Lake Wales lies near the center of the Florida peninsula where home prices are quite a bit lower than coastal properties.
Home prices here got hit hard during the housing bust. But values are coming back and the really exceptional deals might not last too much longer: Zillow is predicting gains of about 7% over the 12 months ending next September.
This home, which is well above the local median price but still a deal for what you get, sits on a third of an acre lot and features an in-ground pool.
For further information: Trulia
