The housing market in 33898 Lake Wales, FL has been performing very well over the past year. According to the data provided, the median value of a home in this area is currently $236,500, which is substantially lower than the US median value of $338,100. However, the one year appreciation rate of homes in this area was 19.81%, which is much higher than the US one year appreciation rate of 8.27%. This indicates that Lake Wales has enjoyed strong growth in its housing market over the last year and could be an attractive location for those looking for a new home.
The median home cost in Lake Wales (zip 33898) is $236,500. Home appreciation the last 10 years has been 186.0%. Home Appreciation in Lake Wales (zip 33898) is up 25.4%.
Average Age of Homes
- The median age of Lake Wales (zip 33898) real estate is 32 years old
The Rental Market in Lake Wales (zip 33898)
- Renters make up 14.8% of the Lake Wales (zip 33898) population
- 0.6% of houses and apartments in Lake Wales (zip 33898), 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.