Market Summary

Lake Wales, Polk County, FL

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Median Home Price Price

$242,904 $242.9K

Median Monthly Rent Rent

$1,423 $1.4K

GRM

14.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Polk County

Region Price Rent GRM Display
$310,074 $1,716 15.0x
$287,069 $1,428 17.0x
$226,231 $1,433 13.0x
$214,074 $1,090 16.0x
$278,728 $1,413 16.0x
$280,211 $1,493 16.0x
$267,055 $2,154 10.0x
$300,469 $1,376 18.0x
$258,521 $1,387 16.0x
$305,189 $1,352 19.0x
$303,303 $1,351 19.0x
$271,804 $1,274 18.0x

Home prices

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Monthly rent

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GRM

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Similar markets within FL outside of Polk County

Region Price Rent GRM Display
$463,301 $2,476 16.0x
$237,595 $1,190 17.0x
$331,867 $1,574 18.0x
$321,487 $1,835 15.0x
$291,959 $1,349 18.0x
$292,519 $1,498 16.0x
$290,240 $1,870 13.0x
$318,659 $1,488 18.0x
$316,567 $1,315 20.0x
$392,566 $2,358 14.0x
$294,041 $1,552 16.0x
$334,203 $1,544 18.0x
$371,503 $2,241 14.0x
$292,447 $1,560 16.0x
$343,492 $2,102 14.0x
$387,534 $2,038 16.0x
$350,776 $1,577 19.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of FL

Region Price Rent GRM Display
$270,904 $1,633 14.0x
$303,097 $1,779 14.0x
$366,131 $2,423 13.0x
$217,353 $1,503 12.0x
$248,939 $1,144 18.0x
$318,588 $1,921 14.0x
$272,140 $2,144 11.0x
$302,311 $2,308 11.0x
$262,873 $1,559 14.0x
$220,016 $1,238 15.0x
$291,918 $1,485 16.0x
$323,300 $1,501 18.0x
$315,981 $1,539 17.0x
$368,685 $2,350 13.0x

Home prices

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Monthly rent

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GRM

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Lake Wales

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Trend Insights

Median Rent in Lake Wales, FL is $1,423, with MoM change +$5 and YoY change +$1 pointing to positive momentum while volatility is low (std $10).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Lake Wales, FL.

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Metric
Base market Lake Wales, FL
Compare market Select a market
Delta vs base
Median rent
$1,423
N/A
Median price
$242,904
N/A
YoY change
+$1
N/A
Price-to-rent
14.2x
Data unavailable
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