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.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom21.50%
Two Bedrooms35.10%
Three Bedrooms34.70%
Four Bedrooms6.50%
Five Bedrooms or more0.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1967
Median Value of occupied units$69,900
Median Price asked for vacant units$61,000

Rented Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1974
Median Monthly Rent asked for vacant units$311

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.50%
Home Equity Loan1.50%
Simple Mortgage50.50%
Debt Free39.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%