Housing market · ZIP 33898

Lake Wales, FL Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$250,865

3-month+0.4%

6-month+0.5%

12-month-2.5%

Touse 12-month forecast

-1.0%

Projected median near $248,337 over the next 12 months

As of April 2026, the median home value in Lake Wales, FL (ZIP 33898) is $250,865. Prices are falling, down 2.5% over the past year. Touse's model projects a -1.0% change over the next 12 months, putting the median near $248,337.

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Nearby areas in Polk

Lakeland 33801 Lakeland 33802 Lakeland 33803 Lakeland 33804 Lakeland 33805 Lakeland 33806 Lakeland 33807 Lakeland 33809

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.