Median price for residential apartments in Lake Wales, FL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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311 Lake Wales, FL, USA apartments for sale
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Lake Wales
According to statistics, the population in Lake Wales, FL amounts to 15,401, which shows growth 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $40,499, shifting growth 6% from the past year, and the average property value in Lake Wales, FL growth 24% to $134,100 throughout the year.
| Population | 15,401 |
| Median Age | 37.7 |
| Poverty Rate | 21% |
| Household Income | $40,499 |
| Number Of Employees | 5,649 |
| Median Property Value | $134,100 |
Household Income
The average household income in Lake Wales, FL grew from $38,268 to $40,499 in the past year. This data is an estimate based upon 5,623 households in Lake Wales, FL . The chart below presents how household income is distributed in Lake Wales, FL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Lake Wales, FL shifted from $108,000 to $134,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lake Wales, FL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lake Wales, FL properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lake Wales, FL compared to median property taxes around the country. The prevalent amount of property taxes in Lake Wales, FL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Lake Wales, FL, USA
Average apartment sale in Lake Wales: $270,698 (-11.1%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $76,859 | -75.1% |
| 2-bed apartments | $165,700 | -3.5% |
| 3-bed apartments | $323,269 | +2.6% |
| 4+ bed apartments | $358,532 | +3.1% |
During Dec 2022, the average price for an apartment in/near Lake Wales, FL decreased by 11.1% to $270,698.
Knowing the current property prices is key if you plan to buy a studio in Lake Wales, FL. The average price for a studio has decreased since the last month, currently being $76,859. After collecting all data points, we now see that the average price for 1-bed apartment stands at $1,700,000 with no changes this month. Asking price for 2-bed apartment also decreased by 3.5% and a place of this size will now cost you $165,700. A 3-bed apartment goes for $323,269, it increased by 2.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.1% and made it up to $358,532.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $280,234 | -3.8% |
| Lofts for sale | $491,380 | +0% |
| Condos for sale | $180,000 | +52.3% |
| Duplexes for sale | $224,900 | +0% |
| Land for sale | $76,859 | -75.8% |
While assessing the property pricing Lake Wales, FL, you can note that it remains flat with a price tag of $108,840. Price reports demonstrate that house price decreased by 3.8% this month making it up to $280,234. Condos are really in demand in this season. The median price for a condo increased by 52.3%, it’s now available for $180,000. An average value of duplex is $224,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $491,380. The average price of the land for sale in Lake Wales, FL has decreased by 75.8%, and now equals $76,859.
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