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Foreclosures 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 $269,942.
In Lake Wales, FL, how many homes are available?
There are currently 38 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 $19,902,050.
What is currently the cheapest priced home in Lake Wales, FL?
The cheapest home for sale in Lake Wales is priced at $12,373.

Living in Lake Wales, FL

Lake Wales, Florida, is a picturesque city located amidst several lakes, providing residents with a serene lifestyle that combines nature and community. Known for its historic downtown and friendly atmosphere, Lake Wales offers various local amenities, recreational opportunities, and strong community ties, making it a desirable place to live.

Current Market Conditions in Lake Wales, FL

The real estate market in Lake Wales has seen a steady increase this year, with more families and retirees gravitating towards the area due to its affordability and quality of life. Housing prices have appreciated slightly as demand has grown, particularly for single-family homes and lakefront properties.

Interestingly, there is a growing trend towards eco-friendly housing in the area, as many residents are looking for sustainable living options that complement Lake Wales' natural landscape.

Home Value Estimator For Lake Wales, FL

There are currently 14,478 real estate properties in Lake Wales, FL, with a median automated valuation model (AVM) price of $220,890.00. 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 $269,942.00, with the most expensive house in Lake Wales, FL, topping out at $19,902,050.00 and the cheapest home in Lake Wales, FL, clocking in at $12,373.00. 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

Market Trend for Lake Wales, FL

Total Listings Available: 38

Market Values:

Home Prices from $12,373 to $19,902,050

Average Sales Price: $269,942

Rental Values:

Rental from $440 to $3,260

Average Rent Value: $1,018 / month

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