Housing in Lake Wales, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$294,990
Median List Price
$307,990
Price Per Sq Ft
$165
Days on Market
64
Active Inventory
148
Months of Supply
9.9
Buyer's market
Zillow Home Value
$240,866
ZHVI — January 2026
Zillow Rent Index
$1,456
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
13.3%
Off Market in 2 Weeks
30.3%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
15
New Listings
43
Pending Sales
33
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$165
Median List $/SF
$172
Lake Wales vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Lake Wales is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$225,900
Median Rent
$1,060
Total Housing Units
7,961
Vacancy Rate
17.6%
Owner Occupied
61.0%
Renter Occupied
39.0%
Median Property Tax
$1,924
per year
Monthly Cost (w/ Mortgage)
$965
Housing Types
The current median sale price in Lake Wales, FL is $294,990 according to Redfin data. Homes spend a median of 64 days on the market. 13.3% of homes sold above asking price. The market has 9.9 months of supply. The median price per square foot is $165. Zillow's observed rent index is $1,456/month. About 61.0% of housing units are owner-occupied. The median year homes were built is 1992. There are 7,961 total housing units.