Growing Population Strengthens Polk County Real Estate Market
Northern Polk County is on the cusp of a population boom! Growth and relocations to this Central Florida county have lead to an increase in overall population, and with those people looking to put a roof over their head, the local real estate industry has strengthened as well.
Since 2010, the overall population in Polk County has increased 3.5 percent. One of the cities with the largest contribution to population growth is Davenport, which grew in population by 12.5 percent since 2010. Winter Haven was the second-fastest growing city with a 9.3 percent growth rate, Auburndale grew by 5.6 percent and Lakeland reached a population of 100,728 in 2014 for a 3.4 percent increase.
So why are people moving to Polk County? One of the largest factors is the increase in job opportunities. From November 2013 to November 2014, job opportunities in Polk County increased by 400 jobs in manufacturing, 800 in wholesale (warehousing), 1,100 in retail and 600 in professional. Additionally, people that work in Orlando or Tampa are moving to nearby Polk County because of its convenient central location and the lower cost of living.
In the recovering Polk County housing market, home prices are increasing, but are still affordable. Metrostudy recently released its 2015 forecast and the Lakeland-Winter Haven, Florida area is No. 9 on the list of top markets for median home price increase. The leading provider of primary research and analysis on residential real estate development and new-home construction predicts that the median home price in Lakeland-Winter Haven will increase 5.8 percent to $125,428 in 2015.
The strengthening population, employment and real estate numbers are all good reasons why NOW is the time to make your move and purchase a Polk County home. We are currently building new homes in more than 10 communities throughout Polk County including the cities of Auburndale, Bartow, Davenport, Lakeland, Mulberry and Winter Haven. To make the dream of homeownership a reality, homes are affordably priced from the low-$100,000s with qualified buyers able to purchase their new home with just $99 down. More than 30 home plans are available with features designed for your life, and when you build a Highland home, you choose from hundreds of design option to personalize your home to perfectly match your style, needs and budget.
With its Central Florida location providing convenient access to Orlando and Tampa Bay, as well as the many employment, attraction and recreation options Polk County itself offers, it is no wonder that Polk County is a popular place to call home. For more information on our Polk County new home communities, visit the Highland Homes website today.