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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Polk City, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Polk City, FL Housing Market Trends

With a population of 2,979, 1,129 total housing units (homes and apartments), and a median house value of $363,861, Polk City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Polk City, accounting for 78.26% of the town's housing units. Other types of housing that are prevalent in Polk City include mobile homes or trailers ( 12.61%), large apartment complexes or high rise apartments ( 3.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Polk City. Owner-occupied housing accounts for 86.71% of Polk City's homes, and 64.40% have either three or four bedrooms, which is average sized relative to America.

Polk City homes and real estate are some of the newest in America. 50.87% of Polk City's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Polk City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.66%), and between 1940-1969 ( 6.22%). There's also some housing in Polk City built before 1939 ( 1.24%).

Polk City Home Appreciation Rates

In the last 10 years, Polk City has experienced some of the highest home appreciation rates of any community in the nation. Polk City real estate appreciated 171.83% over the last ten years, which is an average annual home appreciation rate of 10.52%, putting Polk City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Polk City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Polk City appreciation rates have trailed the rest of the nation. In the last twelve months, Polk City's appreciation rate has been 1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Polk City were at -2.88%, which equates to an annual appreciation rate of -11.03%.

Notably, Polk City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Polk City's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Polk City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Polk City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Polk City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$363,861

Polk City, FL Home Prices
> $1,518,000
$1,139,001 - $1,518,000
$759,001 - $1,139,000
$607,001 - $759,000
$456,001 - $607,000
$304,001 - $456,000
$152,001 - $304,000
$76,001 - $152,000
$0 - $76,000
2.1%
2.1%
0.4%
0.4%
7.9%
7.9%
7.2%
7.2%
7.1%
7.1%
18.1%
18.1%
38.1%
38.1%
12.0%
12.0%
7.0%
7.0%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

1,129

Polk City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,965 / per month

Homeownership Rate

Owners
Renters
86.7%
86.7%
13.3%
13.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
50.9%
50.9%
41.7%
41.7%
6.2%
6.2%
1.2%
1.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
0.2%
0.2%
3.2%
3.2%
3.2%
3.2%
12.6%
12.6%
2.5%
2.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
8.1%
8.1%
23.7%
23.7%
53.9%
53.9%
10.5%
10.5%
1.7%
1.7%
0% 100.0%
% of Homes