2026 Affordability Data
Most Affordable Neighborhoods in Lake Wales - 2026 Data
The median home value in Lake Wales is $208,500, 26% below nat'l avg. Median rent is $776/month. With an affordability index of 214, Lake Wales is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Lake Wales, FL area.
Key Takeaways: Affordability in Lake Wales
- 1The most affordable neighborhood in Lake Wales is Sanford, with a median home value of $77,800.
- 2Lake Wales's median home value is $208,500, 26% below nat'l avg (national: $281,900).
- 3Lake Wales's affordability index is 214 (baseline 100), making it more affordable than the national average.
- 4Median rent in Lake Wales is $776/month, 33% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Lake Wales to find the most affordable areas based on home values, rent, and affordability index.
Lake Wales Affordability Overview
Median Home Value
$208,500
26% below nat'l avg
Median Rent
$776/mo
33% below nat'l avg
Median Income
$55,833
25% below nat'l avg
Affordability Index
214
114% above nat'l avg
Most Affordable Neighborhoods in Lake Wales (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SanfordFL | $77,800 |
| 2 | WildwoodFL | $363,900 |
| 3 | North Palm Beach villageFL | $418,100 |
| 4 | Haines CityFL | $222,100 |
| 5 | SeminoleFL | $279,000 |
| 6 | BartowFL | $195,200 |
| 7 | Belle GladeFL | $136,500 |
| 8 | SebringFL | $152,000 |
| 9 | LakelandFL | $207,800 |
| 10 | MinneolaFL | $348,700 |
| 11 | Holly HillFL | $155,600 |
| 12 | North LauderdaleFL | $234,300 |
| 13 | West ParkFL | $305,400 |
| 14 | Wellington villageFL | $492,300 |
| 15 | AuburndaleFL | $229,400 |
Detailed Neighborhood Profiles
Home Value: $77,800
Rent: $1,233/mo
Affordability: 258
Population: 1,397
Walk Score: 68/100
Home Value: $363,900
Rent: $776/mo
Affordability: 214
Population: 15,735
Home Value: $418,100
Rent: $776/mo
Affordability: 214
Population: 13,092
4
Home Value: $222,100
Rent: $776/mo
Affordability: 214
Population: 28,922
5
Home Value: $279,000
Rent: $776/mo
Affordability: 214
Population: 19,287
6
Home Value: $195,200
Rent: $776/mo
Affordability: 214
Population: 19,424
7
Home Value: $136,500
Rent: $776/mo
Affordability: 214
Population: 16,896
8
Home Value: $152,000
Rent: $776/mo
Affordability: 214
Population: 11,006
9
Home Value: $207,800
Rent: $776/mo
Affordability: 214
Population: 114,404
10
Home Value: $348,700
Rent: $776/mo
Affordability: 214
Population: 14,406
11
Home Value: $155,600
Rent: $776/mo
Affordability: 214
Population: 12,919
12
Home Value: $234,300
Rent: $776/mo
Affordability: 214
Population: 44,635
13
Home Value: $305,400
Rent: $776/mo
Affordability: 214
Population: 15,074
14
Home Value: $492,300
Rent: $776/mo
Affordability: 214
Population: 61,373
15
Home Value: $229,400
Rent: $776/mo
Affordability: 214
Population: 16,432
Frequently Asked Questions About Affordability in Lake Wales
What is the most affordable neighborhood in Lake Wales, FL?▾
Based on 2026 data, Sanford is the most affordable neighborhood in Lake Wales with a median home value of $77,800. Kurby analyzed 15 neighborhoods in the Lake Wales area to compile these rankings.
What is the median home price in Lake Wales, FL?▾
The median home price in Lake Wales is $208,500, which is 26% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Lake Wales affordable compared to the national average?▾
Lake Wales has an affordability index of 214, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Lake Wales, FL?▾
The median monthly rent in Lake Wales is $776. This is 33% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Lake Wales?▾
The median household income in Lake Wales is $55,833 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Lake Wales are below the national average home price?▾
10 out of 15 ranked neighborhoods in Lake Wales have a median home value below the national average of $281,900. The most affordable is Sanford at $77,800 (Source: Kurby, 2026).