Lake Wales, FL 33898 Landlot Properties For Sale
The median home value in Lake Wales, FL 33898 is $236,500. This is lower than the county median home value of $312,500. The national median home value is $338,100. The average price of homes sold in Lake Wales, FL 33898 is $236,500. Approximately 58.16% of Lake Wales, FL 33898 homes are owned, compared to 12.45% rented, while 29.39% are vacant. Lake Wales, FL 33898 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Lake Wales, FL 33898 real estate agent to arrange a tour today!
Learn More About Lake Wales, FL 33898 Real EstateStatistics & facts
16,766
Population
$236K
Medium Home Value
6,670
# of Households
29.39%
Housing Vacancy
58.04%
Future Job Growth
2.80%
Unemployment Rate
Information deemed reliable but not guaranteed. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Population
Lake Wales, FL 33898 has a population of approximately 16,766 and experiences a population change rate of 8.13%. The population density is 55 / sq mi.
Household
The median household income for Lake Wales, FL 33898 is $48,185, with 6,670 households and an average household size of 2.42.
Cost of Living
The cost of living index in Lake Wales, FL 33898 is 93.7%.
Home Value
The median value of a home in Lake Wales, FL 33898 is $236,500 with an appreciation rate of 25.4%. 58.2% of housing in the zip code is owned while 12.4% is rented.
Employment
The unemployment rate in Lake Wales, FL 33898 is 2.80%, and recent job growth is at 2.92%. Future job growth is projected at 58.04%.
Taxes
The sales tax rate in Lake Wales, FL 33898 is 7.00%, while the income tax rate is 0.00%.
Education
School expenditures in Lake Wales, FL 33898 are $10,984, and the school ratio is 17.8:1.
Weather
The average high temperature in July is 92.8 degrees, with an average low temperature in January of 49.2 degrees. The average rainfall is approximately 50.8 inches per year, with 0 inches of snow per year.
Education near Lake Wales FL, 33898
| Metric | City | County |
|---|---|---|
| High School Graduates | 85.83 | 86.36 |
| College Degree - 2 year | 8.83 | 9.74 |
| College Degree - 4 year | 20.28 | 21.01 |
| Graduate Degree | 6.87 | 5.22 |
| Expenditures per Student | $10,984 | $10,984 |
| Students per Teacher | 17.80 | 17.80 |
