Housing & Real Estate — Lake Wales, Florida
Overview
| Total Housing Units | 7,961 |
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| Occupied | 6,560 |
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| Vacant | 1,401 |
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| Owner-Occupied | 3,999 |
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| Renter-Occupied | 2,561 |
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| Median Home Value (Census) | $239,300 |
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| Estimated 2026 | ~$273,000 |
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| Median Rent | $1,060/mo |
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| Median Property Tax | $2,171/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 22.6% |
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| Severely Rent-Burdened | 57.1% |
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Housing Age
| Built 2010 or later | 953 |
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| Built 2000-2009 | 2,248 |
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| Built 1990-1999 | 1,034 |
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| Built before 1960 | 1,359 |
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| Median Year Built | 1989 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
