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Lake Wales city, FL

ZIP 33853 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33853

Median Home Value
$198,100
Median Rent
$813
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,273/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33853 in Lake Wales city, FL, a household would need roughly $55,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,273. That is about 34% above the local median household income ($40,938), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
55.8%-15% vs US avg
x
Vacancy Rate
14.2%+38% vs US avg
x
Broadband Access
81.3%-7% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
7.0%-46% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
40.6%-18% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$198,100
Home Value
$813
Rent
1974
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.2%
  • 1-unit attached1.9%
  • 2-9 units23.3%
  • 10+ units6.9%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$198,100
Median rent$813
Owner-occupied55.8%
Vacant14.2%
Price-to-income4.8x
Est. income to buy$55,000