Market Intelligence · FL / Lake Wales

Lake Wales, FL 33853 Housing Market

The typical home value in Lake Wales, FL 33853 is $219,472, down 2.2% over the past year as of September 2026. The median list price sits at $251,500, and homes are taking a median of 80 days to sell. That gap between asking prices and actual values is worth watching if you plan to sell.

Updated September 2026Median value$219K

The median home value in Lake Wales, FL 33853 is $219K as of September 2026, down 2.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 33853 range

$202K to $237K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.2% over 12 months

Sep 2025$224K

Low $219KHigh $224K

Sep 2026$219K

The numbers

What is the 33853 housing market like?

As of September 2026

Typical home value

$219K

2.2%YoY

Median list price

$252K

1.8%MoM

Days on market

7.0%MoM

Homes for sale

9.1%MoM

Price cuts

20.9%

35.0%MoM

New listings

10.0%MoM

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

The outlook

33853 housing market forecast 2027

-1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33853 to fall 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 33853 fell 2.2%, per the Zillow Home Value Index.

Will home prices drop in 33853?

Zillow's forecast says they may: it expects typical home values in 33853 to fall 1.2% by September 2027, after a 2.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 33853 home prices compare?

33853$219,472
Lake Wales$247,734
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Wales: 3 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Lake Wales, FL 33853 had 60 homes for sale, with 18 new listings hitting the market that month. The median list price is $251,500, while the typical home value is $219,472, down 2.2% over the past year. Homes are moving slowly, with a median of 80 days on market, and 20.9% of listings have taken a price cut. Sellers are clearly testing higher prices than buyers are willing to pay, and many are adjusting downward. If you are thinking about selling, realistic pricing from day one matters more than usual in this market.

Monthly payment

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Home price

Down payment20% · $43,894

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Common questions

What people ask us.

How much is a home in 33853 worth?

The typical home value in Lake Wales, FL 33853 is $219,472 as of September 2026, down 2.2% over the past year.

How long does it take to sell a home in 33853?

Homes in 33853 spend a median of 80 days on the market as of September 2026.

Are sellers in 33853 cutting prices?

Yes. As of September 2026, 20.9% of listings in 33853 had a price cut, with a median list price of $251,500.

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Nearby ZIP markets.

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