Home prices
The median home in Lake Wales is valued at $167,400. Compared to the surrounding areas it is roughly $44,060 (35%) higher.In comparison to the rest of the country it is approximately $50,100 (23%) lower, and compared to the city of Tampa it is about $71,500 (29%) lower.
Rents
The median monthly rent in Lake Wales is $821. This is roughly $107 (11%) lower in comparison to nearby areas.In comparison to the entire nation it is about $241 (22%) lower, and is roughly $310 (27%) lower in comparison to the city of Tampa.
Nearby places
Highland Park
Highland Park is Lake Wales's neighbor to the southeast. The housing prices there are somewhat more expensive. The cost of the median home in Highland Park is $227,300, which works out to $59,900 (26%) higher than Lake Wales. Rent there is similar. In Highland Park the median monthly rent is $800, which is $21 (2%) lower than Lake Wales.
Dundee
Dundee is Lake Wales's neighbor to the north. Its housing prices are a lot less expensive. Dundee's median home price is $121,400, which comes out to $46,000 (37%) lower than Lake Wales. Its rents are somewhat more expensive. In Dundee the median monthly rent is $907, which works out to $86 (9%) higher than Lake Wales.
Crooked Lake Park
Crooked Lake Park is about 7 miles south from Lake Wales. The real estate prices there are substantially less expensive. Crooked Lake Park's median home price is $86,100, which works out to $81,300 (94%) lower than Lake Wales. Rents there are a bit more expensive. In Crooked Lake Park the median rent is $936 per month, which works out to $115 (12%) higher than Lake Wales.
Babson Park
Babson Park is roughly 7 miles southeast from Lake Wales. Real estate prices there are substantially less expensive. The cost of the median home in Babson Park is $120,300, which comes out to $47,100 (39%) lower than Lake Wales. Rent there is a lot more expensive. Babson Park's median rent is $1,267 per month, which is $446 (35%) higher than Lake Wales.
Wahneta
Wahneta is roughly 7 miles west of Lake Wales. The housing prices there are substantially less expensive. Wahneta's median home price is $61,600, which is $105,800 (171%) lower than Lake Wales. The rent there is a bit less expensive. Wahneta's median monthly rent is $732, which works out to $89 (12%) lower than Lake Wales.
