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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
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings sourced from RMLS™ of Portland Oregon are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright 2025, RMLS of Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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 |
