Homes, values and local insight for Lake Wales, Polk County, Florida. Typical home value $243,000.
Reviewed and updated October 3, 2026 by Ryan and Megan Winslow, Winslow Homes
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Lake Wales is a community in Polk County, Florida, home to about 17,798 people across 20.3 square miles of land. The median household income is $55,799 and 61% of households own their home. The median home was built in 1992.
Nearby you will find Highland Park, Dundee, Hillcrest Heights. Ryan and Megan help buyers compare Lake Wales with these towns on price, commute and lifestyle.
The typical home in Lake Wales is worth $243,000, 18% below the Polk County typical value of $296,000 and 35% below the Florida typical value of $375,000.
Zillow Home Value Index for Lake Wales, August 2026. The middle of the market for single family homes and condos.
Home values in Lake Wales moved +22.5% over five years and +116.9% over ten.
Median gross rent in Lake Wales. Useful for investors running rental numbers.
Share of occupied homes in Lake Wales lived in by the owner.
A newer housing stock means fewer surprises at inspection.
Median household income in Lake Wales.
Ryan and Megan are mortgage bankers with The Federal Savings Bank, lending in all 50 states. You get the home and the loan from one team. On a typical Lake Wales home of $243,000:
Ryan and Megan price Lake Wales homes from recent sales, not guesses. Send your address and you get a free market analysis, with no obligation.
Typical value $340,000 · 285 residents
Area guide →Typical value $263,000 · 6,275 residents
Area guide →Typical value $258,000 · 282 residents
Area guide →Typical value $290,000 · 2,126 residents
Area guide →Typical value $279,000 · 5,576 residents
Area guide →Typical value $272,000 · 59,975 residents
Area guide →The Zillow Home Value Index for Lake Wales was $243,000 in August 2026, -2.3% over the past year.
Lake Wales is in Polk County, Florida.
About 17,798 people as of the 2024 Census Bureau estimate, up from 16,072 in 2020.
Ryan and Megan Winslow of Winslow Homes have sold over 3,000 homes since 2009 and are licensed in Florida, Massachusetts, Connecticut and Rhode Island. Call or text 386-690-5858.
Apply at www.winslowloan.com. Ryan and Megan are mortgage bankers with The Federal Savings Bank and lend in all 50 states, including FHA, VA and conventional loans.
61% of occupied homes in Lake Wales are owner occupied, based on the 2019 to 2023 American Community Survey.
17 years, over 3,000 homes sold, and one team for the home and the loan. Call or text 386-690-5858.
Sources: U.S. Census Bureau 2024 population estimates and 2019 to 2023 American Community Survey; Zillow Home Value Index, August 2026. Numbers update as new data is released. Talk to Ryan and Megan for current sold prices on your street.
No in-person meeting or phone call needed for most addresses. See your estimated value, price range and value trend in seconds.
Get coming-soon homes, pocket listings and price drops in Lake Wales, FL before they hit the big home search sites.
The typical home in Lake Wales is worth $271,843 as of August 2026, across 6 ZIP codes ranging from $89,074 in 33854 to $300,526 in 33827. Values moved +0.4% over the last 12 months at the middle ZIP code.
| ZIP | Typical value | 12 months | 5 years | Median sale, Mar to May 2026 | Days on market |
|---|---|---|---|---|---|
| 33827 | $300,526 | +0.8% | +24.5% | ||
| 33853 | $220,306 | -2.4% | +24.9% | $266,770 | 30 |
| 33854 | $89,074 | +1.1% | +8.3% | ||
| 33855 | $292,982 | +0.4% | +29.7% | $285,000 | |
| 33859 | $271,843 | -3.8% | +15.9% | ||
| 33898 | $249,889 | -1.7% | +23.1% |
Sources: Zillow Home Value Index through August 2026 and the Redfin Data Center ZIP code tracker, March to May 2026. Ask Ryan and Megan for a value for your own home.
