Foreclosure Homes in Lake Wales, FL 33853

Current Market Conditions in Lake Wales, FL

The real estate market in Lake Wales has experienced steady growth, with an increase in demand for affordable homes and rental properties. The area's appealing lifestyle and local amenities have attracted both families and retirees looking for a quieter living environment.

In recent months, home listings in Lake Wales have become increasingly competitive, with a decrease in inventory leading to quicker sales and a rise in home prices. This trend suggests a healthy market where sellers can expect favorable outcomes.

Rent Prices In Lake Wales, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Wales, FL, is on a rollercoaster ride. The average rent price in Lake Wales, FL, is $1,018.00. Indeed, when looking to rent in Lake Wales, FL, you can expect to pay as little as $440.00 or as much as $3,260.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Lake Wales, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.