Lakeland-Winter Haven, FL Federal Housing Finance Agency Home Price Index (FHFA HPI)

The home equity and home prices in the Lakeland-Winter Haven, FL, Federal Housing Finance Agency house price index have been on the rise in recent years. This is due to a number of factors, including the strong economy and job market in the area, as well as the increasing popularity of the region as a retirement destination.

In terms of home equity, this increase has been driven by both rising home prices and a decrease in mortgage debt. The median home price in Lakeland-Winter Haven increased from $129,000 in 2012 to $137,000 in 2016, while the median mortgage debt decreased from $114,000 to $109,000 over the same period. This means that homeowners in the region have seen their equity increase by an average of $28,000 over this four-year period.

The trend of rising home prices and decreasing mortgage debt is expected to continue into 2017 and beyond. This will provide further support for the housing market in Lakeland-Winter Haven and help to ensure that homeowners continue to see their equity grow.