Market Overview
Home Prices in Polk City, FL
The median home value in Polk City, FL is $258,590 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Polk City are priced37% below average. Polk City is part of the Lakeland-Winter Haven, FL metro area.
Over the past five years, Polk City home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Polk City Home Price Trend
City Comparison
Polk City vs. National Median
At $258,590, homes in Polk City cost 37% below the national median of $410,000. This makes Polk City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Polk City?
20% Down Payment
$51,718
on $258,590
Monthly P&I
$1,349/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,713/mo
incl. taxes & insurance
Income Needed
$68,520
gross annual (30% rule)
10% Down Option
$25,859
+ PMI applies
Loan Amount (20% dn)
$206,872
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Polk City, FL?
The median home value in Polk City is $258,590 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Polk City?
Over the past year, home values in Polk City have decreased by 4.6%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Polk City?
To comfortably afford the median home price of $258,590 with a 20% down payment ($51,718) at today's rates (6.8%), you'd need a gross annual income of approximately $68,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Polk City compare to the national average home price?
The national median home value is approximately $410,000. At $258,590, homes in Polk City are 37% below the national average.
What metro area is Polk City part of?
Polk City is part of the Lakeland-Winter Haven, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.