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ZIP Code · FL

ZIP 33898

Pop. 18,527·Polk County·584th most expensive ZIP in Florida
Median rent (all units)
$1,643/mo
Year-over-Year
Stable
Month-over-Month
-4.8%
vs US Median
-$322
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 33898 · $1,643
More affordable than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,090
1 BR
$1,090
2 BR
$1,330
3 BR
$1,800
4 BR+
$2,230
Research median
$1,330/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$19,716/yr
At $1,643/mo median
Location
StateFL
CountyPolk County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -4.8% MoM), not inventory.
Demographics

Who lives here

ZIP 33898 (Lake Wales, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 18.4% of residents hold a bachelor's degree or higher.

Population
18,527
Median income
$57,224
Median age
48.2
Renters
12.6%
Age distribution
20.6%
14.2%
20.7%
14.2%
30.3%
Under 1820.6%
18–3414.2%
35–5420.7%
55–6414.2%
65+30.3%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
76.7%
17.4%
White76.7%
Black5.7%
Hispanic17.4%
Education (25+)
35.8%
34.2%
18.4%
No HS diploma11.5%
HS diploma35.8%
Some college34.2%
Bachelor's+18.4%
Housing tenure
87.4%
12.6%
Owner87.4%
Renter12.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 33898 in Lake Wales, FL has changed in 5 years

Income
$48,185 → $57,224
up 18.8%
Population
16,194 → 18,527
up 14.4%
Renter share
17.6% → 12.6%
-5.0 pts
Bachelor's+
16.7% → 18.4%
+1.7 pts
Median age
52.2 → 48.2
-4.0 yrs

Median household income climbed from $48,185 to $57,224 between 2021 and 2024, a 18.8% shift. Census counts show ZIP 33898 in Lake Wales, FL adding about 2,333 residents over the five-year window, up 14.4% on net. The renter share has eased from 17.6% to 12.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 33898

About renting in ZIP 33898

Last updated: June 22, 2026

ZIP code 33898 covers Lake Wales, FL. The median rent here is $1,643/mo as of June 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,330/mo.

At 34% of local median household income ($57,224/yr), ZIP 33898 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33898?

As of June 22, 2026, the median monthly rent in ZIP 33898 (Lake Wales, FL) is $1,643. This is based on aggregated data from public sources and community submissions.

How does ZIP 33898 rent compare to the US average?

ZIP 33898's median rent of $1,643/mo is $322 (16%) below the US national median of $1,965/mo.

How does ZIP 33898 compare to other ZIPs in Florida?

ZIP 33898 is among the more affordable ZIP codes in Florida, ranking #584 out of 669 ZIPs at $1,643/mo.

How much income do you need to rent in ZIP 33898?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,643/mo in ZIP 33898. The local median household income is $57,224/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33898?

Rent in ZIP 33898 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 33898 an affordable place to rent?

ZIP 33898 is considered moderate for renters. At $1,643/mo, rent takes approximately 34% of the local median household income ($57,224/yr). The standard benchmark is 30%. ZIP 33898 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 33898 residents rent vs. own?

According to Census data, approximately 12.6% of ZIP 33898 households are renters, while 87.4% are owner-occupied. ZIP 33898 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 33898 compare to the rest of Lake Wales?

ZIP 33898 is pricier than Lake Wales as a whole. At $1,643/mo, it's $57 above the Lake Wales citywide median of $1,586/mo.

When was rent data for ZIP 33898 last updated?

Rent data for ZIP 33898 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,643/mo, rent takes ~34% of ZIP 33898's median household income ($57,224/yr). The standard benchmark is 30%.

ZIP 33898 34%Benchmark 30%
State income taxNone
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Public schools near ZIP 33898 (Lake Wales, FL)

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