3820 Village Circle in Lakeland, Florida
3820 Village Circle, a home listed for $300,000 in Lakeland, Florida.
  • Home prices are cooling in Lakeland, Florida, according to Realtor.com.
  • The median home price in August was $325,000, according to Realtor.com. 
  • Here's what you can get for around the typical home price in the city right now.

It's hot all year in Lakeland, Florida, but the housing market there is actually cooling down right now.

After years of demand drove home prices up in the Lakeland metro area, they are finally coming down to earth as mortgage rates continue to soar.