What is the median home price in Lake Wales?

The median home price in Lake Wales, Lake Wales city, Florida is $208,500, which is 26% below the national average of 281,900 ($281,900).

Lake Wales, Lake Wales city, Florida has a violent crime rate of 4.0 per 1,000 residents, which is 11% above the national average. The national average is 3.6 per 1,000 residents. The property crime rate is 23.6 per 1,000 residents.

What is the median household income in Lake Wales?

The median household income in Lake Wales, Lake Wales city, Florida is $55,833, which is 25% below the national average of 74,580 ($74,580).

What is the average rent in Lake Wales?

The median rent in Lake Wales, Lake Wales city, Florida is $776 per month. The national average median rent is $1,163/month.

What is the air quality in Lake Wales?

Lake Wales, Lake Wales city, Florida has an Air Quality Index (AQI) of 38, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Lake Wales?

The population of Lake Wales, Lake Wales city, Florida is approximately 16,455. The homeownership rate is 80.0% (national average: 65.9%).

What are the climate risks in Lake Wales?

Lake Wales, Lake Wales city, Florida has an overall climate risk rating of "Relatively Moderate" with a risk score of 66.56. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Lake Wales affordable?

Lake Wales, Lake Wales city, Florida has an affordability index of 214, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 13.6¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Lake Wales?

The unemployment rate in Lake Wales, Lake Wales city, Florida is 5.7%. The national average unemployment rate is 3.7%. The poverty rate is 20.3% (national average: 12.4%).

Lake Wales

Lake Wales city, Florida

Affordable

About Lake Wales

Nestled in the heart of Central Florida, Lake Wales offers a refreshing alternative to the hustle and bustle of larger cities, appealing to those seeking affordability and a slower pace of life. With a population of just over 16,000, this charming community boasts a median home value of around $208,500, significantly below the national average, making homeownership a realistic dream. The relaxed atmosphere is palpable, where neighbors know each other and community events are a regular occurrence. Imagine spending your weekends exploring the scenic beauty of Bok Tower Gardens or enjoying the local cuisine – life in Lake Wales is all about savoring the simple pleasures.

From an investment perspective, Lake Wales is particularly attractive. While the median household income hovers around $55,833, the cost of living remains exceptionally low, stretching your dollar further. The area is known for its safety, providing peace of mind for families and individuals alike. The housing market presents numerous opportunities for first-time homebuyers or those looking to downsize. With its blend of affordability, safety, and a welcoming community, Lake Wales is an ideal choice for retirees, young families, and anyone seeking a high quality of life without breaking the bank.

Lake Wales, Florida at a Glance

Lake Wales is a city in Lake Wales city, Florida with a population of approximately 16,455. The median home value is $208,500 and the median household income is $55,833.. The violent crime rate is 4.0 per 1,000 residents, compared to the national average of 3.6. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $776 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.