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Lake Wales Florida Real Estate By Jennifer Hershey

Lake Wales Florida Real Estate

Lake Wales, Florida, is located in Polk County, 32 miles E of Lakeland, Florida and 167 miles S of Jacksonville, Florida. Lake Wales has a population of 10,194.

Lake Wales Homes

Lake Wales properties pool is 3,992 residential properties including Lake Wales new homes. Median age of real estate in Lake Wales is 1972. Average Household size is 3.06 people. 4% are one bedroom homes, 29% are 2 bedroom homes, 55% are 3 bedroom homes, 12% are 4 bedroom homes, and 0% are 5+ bedroom homes.

Lake Wales Mortgage Statistics

Lake Wales mortgages vs. USA median statistics

Homes Lake Wales USA
Homes With No Mortgage 40%
30%
Homes With Mortgage 60%
70%
First Mortgage Only 50%
54%
First & Second Mortgage or HELOC 10%
16%

Lake Wales Area Real Estate Tax

Lake Wales Real estate Tax: Median Real Estate Taxes (2000) were $712 comparing to 1999 Median Family income $ 33,029. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Lake Wales School District: Children make up 26.9% of Lake Wales population. Lake Wales has 2,743 under 18 years old residents, or 0.72 kids per one worker, or 0.69 kids per one household.

Lake Wales Real Estate & Lake Wales Homeownership

There are 1237.52 or 31% one person households, 1317.36 or 33% two person households, and 558.88 or 14% three person households in Lake Wales, Florida. Median residents age is 36.9, Senior citizens (65+) make up 2,059 or 20.2%% of Lake Wales population.

There are 3,810 workers (over 16 years of age) in Lake Wales. Of these, 90.68% drive to work. Approximately 1.55% of workers in Lake Wales take public transportation. An estimated 3.1% walk to work.

Median Lake Wales homeowner's housing expences are 17.5%

Crime in Lake Wales (2003), crimes per 10,000 residents per year

Type of Crime Lake Wales USA, 2003
Violent Crimes
78.48
47.5
Robberies
24.52
14.2
Aggravated Assaults
51.01
29.5
Property Crimes
835.79
358.8
Burglaries
199.14
74.0
Larceny-Thefts
574.85
241.5
Motor Vehicle Thefts
61.8
43.3

Invest in Lake Wales Properties

When making a decision about buying real estate in Lake Wales Florida area, you should consider following statistical data:

Category Lake Wales USA
Near Medium City
Lakeland, Florida
-
Near Large City
Jacksonville, Florida
-
Lake Wales Zip Codes
33853, 33859, 33867, 33898
-
Lake Wales Area Codes
863
-
White population
59.49%
75.1%
African-American population
34.59%
12.3%
Asian
0.51%
3.6%
American Indian & Alaskan
0.3%
0.9%
Hispanic (of any race)
9.95%
12.5%
Median Family Income (1999)
$ 33,029%
$42,000
Population Below Poverty Level
20.95%
12.4%

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