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Polk County, FL

RANK #909 / 996  ·  POP 736,229  ·  FL

PROJECTED GROWTH: -1.8%

Polk County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Polk County?

Polk County, Florida, distinguishes itself with its extensive network of over 550 freshwater lakes and 25,000 acres of recreational parks, offering abundant opportunities for outdoor activities like water skiing, kayaking, and fishing. Located in Central Florida, between Tampa and Orlando, the county provides a blend of suburban and rural living. Lakeland, the largest city, is known as "Swan City" for its wild swans and 38 lakes. Commuting to nearby major cities is common, with Interstate 4 serving as a primary route, though local roads like the Polk Parkway (SR 570) offer in-county alternatives. The community offers a slower pace of life compared to its metropolitan neighbors.

Life in Polk County appeals to a mix of families, retirees, and commuters seeking affordability and access to larger cities. The Polk County Public School District is one of Florida's largest, with approximately 160 school sites. The economy is diversified, with manufacturing emerging as a significant sector, growing faster than the state average and employing over 20,000 workers. Major investments are also flowing into data centers and energy infrastructure, with proposals for hyperscale data centers under consideration, which could bring substantial tax revenue and jobs. These developments aim to strengthen the local economy and support community services.

[02] Market Snapshot

Housing Ratio
4.7x

Above national median (4.7x)

GDP Growth
+3.8%

Above national median

Home Prices
-4.1%

Prices declining

Climate & Terrain
4.0

Favorable climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 4.7x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Polk County U.S. National

The Numbers

DEMOGRAPHICS
Population
736,229
+3.24% YoY
Median Household Income
$60,901
Median Home Value
$215,700
-4.08% 12mo
Median Rent
$1,192
Average Annual Pay
$55,697
+4.4% YoY
Employment
260,590
+0.7% YoY
Income-to-Home-Value
0.2823
More affordable than average
Migration Inflow
3.87%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$305,000
Days on Market
68
Slower market
Months of Supply
5.7
Buyer's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
15.1%
Listings w/ Price Drops
30.5%
Building Permits (2024)
10,384
Single-Family Permits
8,514

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,710M
TOTAL
PROJECT AMOUNT STATUS
Fort Meade Data Center Campus
Bohler Places LLC (developer, end-user undisclosed)
$2,700M Planned
Solar Farm Portfolio (Alafia, Jamison, Lake Mabel, Peace Creek, Payne Creek, Durrance, Lake Hancock, Bonnie Mine)
Tampa Electric Co. / Duke Energy
$570M Operating/Completed
Cielo Haines City Data Center
Cielo Digital Infrastructure
$300M Planned
RealCold Cold Storage Warehouse
RealCold
$50M Under Construction
Polk County Renewable Natural Gas (RNG) Facility
OPAL Fuels Inc. / Polk County municipal government
$50M Operating
Lake Mabel Solar and Battery Storage
Tampa Electric Co.
$40M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.8% 69 percentile
Population Growth +3.2% 97 percentile
Income Growth +10.5% 86 percentile
Vacancy Rate 1.2% 40 percentile
Home Price Change -4.1% 5 percentile
Rent Growth 0.0% 11 percentile
Price/Rent 10x 92 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Polk County, FL a good place to move to?

Polk County has a Boom Town Index score of 9/100, ranking #909 among 996 U.S. counties. With job growth at +0.7% and a median household income of $60,901, it faces some economic headwinds compared to faster-growing counties.

Is Polk County affordable?

The median home value in Polk County is $215,700 with median rent at $1,192/month. The income-to-home-value ratio is 0.2823, which is more affordable than the national average.

Is Polk County growing or shrinking?

Population growth: +3.2% year-over-year. Job growth: +0.7%. Home values changed -4.1% in the past 12 months.

Are people moving to Polk County?

Yes — 3.87% of Polk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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