Lake Wales, FL Real Estate
According to census data in the year 2000 there were 4,508 housing units in Lake Wales.
This represents a 6.4% growth from 4,235 in 1990.
Of those housing units, 4,461 were located in either urbanized areas or urban clusters, and 47 were located in what is classified as a rural area.
Homeownership rate in Lake Wales is about 53.6%.
Lake Wales's vacancy rate, including seasonal lodging, is about 11.4%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Lake Wales were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 21.50% |
| Two Bedrooms | 35.10% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 0.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $69,900 |
| Median Price asked for vacant units | $61,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $311 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 50.50% |
| Debt Free | 39.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
