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Lake Wales, FL
Full City Profile · Florida · Polk County County
2.9
/5.0
C+
Fair
16,365
Population
806/sq mi density
$55,799
Median Income
$27,794 per capita
$225,900
Home Value
$245,696 Zillow
$1,060
Median Rent
43.5% income on rent
74°F
Avg Temperature
330 sunny days/yr
325
Violent Crime/100K
2,118 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$55,799 median income, 2.8% unemployment
A
Affordability
4.4 / 5.0
$225,900 home value, $1,060/mo rent
F
Safety
1.0 / 5.0
325 violent crimes/100K
C+
Education
2.8 / 5.0
22.0% bachelor's degree or higher
Housing Overview
Median Home Value
$225,900
20% below
US avg: $281,900
Median Rent
$1,060/mo
9% below
US avg: $1,163/mo
Homeownership Rate
61.0%
7% below US avg (65.4%)
Total Housing Units
8,181
Median year built: 1989
Home Value by Source
Census Median
$225,900
Zillow (ZHVI)
$245,696
Median Sale Price
$275,000
Median List Price
$272,990
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.0%
Owner-Occupied
39.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,060/mo
· Zillow rent:
$1,467/mo
Market Indicators (Redfin)
Median Days on Market
53 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
25
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$163
Active Inventory
150
homes for sale
Affordability & Housing Stock
Rent Burden
43.5%
of renters spending 30%+ of income on housing
40% above US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
61.0%
Complete Housing Data
Home Values
| Census Median Value | $225,900 |
| Zillow Home Value (ZHVI) | $245,696 |
| Median Sale Price | $275,000 |
| Median List Price | $272,990 |
| Price Per Sq Ft | $163 |
Rent
| Census Median Rent | $1,060 |
| Zillow Rent (ZORI) | $1,467 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 53 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.3% |
| Homes Sold | 25 |
| Active Inventory | 150 |
| Price Per Sq Ft | $163 |
Ownership & Stock
| Owner-Occupied | 61.0% |
| Renter-Occupied | 39.0% |
| Homeownership Rate | 61.0% |
| Total Housing Units | 8,181 |
| Median Year Built | 1989 |
| Rent Burden | 43.5% |