CENTURY 21 Edge

Homes for sale in

Lake Wales, Florida

Lakes, ridge country, and room to breathe

353

Homes for sale

$258,900

Median list price

$195

Avg price / sqft

57

Median days on market

Lake Wales sits up on the Central Florida ridge in Polk County, a slower-paced pocket of lakes and citrus country where you can still find real acreage without leaving the metro entirely behind. Life here runs through Downtown Lake Wales and the surrounding lakes, with retirees and families sharing communities like Lake Ashton and Saddlebag Lake. Disney is about 68 minutes northwest, close enough for a day trip but far enough that prices stay grounded.

For buyers, this is one of the more approachable markets in the region: 375 active listings with a median list price of $253,990 and options stretching from $49,000 up past $2 million. Homes are moving at a median of 54 days, and over the past year 815 sales closed at a median of $264,740, with sellers collecting about 96% of asking. That mix of inventory and negotiability leaves room to shop across single-family homes, manufactured homes, and new construction without rushing.

Lake Wales is in Polk County, Florida.

Quick facts

$55,000$2.2M price range

1,463 sqft median home

$1,750/mo median rent

Leans seller right now

Drive times

Walt Disney World68 min

Fresh on the market

Newest homes in Lake Wales

View all 353 homes →

250 of 353 active listings shown

Open full map search →

The numbers that matter

The Lake Wales market

Leans seller

4.9 months of inventory

Seller’s marketBuyer’s market

Demand still outpaces supply, but buyers have a little more room.

802

Sold, last 12 months

$264,837

Median sold price

96%

Sale-to-list ratio

What sellers actually get vs asking

49 days

Median time to sell

Lake Wales vs Polk County

Median list price

Lake Wales$259K
Polk Co.$320K

Price per sqft

Lake Wales$195
Polk Co.$193

Days on market

Lake Wales57d
Polk Co.47d

Median sold price — 3-yr, 3-mo rolling

5.6% yr/yr

$233K$261K$289KAug ’23Jul ’26

Homes on the market

4.5% yr/yr

278413548Aug ’23Jul ’26

Homes sold per month

04487Aug ’24Jul ’26

Live Stellar MLS data — listings and closed sales in Lake Wales, FL. Rolling medians smooth single-month swings in thin markets.

Where to look

Lake Wales neighborhoods

Show all 13 Lake Wales neighborhoods A–Z+

Neighborhood boundaries by edgeAI — listings matched to the actual polygon, not agent-entered subdivision names.

For the school run

School zones with homes for sale

Homes matched to official attendance boundaries — always verify zoning with the district.

Beyond the listings

Living in Lake Wales

01

Lakefront living, still attainable

With 43 waterfront listings active, you can find [waterfront homes](/area/lake-wales-fl/waterfront-homes) here at prices that would be out of reach on the coast.

02

A real 55+ hub

86 active 55+ listings, anchored by Lake Ashton, make this one of Polk County's deepest markets for [55+ communities](/area/lake-wales-fl/55-plus-communities).

03

Golf and gated options

32 golf-community and 56 gated listings mean [golf communities](/area/lake-wales-fl/golf-course-communities) and [gated communities](/area/lake-wales-fl/gated-communities) are genuinely available, not just aspirational.

04

Budget-friendly entry points

With listings starting at $49,000 and a wide manufactured-home segment, buyers can [browse by price](/area/lake-wales-fl/homes-under-200k) and still find something workable.

05

New homes and fresh inventory

61 new-construction listings give buyers a modern alternative to the resale [single-family homes](/area/lake-wales-fl/single-family-homes) that dominate the market.

Population

16,365

Median age

41.1

Median income

$55,799

Median home value

$225,900

What people here are into

Entertainment

Lighthearted Fun

This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.

Beliefs

Politically Engaged

Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.

Food & Drink

Ingredient Attentive

These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.

Hobbies & Interests

Engine Enthusiast

This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.

Active

Fitness Obsession

Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.

Hobbies & Interests

Green Thumb

From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.

What it really costs

Owning here

Owning the median Lake Wales home

$1,831/mo

Principal & interest $1,364
Property tax $174
HOA / fees $83
Insurance (est.) $210

$258,900 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

8%

In a FEMA flood zone

Ask about flood insurance early — it changes the payment

$1,750/mo

Median rent

50 homes for rent right now

Straight answers

Lake Wales real estate FAQs

Is Lake Wales a good place to live?+

It suits buyers who want lakes, ridge scenery, and a slower pace while staying within about 68 minutes of Walt Disney World. Communities range from active-adult Lake Ashton to lakefront neighborhoods, and the town center around Downtown Lake Wales gives it a real sense of place. Assigned schools most often include Spook Hill Elementary, McLaughlin Middle, and Bartow Senior High.

Is Lake Wales expensive?+

No — it's one of the more affordable markets in the area, with a median list price of $253,990 and active listings ranging from $49,000 to $2,245,000. Average price per square foot runs about $198 on a median home size of 1,429 sqft. Entry-level homes under 200k are realistic here in a way they aren't closer to the coast.

What do homes cost in Lake Wales?+

Over the past 12 months, 815 homes sold at a median price of $264,740, and current active listings carry a median of $253,990. The housing mix leans toward single-family residences (219 active), followed by manufactured homes, condos, and villas. Waterfront and $1M+ options exist too, with 43 waterfront homes currently listed.

How is the Lake Wales housing market?+

It's steady and negotiable — homes take a median of 54 days to sell, and sellers are getting about 96% of their asking price on average. With 375 active listings, buyers have real choice and often room to negotiate. Watching the just reduced listings can surface motivated sellers.

What about HOA fees and property taxes?+

The median HOA runs about $83/month, though that varies widely by community — gated and 55+ neighborhoods like those you'll find among the gated communities typically sit higher. Median property tax is roughly $2,025 per year, and median rent is about $1,850/month if you're weighing renting versus buying.

Keep exploring

Nearby areas

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.

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