Frostproof's housing stock is tied to its lakes and citrus heritage. Lakeside and canal-front homes, many with private docks or water views, are a defining feature, while inland neighborhoods offer older Florida cottages, modest single-family homes, and some manufactured housing. Larger parcels and grove-adjacent acreage appear at the city's edges and in the surrounding countryside. The result is a low-density, affordable-feeling mix that appeals to buyers seeking lake access, rural character, or a slower Central Florida setting rather than a conventional subdivision environment.

Frostproof's residential areas cluster around its lakes and a compact commercial core. The Lake Reedy and Lake Clinch shorelines host many of the community's lakefront homes, while the small downtown area near the civic buildings provides local shops and services. Neighborhoods extend into surrounding grove land and open countryside, blending town and rural living. This lake-centered layout gives much of the community easy access to water, parks, and fishing from home.

Frostproof offers a quiet, rural small-town lifestyle grounded in citrus and lakes. Daily life centers on lakeside recreation, community gatherings, and the rhythms of a close-knit Polk County community. Residents value the town's self-contained character, with fishing, boating, and lakefront leisure as everyday pastimes. The surrounding citrus groves and open countryside reinforce a slower pace, while nearby Lake Wales and Winter Haven provide access to larger retail, dining, and cultural amenities without sacrificing the small-town setting.

Frostproof is served by Polk County Public Schools, one of Florida's larger districts. The community is home to Frostproof Middle-Senior High School, and nearby Lake Wales offers additional public and charter options, including Lake Wales Charter Schools. Elementary students attend campuses in and around the Frostproof area. Households should confirm school assignments by address, as boundaries vary across the district's southern Polk County schools.

Frostproof lies in southern Polk County, reached via State Road 17, which runs through the community, while U.S. Highway 27 provides the main north-south corridor just to the west. Lake Wales is roughly ten miles to the north, and the broader Lakeland–Winter Haven area is within a regional drive. The city's rural setting means car travel is the primary means of getting around, with Tampa and Orlando both accessible via the larger Central Florida highway network.

Lake Reedy and Lake Clinch anchor Frostproof's recreation. Lake Reedy offers a public fishing pier and boat access, with a reputation for bass fishing, while Lake Clinch Park provides lakeside green space for picnics and water activities. The city maintains parks and sports facilities, including a softball field near Lake Reedy, and the surrounding Polk County countryside offers opportunities for boating, fishing, and outdoor exploration. The lakes give residents everyday access to the water that defines the community.