Home values, rents and more in ZIP code 33898 (Lake Wales, FL)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 33898 in ProMap- Under $250k
- $250k–$270k
- $270k–$300k
- $300k–$340k
- $340k+
- No data
How 33898 compares
The typical home in ZIP code 33898 (Lake Wales, FL) is worth about $248,000, according to the Zillow Home Value Index for September 2026. Home values in 33898 are 16% below the typical value in the Lakeland metro area ($296,000) and 32% below the U.S. typical value ($366,000).
Over the past year, home values in 33898 fell 1.6%, compared with −2.2% in the Lakeland metro area and +1.2% nationally.
Typical rent is $1,565 a month (Zillow Observed Rent Index), 14% below the Lakeland metro area ($1,814) and 19% below the U.S. ($1,932).
The median household income is $57,224, against $65,978 in the Lakeland metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 18,527 people live in 33898 (American Community Survey 2020–24).
33898 has the 10th-lowest typical home value of the 34 ZIP codes in the Lakeland metro area and the 145th-lowest of 924 in Florida with Zillow figures.
Part of: Lake Wales, FL · Polk County, FL · Lakeland metro area · Florida
More for 33898 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.