Lake Somerset Real Estate Market Overview

Could Lake Somerset, Lakeland, FL be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Lake Somerset. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular neighborhoods ...near Lake Somerset such as Southwest and Edgewood. When you’re ready, Trulia has 2 resale and new homes in Lake Somerset lined up for you, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$223,750

Median Sales Price

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$120

Price Per Sqft

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$1,550

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Lake Somerset show a 78% year-over-year rise in median sales price and a 0% rise in median rent per month.

Median Sales Price
The median sales price for homes in Lake Somerset for May 24 to Aug 23 was $223,750 based on 8 home sales.
Price Per Square Ft.
Average price per square foot for Lake Somerset was $120, an increase of 30% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Lake Somerset for Jul 24 to Aug 24 was $1,550.

Crime

Most frequent crimes in the past year

Lake Somerset has very low crime relative to the rest of Polk County.

Knowing more about crime activity in and around Lake Somerset can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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10

Counts of Burglary

7

Counts of Theft

3

Counts of Assault


Best Schools in Lake Somerset

There are 6 schools in Lake Somerset.

Elementary Schools
8

Highlands Grove Elementary School

Public, PK-5

6

Cleveland Court Elementary School

Public, K-5

Middle Schools
3

Southwest Middle School

Public, 6-8

2

Crystal Lake Middle School

Public, 6-8

High Schools
5

Lakeland Senior High School

Public, 9-12


Demographics

Get to know your neighbors in Lake Somerset by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
41%
Single residents
Home owners
53%
Home owners
Median age
32
Median age
Household income
$51,494
Median household income
College educated
32%
College educated

Commute

Most people in Lake Somerset commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
99% commute by car
0% commute by bike
0% commute by public transportation
1% commute by foot

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