Unlike coastal Florida, Lakeland isn't a fashionable tourist draw. Rather, it's a working-class community whose economy revolves around agricultural support for rich citrus farms in the surrounding countryside. It's also the largest metro area on Interstate 4 between Orlando and Tampa, serving the truckers and travelers who travel between the two spots. Incomes are a humble 16% below the national median.
The key to Lakeland's affordability? Home prices bottomed out in early 2011 when they fell to a median of $86,000, according to the index. Although they've recovered some since, they're still a far cry from the height of the real estate bubble, when they were a frothy $201,000.
Cities reporting the highest rates of murder, rape, robbery, assault, burglary and car theft, according to an annual analysis of FBI data.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.66%||3.58%|
|15 yr fixed||2.79%||2.72%|
|30 yr refi||3.64%||3.57%|
|15 yr refi||2.79%||2.72%|
Today's featured rates:
|Yahoo to buy Tumblr for $1.1 billion: Report|
|Stocks on a roll: Yahoo, Microsoft stoke appetite|
|My very cheap day|
|5 reasons why Yahoo is making a $1.1 billion mistake|
|The Winklevoss twins are Bitcoin bulls|