813.910.8020 Apply Now

Mortgage Broker Tampa, FL | Mortgage Lender Tampa Florida | Marimark Mortgage

  • Home
  • Homebuyers
  • Homeowners
  • Realtors
  • Investors
  • About Marimark
  • Contact Us
  • Mortgages
  • Apply Now
  • Current Mortgage Rates
  • Calculators
  • Testimonials
  • Blog
  • Videos
  • Featured In
Home / Blog / Housing Market / Lakeland Florida Ranked #1 Fastest-Growing Retirement Town

Lakeland Florida Ranked #1 Fastest-Growing Retirement Town

April 6, 2021 By Admin

Lakeland Florida is the #1 Fastest Growing Retirement AreaThe number of retired Baby Boomers more than doubled in the United States, with 3.2 million more Baby Boomers retiring last year than in 2019.

The rise in retired workers has impacted retirement towns around the country, with many reporting a steep increase in population. Last year, more than 300,000 people over 65 years old moved to a new state. As home prices increased dramatically, many retirees decided it was the perfect time to find a forever home.

Realtor.com recently released a list of the fastest-growing retirement towns. While there are a few unexpected names, the #1 city will be of no surprise to Florida natives.

Why Lakeland, Florida is the #1 Ranked Retirement Destination

Florida has always been a popular retirement destination, and Lakeland is a thriving city with the small hometown feel that retirees are seeking.

Here is a look at some of the reasons the city has proven to be so popular.

Convenient Location

In terms of cities in Central Florida, Lakeland is the most conveniently located. It is close to both Tampa and Orlando, along Interstate 4. The convenient location gives homeowners access to a variety of beaches that are all a short drive away.

Lakeland is close to two major metro areas, Tampa and Orlando, that are convenient for visits, shopping, and golfing. With the two thriving cities nearby, Lakeland offers the option of a slower pace of life.

Lakeland Walks

Another attractive feature of Lakeland is the outdoors. Protected state-owned land makes Lakeland a great location for getting out-and-about while experiencing walking trails by foot or on a bike. For many, this is an ideal spot to live out a more active retirement lifestyle.

The Lakes

Of course, Lakeland got its name for a reason. With over 38-named lakes and many other bodies of water, the area is an excellent destination for retirement-friendly activities like boating and fishing.

Lake Parker, the largest nearby lake, is around 2,500 acres wide. Other well-known and popular lakes are Lake Hollingsworth, Lake Morton, and Lake Mirror. These lakes form a major part of Lakeland’s social life, with trails, picnic spots, and a wide array of nature and animals.

Hometown Feel

Despite being located between large metro areas like Orlando and Tampa, the city of Lakeland has managed to maintain a small-town feel. There are plenty of activities in Lakeland to enjoy, including parks, museums, family adventures, farmer’s markets, and other outdoor activities in a safe and friendly environment.

Additionally, Lakeland is home to the minor league baseball team, the Flying Tigers, who play their home games at Joker Marchant Stadium.

Comparatively Affordable Houses

Lakeland’s median home price is around $200,000, which compares favorably with nearby areas like Tampa ($302,400) and Orlando ($320,050).

Lakeland’s home prices have risen dramatically in recent years, with median home prices almost doubling since 2015. However, surrounding metros Tampa and Orlando have experienced even higher rises, suggesting that Lakeland still maintains its value.

Good Mix of Housing Options

Because of Florida’s reputation as a retirement destination, Lakeland offers communities for people 55 and older. These communities include access to local amenities like swimming pools, golf courses, and tennis courts. There are communities offering condos, mobile homes, and patio homes, too.

While retirement communities are not for everyone,  Lakeland also offers independent houses and other communities with access to similar amenities.

Related: Search Available Lakeland Homes

Excellent Weather

It is no secret that Florida’s excellent year-round weather makes it an attractive living option for retirees. An average daily temperature of 70° Fahrenheit is the warmest in the country. The nearby ocean and other large bodies of water regulate temperatures, allowing the state to maintain comfortable lows in the 40°s and highs in the 90°s.

Low Taxes

Another perk of Florida is the low state taxes. The property tax and insurance are among the lowest in the country. Florida is also a state that does not have an income tax.

With the amenities, small-town feel, and great weather, Lakeland is set to maintain its place as the #1 ranked retirement destination for some time to come.

Marimark Mortgage

Marimark Mortgage is based in Tampa, Florida, and serves the mortgage needs of homebuyers, homeowners, and investors in Florida, Virginia, and Pennsylvania.

We specialize in mortgages for first-time homebuyers, conventional home mortgages, refinance loans, reverse mortgages, and FHA, VA, and USDA mortgage options. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.

To get started with a mortgage to buy your next home, please fill out our Quick Mortgage Application or contact us.

Opt In Image
Stay Informed, It's Your Money
Marimark Mortgage Newsletter

The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.

We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.

Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.

Thank you for signing up!

Filed Under: Housing Market

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

Save with a Mortgage from Marimark

Whether you are buying a home or refinancing, you can save with a mortgage from Marimark Mortgage!

    Search

    Post Categories

    Testimonials

    Refinancing with Mary an absolute pleasure

     
    Refinancing with Mary has been an absolute pleasure. I have never been through the process before and she took the time to explain each step. She was prompt (had a rate locked in right away) and most importantly always answered the phone or emails almost immediately! The communication line alone made the refinancing process every bit worth it. Would recommend to anyone, and will be back for any future purchases! Bret Brennan, March 2021
    See More Reviews
    Marimark Mortgage LLC
    5327 Primrose Lake Circle
    Tampa, FL 33647-1328
    (813) 910-8020
    (866) 910-8020

    Accessibility
    Privacy Policy
    Terms of Service
    Sitemap

    Reviews

    Website Testimonials
    Google Reviews
    Zillow Reviews
    Trulia Reviews
    Facebook Reviews
    Yelp Reviews
    BBB A+ Rating

    FOLLOW US

    • ‎
    • ‎
    • ‎
    • ‎
    • ‎
    • ‎
    Marimark Mortgage is a BBB A+ Accredited Business

    Recent Posts

    • FHA Announced a 30-Basis Point Reduction to Annual Mortgage Insurance Premiums
    • How Can You Improve Your Credit Score?
    • Historical Mortgage Rates From The 1970s
    • What You Need to Know About Mortgage Forbearance
    • Top Tips to Save Money for a Down Payment

    © 2023 Marimark Mortgage, LLC All Rights Reserved. | Internet Marketing by Image Building Media. | RSS Feed

    Reviews / Recommendations: Google, Zillow, Trulia, LinkedIn, Facebook, Yelp, BBB

    Licensed in Florida by the Office of Financial Regulation, Mortgage Lender License #MLD77.
    Licensed in Virginia by the Virginia State Corporation Commission, License MC#4556.
    Licensed in Pennsylvania by the Department of Banking and Securities, License #40222.
    NMLS#248318 – www.nmlsconsumeraccess.org.