The median home in Lake Wales, Florida is valued at $240,866, down 4.2% year over year. Typical monthly rent is $1,456, producing a price-to-rent ratio of 13.8x — below the national average of 18x. Lake Wales is part of the Lakeland-Winter Haven, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Lakeland-Winter Haven, FL stress score, crash risk, and 12-month forecast →

Home Value$240,866

-4.2%

Rent$1,456/mo

AFFORDABILITY

Enter your income for Lake Wales.

Income (annual)

Down Payment

$48,173 on $240,866

Affordable — 27.9% of income

Under the 28% guideline.

PITI$1,741

P/I27.9%

Afford$242K

Room+$1K

P&I $1,218Tax $173Ins $350

Renting $285/mo cheaper ($1,456 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Lake Wales with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Lakeland-Winter Haven, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Lakeland-Winter Haven, FL metro.

View Lakeland-Winter Haven, FL metro →

LAKE WALES, FL