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Fixer Upper Homes in Lake Wales, FL

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Lake Wales, FL Foreclosures

How much do homes sell for in Lake Wales, FL?
The average home price is currently $275,252.
In Lake Wales, FL, how many homes are available?
There are currently 1 active home listings available in Lake Wales.
What’s the average rental cost in Lake Wales, FL?
The average rental price in Lake Wales is $1,018.
What is the most expensive home in Lake Wales?
The most expensive home sold in Lake Wales had a price of $19,566,439.
What is currently the cheapest priced home in Lake Wales, FL?
The cheapest home for sale in Lake Wales is priced at $10,321.

Living in Lake Wales, FL

Lake Wales is a charming city located in central Florida, known for its picturesque landscapes and vibrant community. It offers a mix of outdoor activities, historic sites, and a warm, welcoming atmosphere. Residents enjoy a laid-back lifestyle, with access to beautiful lakes and parks, making it an ideal place for families and retirees alike.

Current Market Conditions in Lake Wales, FL

The Lake Wales real estate market is experiencing steady growth as more people are discovering the area's charm and affordability. Home values have seen a gradual increase over the past year, making it an attractive option for both first-time buyers and investors alike.

Demand for homes in Lake Wales has risen due to the area's desirable lifestyle offerings and proximity to larger urban centers. As a result, the market remains competitive, with many properties receiving multiple offers.

In addition, new developments and revitalization efforts in Lake Wales are attracting both residents and businesses to the area, further enhancing the economic landscape and driving real estate interest.

Home Value Estimator For Lake Wales, FL

There are currently 16,065 real estate properties in Lake Wales, FL, with a median automated valuation model (AVM) price of $225,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Wales, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Wales, FL, is $275,252.00, with the most expensive house in Lake Wales, FL, topping out at $19,566,439.00 and the cheapest home in Lake Wales, FL, clocking in at $10,321.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Wales, FL!

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.

Lake Wales, FL Fixer Upper Homes

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