33898 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Polk County
Centroid: Latitude 27.9, Longitude -81.535
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 33898 has segments in 2 Counties (Osceola, Polk).

Businesses Addresses: 180
PO Box Addresses: 0
Residential Addresses: 8,631

Multi-Family Addresses: 1,275
Single Family Addresses: 7,356

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Lake Wales, FL 33898 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	17,540 (100%)
Population in Households	17,540 (100.0%)
Population in Families	14,099 (80.4%)
Population in Group Quarters¹	0
Population Density	83
Diversity Index²	63


INCOME
Median Household Income	$50,799
Average Household Income	$70,920
% of Income for Mortgage⁴	30%
Per Capita Income	$29,694
Wealth Index⁵	64
Socioeconomic Status Index⁶	Low (44.0)

HOUSING
Total HU (Housing Units)	9,953 (100%)
Owner Occupied HU	5,791 (58.2%)
Renter Occupied HU	1,553 (15.6%)
Vacant Housing Units	2,609 (26.2%)
Median Home Value	$245,083
Average Home Value	$279,865
Housing Affordability Index³	83

HOUSEHOLDS
Total Households	7,344
Average Household Size	2.39
Family Households	4,718
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Wales, FL 33898 - Peer Comparisons by Rank and Percentile

The table below compares 33898 to the other 984 ZIP Codes in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.83%	1.19%
Households	0.74%	1.11%
Families		0.97%
Median Household Income		3.33%
Per Capita Income		3.37%
Owner Occupied HU		1.75%

Variable Description	Rank	Percentile
Total Population	# 562	43rd
Population Density	# 823	17th
Median Household Income	# 820	17th
Housing Affordability Index	# 558	57th
Per Capita Income	# 721	27th
Diversity Index	# 463	53rd

33898 ZIP Code Profile, Map, Data & Demographics

ZIP Code 33898: Basic Data & USPS Preferred City Name

Lake Wales, FL 33898 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Wales, FL 33898 - Peer Comparisons by Rank and Percentile

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