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Market Intelligence · FL / Polk County

Lake Wales, FL home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$248K1-yr changeDown1.6%

The typical home value in Lake Wales, FL is $248K as of September 2026, down 1.6% from a year ago, based on the Zillow Home Value Index. In the typical Lake Wales ZIP code, the median list price is $292K and homes spend a median of 80 days on market as of September 2026 (Realtor.com).

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The coverage

Lake Wales, by the numbers.

Typical home valueZillow ZHVI, September 2026
$248K
1-yr changeMedian across Lake Wales ZIPs
-1.6%
ZIP markets live
3
County
Polk County

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12-month value trend

-1.6% over 12 months

Typical home value in Lake Wales over the last 12 months: $252K in Sep 2025 to $248K in Sep 2026 (-1.6%).

Sep 2025$252K

Sep 2026$248K

Median Zillow home value index across Lake Wales's ZIP codes.

Context

The Lake Wales housing market has cooled over the past year. The typical home value in Lake Wales was $247,734 as of September 2026, down 1.6% from a year earlier. Buyers have room to negotiate, with homes spending a median of 80 days on the market. There were 214 homes for sale and 66 new listings in September 2026, and the median list price stood at $292,275. Notably, 20.9% of listings had a price cut, a sign that some sellers started too high. For a homeowner thinking about selling, realistic pricing from day one matters more than it did in a faster market.

The numbers

What is the housing market like in Lake Wales, FL?

Typical home value

$248K

Down1.6%YoY

Median list price

$292K

Days on market

80

Homes for sale

214

Price cuts

20.9%

New listings

66

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Lake Wales's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Lake Wales, FL home prices over time

Typical home values in Lake Wales, FL are down 1.6% over the past year, from $252K in September 2025 to $248K in September 2026.

Typical home value in Lake Wales, FL, September of each year
MonthTypical value1-yr change
September 2026$247,734-1.6%
September 2025$251,759No prior year

Typical value is the median Zillow Home Value Index across Lake Wales ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Lake Wales, FL a buyer's or seller's market?

Lake Wales, FL leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 80 days on market and 21% of listings with a price cut in the typical Lake Wales ZIP code, and 66 new listings against 214 active listings across Lake Wales, as of September 2026 (Realtor.com).

The outlook

Lake Wales housing market forecast 2027

-1.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Lake Wales ZIP codes, points to typical home values falling 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in Lake Wales fell 1.6%, per the Zillow Home Value Index.

Will home prices drop in Lake Wales?

The forecasts point that way: a weighted average of Zillow's ZIP forecasts for Lake Wales shows typical home values falling 1.1% by September 2027, after a 1.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Lake Wales ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Lake Wales?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Lake Wales, FL home prices.

How much is a home in Lake Wales worth?

The typical home value in Lake Wales was $247,734 as of September 2026, down 1.6% over the past year. This is a citywide figure, so an individual home may be worth more or less.

How long does it take to sell a home in Lake Wales?

Homes in Lake Wales spent a median of 80 days on the market as of September 2026. Pricing correctly matters, since 20.9% of listings had a price cut.

How much competition is there among sellers in Lake Wales?

There were 214 homes for sale in Lake Wales as of September 2026, with 66 new listings added. The median list price was $292,275.

Are home prices going up or down in Lake Wales, FL?

Typical home values in Lake Wales, FL are down 1.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Lake Wales, FL a buyer's or seller's market?

Lake Wales, FL leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 80 days on market and 21% of listings with a price cut in the typical Lake Wales ZIP code, and 66 new listings against 214 active listings across Lake Wales, as of September 2026 (Realtor.com).

Nearby markets

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