LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,700
Monthly Cash Flow
$73
Principal + Equity
$2,068
Annual Total Gain
$25,683
Cash on Cash
1.43%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Retire in Florida
#304out of 660 markets
Most Diverse Places to Live in Florida
#219out of 1195 markets
Places with the Lowest Cost of Living in Florida
#209out of 1193 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lake Wales, FL.
As of September 2021, Lake Wales, FL does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed on any updates from the local government.
Investors should also consider the potential impact of STRs on the community and neighborhood where the property is located. Some factors to consider include noise levels, parking availability, and the overall impact on the quality of life for permanent residents in the area.
Additionally, investors should be aware of any homeowner association (HOA) rules or restrictions that may prohibit or limit the use of the property for short term rentals. It is important to thoroughly review any HOA documents before purchasing a property for this purpose.
Overall, investors should conduct thorough research and due diligence before investing in a property for short term rental in Lake Wales, FL to ensure compliance with any existing regulations and to minimize potential risks.
Market Trends Over Time
Explore 25 years of market data for Lake Wales, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lake Wales, FL.
The LTR Genie Score of Lake Wales, FL is 64, indicating a moderate level of rentability for long-term rental investments. The STR Genie Score is 51, suggesting a lower level of rentability for short-term rental or Airbnb investments. The LTR Net ROI of 41.96% is higher than the STR Net ROI of 39.08%, indicating that long-term rental investments may offer a better return on investment in this market. The 1-Year Price Appreciation Forecast of 0.88% suggests a stable market with modest growth potential. The low STR Occupancy rate of 45.16% may indicate lower demand for short-term rentals in Lake Wales.
Lake Wales, FL is a small city located in central Florida, known for its historic downtown area and proximity to natural attractions like Lake Kissimmee State Park. The real estate market in Lake Wales offers a mix of affordable housing options, making it an attractive location for investors looking for long-term rental properties. However, the lower STR Genie Score and occupancy rate may indicate that short-term rental investments may not be as lucrative in this market.
Overall, based on the metrics provided, Lake Wales, FL appears to be more attractive for long-term rental investments rather than short-term rentals. Investors may find better returns and stability in the long-term rental market in Lake Wales, with the potential for steady rental income and appreciation over time. It is recommended for real estate investors to conduct further research and due diligence to determine if Lake Wales aligns with their investment goals and strategy.
