Lakeland, Florida – A Brief History
Lakeland was first settled in the 1870s, developed as the railroad reached the area in 1884, and was incorporated on January 1, 1885. The town was founded by Abraham Munn (a resident of Louisville, Kentucky), who purchased 80 acres of land in what is now downtown Lakeland in 1882 and platted the land for the town in 1884.
Lakeland is also home to the largest on-site collection of Frank Lloyd Wright buildings. Lakeland is home to baseball’s Detroit Tigers. Their annual spring training and spring training home games are held at Lakeland’s Joker Marchant Stadium. In 1990, the hit movie Edward Scissorhands, starring Johnny Depp and Winona Ryder, featured the Southgate Shopping Center.
Lakeland and its surrounding area provide a wealth of shopping and dining opportunities. The City’s historic and revitalized Downtown features a popular antiques district, Munn Park, and Lake Mirror Park with Hollis Garden. These landmarks are joined by a thriving assortment of shops, museums, art galleries, restaurants, delis, and cafes. The Downtown district boasts nearly 90 specialty shops, antique shops, and dining establishments.
According to CNN’s Business 2.0 Magazine, in its November 2006 issue, Lakeland is ranked #4 for affordability in “Where to Buy Now.”
Q: Is Lakeland, FL, a good place to retire?
A: Yes — Lakeland is widely considered one of Florida’s most practical retirement destinations. The cost of living runs approximately 6% below the national average and 14% below the Florida average. The median home price is around $309,000, and the area offers multiple 55+ communities, including Carillon Lakes, Lake James, and Sandpiper Golf & Country Club. Lakeland sits midway between Tampa and Orlando, giving retirees easy access to major medical centers, airports, and cultural amenities without big-city costs.
Q: What is the cost of living in Lakeland, FL?
A: Lakeland’s cost of living is meaningfully lower than most of Florida. Housing is the primary driver — the median home price in the Lakeland market is approximately $309,000 to $350,000, depending on area and property type. There is no Florida state income tax, homestead exemptions reduce property taxes for primary residents, and daily expenses, including groceries and utilities, are below the state average.
Q: How competitive is the Lakeland real estate market?
A: Lakeland’s market is moderately competitive. As of 2025–2026, homes are averaging approximately 46 days on market, with well-priced properties often receiving multiple offers and selling near or at list price. Buyers currently have more leverage than during the peak 2021–2023 period, making it a reasonable window to negotiate favorable terms while inventory remains elevated.
Q: What are the best neighborhoods in Lakeland, FL?
A: The best neighborhood depends on your priorities. South Lakeland is the most sought-after area for families, offering top-rated schools, larger lots, and proximity to parks. Downtown Lakeland attracts young professionals and retirees who want walkable access to dining and entertainment. North Lakeland offers more affordable entry-level pricing with strong long-term investment potential. Waterfront neighborhoods along Lakeland’s chain of lakes command premium pricing and offer a distinctive Florida lifestyle.
Q: Is Lakeland, FL, a good place for families?
A: Lakeland is a strong choice for families. South Lakeland, in particular, is known for its highly rated school zones, spacious homes, and family-oriented communities. The city offers a wide range of parks and recreational programs, and suburban neighborhoods have lower crime rates than those in larger Florida metros. The absence of state income tax and below-average housing costs give families more financial flexibility than in Tampa or Orlando.