.6% a year over five years.

What is the typical rent in 33881?

A typical home in 33881 rents for about $1,723 a month, a gross rental yield of 7.8%.

What is the property tax rate in 33881?

The effective property tax rate in 33881 is 0.7% — roughly $1,996 a year on a typical home.

ZIP code 33881 has a population of 40,808 and a median household income of $57,024.

HousingHandbookReference data

…

U.S. ZIP Code · FL33881

Polk County · Lakeland-Winter Haven, FL

Typical home value

$266,498^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.5%
5-year / yr: +4.6%
10-year / yr: +8.7%

Relative price

vs U.S.: -6.2%
vs metro: -7.4%
vs state: -23.2%

Price history

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

The typical home in 33881 is worth $266,498 — 7.4% below the Lakeland-Winter Haven, FL median. Over the past year, values have fallen 4.5%. Homes here rent for a typical $1,723 a month — a 7.8% 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: $1,723^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,996^[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: 40,808^[3]
Median household income: $57,024^[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: 10
Elementary: 4
Middle: 2
High: 3

FRED G. GARNER ACADEMY
Elementary · Grades PK–5 · POLK
840 students
WESTWOOD MIDDLE SCHOOL
Middle · Grades 6–8 · POLK
829 students
JEWETT SCHOOL OF THE ARTS
Elementary · Grades PK–8 · POLK
737 students
ELBERT ELEMENTARY SCHOOL
Elementary · Grades PK–5 · POLK
596 students
JEWETT MIDDLE ACADEMY MAGNET
Middle · Grades 6–8 · POLK
587 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$20,677

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$1,348

Loan principal$213,198

Down payment$53,300

Total interest paid$271,922

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 ratio1.01

Monthly cost to own$1,736

Monthly rent$1,723

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: 6th percentile^[1]
Rental yield: 62nd percentile^[2]
Property tax: 67th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33881?: The typical home in 33881 is worth $266,498, based on the Zillow Home Value Index.
Are home values rising in 33881?: Home values in 33881 are down 4.5% over the past year, and up 4.6% a year over five years.
What is the typical rent in 33881?: A typical home in 33881 rents for about $1,723 a month, a gross rental yield of 7.8%.
What is the property tax rate in 33881?: The effective property tax rate in 33881 is 0.7% — roughly $1,996 a year on a typical home.
Who lives in 33881?: ZIP code 33881 has a population of 40,808 and a median household income of $57,024.

#Comparable ZIPs

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

33838 vs 33881 →
Dundee, FL
Typical home
$270,102
Gross yield
9.1%
33859 vs 33881 →
Alturas CDP, FL
Typical home
$275,708
Gross yield
—
33830
Bartow, FL
Typical home
$276,240
Gross yield
8.0%
33880
Jan Phyl Village CDP, FL
Typical home
$254,780
Gross yield
7.6%
33868
Polk City, FL
Typical home
$254,509
Gross yield
—
34759
Poinciana CDP, FL
Typical home
$279,367
Gross yield
8.2%

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

Compare ZIPs

Pit ZIP 33881 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL33881

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