Lake Wales, FL is a great place to invest in real estate. The median value of houses in Lake Wales is around $231,600, which is significantly lower than the national median value of $338,100. Over the past year, the US housing appreciation rate was 8.27%, but in Lake Wales it was even higher at 19.81%. This makes Lake Wales an excellent opportunity for investors and homeowners alike who want to capitalize on these attractive rates of return. With its lower median value and higher appreciation rate, Lake Wales housing provides a great opportunity for those who want to take advantage of the current market conditions.
The median home cost in Lake Wales is $231,600. Home appreciation the last 10 years has been 186.0%. Home Appreciation in Lake Wales is up 25.4%.
Average Age of Homes
- The median age of Lake Wales real estate is 31 years old
The Rental Market in Lake Wales
- Renters make up 34.6% of the Lake Wales population
- 0.7% of houses and apartments in Lake Wales, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.