USA.com / Florida / Lake Wales, FL / Housing

Lake Wales, FL Housing

Basic InfoPopulation/RacesIncome/CareersHousingEducationCrime/Crime RateOthers

Hot Rankings

Fastest / Slowest Growing Cities Nearby

Best / Worst Cities by Crime Rate Nearby

Richest / Poorest Cities by Income Nearby

Expensive / Cheapest Homes Nearby

Most / Least Educated Cities Nearby

Fastest / Slowest Growing Cities in FL

High / Low FL Cities by Males Employed

High / Low FL Cities by Females Employed

Best / Worst Cities by Crime Rate in FL

Richest / Poorest Cities by Income in FL

Expensive / Cheapest Homes by City in FL

Most / Least Educated Cities in FL

As of 2010-2014, median price of a house in Lake Wales is $108,300, which is lower than the state average of $156,200 and is much lower than the national average of $175,700. The Lake Wales median house value has grown by 54.94% since 2000. The growth rate for the price of a house in Lake Wales is higher than the state average rate of 48.06% and is higher than the national average rate of 46.91%. The median year that a house in Lake Wales was built is 1982, which is older than the median year for a house built in the state which is 1985 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,169 Owner Occupied Houses in Lake Wales, FL, #568

Lake Wales, FL	108,300 USD
Florida	156,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #261

Lake Wales, FL	54.94%
Florida	48.06%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Lake Wales, FL	Florida	U.S.
Total Housing Units	6,733, see rank, 100%	9,051,851	132,741,033
Occupied Housing Units	5,497, 81.64%, see rank	79.74%	87.55%
Owner Occupied	3,169, 47.07%, see rank	52.73%	56.34%
Renter Occupied	2,328, 34.58%, see rank	27.01%	31.21%
Vacant Housing Units	1,236, 18.36%, see rank	20.26%	12.45%
For Rent	281, 4.17%, see rank	2.97%	2.34%
For Sale Only	189, 2.81%, see rank	1.66%	1.20%
Rented or Sold, Not Occupied	64, 0.95%, see rank	1.21%	0.92%
For Seasonal, Recreational, or Occasional Use	385, 5.72%, see rank	9.84%	3.97%
For Migrant Workers	9, 0.13%, see rank	0.04%	0.03%
Other Vacant	308, 4.57%, see rank	4.54%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #440

Lake Wales, FL	Florida	U.S.
1982	1985	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Lake Wales, FL	%	Florida	U.S.
Owner-Occupied Units	3,169	100%	4,772,944	74,787,460
With a Mortgage	1,908	60.21%, see rank	61.11%	65.58%
Without a Mortgage	1,261	39.79%, see rank	38.89%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Lake Wales, FL	1,145 USD
Florida	1,480 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Wales, FL	%	Florida	U.S.
$299 or Less	0	0.00%, see rank	0.21%	0.20%
$300 to $499	21	1.10%, see rank	1.53%	1.59%
$500 to $699	113	5.92%, see rank	5.00%	5.01%
$700 to $999	508	26.62%, see rank	14.91%	14.32%
$1,000 to $1,499	911	47.75%, see rank	29.50%	27.90%
$1,500 to $1,999	252	13.21%, see rank	21.21%	20.35%
$2,000 to $2,999	88	4.61%, see rank	18.45%	19.52%
$3,000 or More	15	0.79%, see rank	9.20%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Wales, FL	24.00% of the Total Income
Florida	26.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lake Wales, FL	%	Florida	U.S.
10% or Less	57	2.99%, see rank	4.76%	5.86%
10% to 20%	643	33.70%, see rank	25.89%	31.95%
20% to 30%	522	27.36%, see rank	25.92%	27.64%
30% to 40%	298	15.62%, see rank	14.93%	13.74%
40% or More	379	19.86%, see rank	27.62%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Lake Wales, FL	454 USD
Florida	469 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Wales, FL	%	Florida	U.S.
$199 or Less	144	11.42%, see rank	9.06%	7.76%
$200 to $299	237	18.79%, see rank	13.71%	14.70%
$300 to $499	356	28.23%, see rank	32.19%	34.63%
$500 to $699	299	23.71%, see rank	22.09%	21.16%
$700 or More	225	17.84%, see rank	22.95%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Wales, FL	14.00% of the Total Income
Florida	13.30% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lake Wales, FL	%	Florida	U.S.
10% or Less	371	29.42%, see rank	36.34%	40.19%
10% to 20%	480	38.07%, see rank	31.41%	31.47%
20% to 30%	195	15.46%, see rank	12.98%	12.24%
30% to 40%	45	3.57%, see rank	6.40%	5.64%
40% or More	158	12.53%, see rank	10.85%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Lake Wales, FL	Florida	U.S.
Total Housing Units	6,733, 100%	9,051,851	132,741,033
1-unit, Detached	4,317, 64.12%, see rank	54.16%	61.65%
1-unit, Attached	67, 1.00%, see rank	6.28%	5.82%
2 Units	393, 5.84%, see rank	2.17%	3.75%
3 or 4 Units	342, 5.08%, see rank	3.85%	4.43%
5 to 9 Units	497, 7.38%, see rank	5.03%	4.78%
10 or More Units	696, 10.34%, see rank	19.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	421, 6.25%, see rank	9.28%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Lake Wales, FL	Florida	U.S.
Total Housing Units	6,733, 100%	9,051,851	132,741,033
1 Room	94, 1.40%, see rank	1.65%	1.95%
2 Rooms	135, 2.01%, see rank	2.16%	2.48%
3 Rooms	880, 13.07%, see rank	10.38%	9.13%
4 Rooms	1,409, 20.93%, see rank	21.92%	16.60%
5 Rooms	1,834, 27.24%, see rank	23.70%	20.41%
6 Rooms	1,074, 15.95%, see rank	17.82%	18.06%
7 Rooms	618, 9.18%, see rank	10.59%	12.27%
8 Rooms	298, 4.43%, see rank	6.13%	8.48%
9 Rooms or More	391, 5.81%, see rank	5.66%	10.60%
Median Rooms	5.00, see rank	5.10	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Lake Wales, FL	Florida	U.S.
Total Housing Units	6,733, 100%	9,051,851	132,741,033
No Bedroom	106, 1.57%, see rank	1.80%	2.17%
1 Bedroom	917, 13.62%, see rank	10.62%	11.16%
2 Bedrooms	2,505, 37.20%, see rank	33.79%	26.69%
3 Bedrooms	2,629, 39.05%, see rank	38.45%	39.70%
4 Bedrooms	433, 6.43%, see rank	12.90%	16.05%
5 or More Bedrooms	143, 2.12%, see rank	2.45%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Lake Wales, FL	Florida	U.S.
Total Housing Units	5,497, 100%	7,217,508	116,211,092
Utility Gas	299, 5.44%, see rank	4.53%	48.85%
Bottled, Tank, or LP Gas	34, 0.62%, see rank	1.12%	4.86%
Electricity	5,045, 91.78%, see rank	92.30%	36.68%
Fuel Oil, Kerosene, etc.	39, 0.71%, see rank	0.22%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	0, 0.00%, see rank	0.20%	2.12%
Solar Energy	17, 0.31%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.04%	0.47%
No Fuel Used	63, 1.15%, see rank	1.56%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Lake Wales, FL	Florida	U.S.
Occupied Units Paying Rent	2,182, 100%	2,322,949	39,201,928
$199 or Less	62, 2.84%, see rank	1.03%	1.50%
$200 to $299	84, 3.85%, see rank	1.85%	3.18%
$300 to $499	263, 12.05%, see rank	3.93%	7.37%
$500 to $699	529, 24.24%, see rank	11.03%	16.01%
$700 to $999	887, 40.65%, see rank	32.44%	29.17%
$1,000 to $1,499	276, 12.65%, see rank	34.44%	26.88%
$1,500 to $1,999	37, 1.70%, see rank	10.35%	9.79%
$2,000 or More	44, 2.02%, see rank	4.93%	6.10%
Median	$735, see rank	$998	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Lake Wales, FL	Florida	U.S.
Occupied Housing Units	5,497, 100%	7,217,508	116,211,092
No Vehicles Available	713, 12.97%, see rank	7.09%	9.12%
1 Vehicles Available	2,788, 50.72%, see rank	41.49%	33.80%
2 Vehicles Available	1,463, 26.61%, see rank	37.93%	37.48%
3 or More Vehicles Available	533, 9.70%, see rank	13.49%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.