Is Lake Wales, FL a good place to invest in rental property?

Lake Wales, FL has a median modeled monthly cash flow of $-394 and a median cap rate of 4.3%, on a median sold price of $247,990. Prices changed n/a year over year.

What is the average cap rate in Lake Wales, FL?

The median cap rate across recently sold homes in Lake Wales, FL is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake Wales, FL?

The median sold price in Lake Wales, FL is $247,990 (about $147 per square foot).

Investing in Lake Wales, FL Real Estate

A data-driven snapshot of the Lake Wales, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$247,990Median sold price

$147Median $/sqft

4.3%Median cap rate

$-394Modeled cash flow / mo

—Appreciation YoY

78.6Months of supply

884Active listings

135Sold (last 12 mo)

What the Lake Wales numbers say

In Lake Wales, FL, the median home sold for $247,990 (about $147 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-394 of monthly cash flow. Inventory sits at about 78.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 9 fix-and-flip deals in Lake Wales — listings where the estimated after-repair value beats list price + rehab.

Other Florida markets to compare

See Lake Wales cash-flowing listings

CashFlowRE ranks every for-sale home in Lake Wales, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lake Wales deals, or browse the national market data.