Lake Alfred, FL 33850 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Alfred, FL—33850

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$306,000

3.0% YoY Growth

Household Income

$53,900

26.0% YoY Growth

Days on Market

114

2.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$2,000

8.7% YoY Growth

1-Bed Rent

$1,120

6.8% YoY Growth

2-Bed Rent

$1,420

15.1% YoY Growth

3-Bed Rent

$1,920

6.6% YoY Growth

Home Price Trends — Lake Alfred, FL

As of Dec '25, the median home price in Lake Alfred, FL is $306,000, with a year-over-year change of -3.0%. This indicates that home prices in Lake Alfred, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$306,000	-3.0%
Single Family	$306,000	-2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Alfred, FL

As of July '25, Rentcast reports the average rent in Lake Alfred, FL is $1,900, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Lake Alfred, FL is 1-bedrooms: $1,100, 2-bedrooms: $1,290, 3-bedrooms: $1,840, 4-bedrooms: $2,210. The most common rental property sizes in Lake Alfred, FL are 2-bedroom and 1-bedroom, accounting for 63.2% and 13.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$1,900
Studio Rent	N/A	N/A
1 Bed Rent	$1,120	$1,100
2 Bed Rent	$1,420	$1,290
3 Bed Rent	$1,920	$1,840
4 Bed Rent	$2,140	$2,210

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% of Rental Stock

Studio

9.3%

1 Bedroom

13.8%

2 Bedrooms

63.2%

3 Bedrooms

6.9%

4 Bedrooms

6.9%

Property Listings — Lake Alfred, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lake Alfred, FL is 106. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$370,000	3.0%
Listing Count	122	-1.0%
Listings as % of Homes	1.0%	-1.0%
Days on Market	114	2.0%

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Demographics — Lake Alfred, FL

As of the latest ACS Survey released in 2023, Lake Alfred, FL has a population of 9,820, which has increased by 25.9% over the past 5 years. Lake Alfred, FL is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,820	25.9%
% Under 18	18.5%	-20.3%
% Seniors	24.2%	-2.0%
% WFH	13.1%	244.7%
% w/ College Degree	24.1%	41.8%

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As of the latest ACS Survey released in 2023, Lake Alfred, FL is a predominantly white area, with 53.9% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Lake Alfred, FL is hispanic, making up 24.2% of the population. Foreign-born residents account for 14.5% of the population in Lake Alfred, FL, and this percentage has increased by 23.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	53.9%	-9.1%
% Black	10.8%	-49.8%
% Hispanic	24.2%	76.6%
% Asian	9.1%	658.3%
% Foreign Born	14.5%	23.9%

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Mortgage and Risk — Lake Alfred, FL

According to HUD data as of 2023, there were 164 mortgage originations in Lake Alfred, FL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Lake Alfred, FL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	164
% Conventional Loans	52.0%
% Government Loans	48.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Lake Alfred, FL

As of 2024, the percent of homes in Lake Alfred, FL under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lake Alfred, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	43
Total Units Section 8	43
% Rentals under Section 8	4.3%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$200	$1,120	$920
2 Bedroom	-$290	$1,420	$1,130
3 Bedroom	-$400	$1,920	$1,520
4 Bedroom	-$230	$2,140	$1,910

Lake Alfred, FL—33850

Key Metrics at a Glance

Home Price Trends — Lake Alfred, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Alfred, FL

% of Rental Stock

Property Listings — Lake Alfred, FL

Demographics — Lake Alfred, FL

Race and Ethnicity

Mortgage and Risk — Lake Alfred, FL

Mortgages

Rentals and Section 8 — Lake Alfred, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Alfred, FL

Home Price to Income Ratio

Lake Alfred, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Winter Haven, FL

Auburndale, FL

Lake Hamilton

Winter Haven, FL

Eagle Lake, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$306,000
Median Household Income	$53,900

Lake Alfred, FL—33850

Key Metrics at a Glance

Home Price Trends — Lake Alfred, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Alfred, FL

% of Rental Stock

Property Listings — Lake Alfred, FL

Demographics — Lake Alfred, FL

Race and Ethnicity

Mortgage and Risk — Lake Alfred, FL

Mortgages

Rentals and Section 8 — Lake Alfred, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Alfred, FL

Home Price to Income Ratio

Lake Alfred, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Winter Haven, FL

Auburndale, FL

Lake Hamilton

Winter Haven, FL

Eagle Lake, FL

Frequently Asked Questions

What is the average home price in Lake Alfred, FL 33850?

How have home prices in Lake Alfred, FL 33850 changed over the past year?

What is the home price projection for Lake Alfred, FL 33850?

What are the demographics of Lake Alfred, FL 33850?

How long does it take homes to sell in Lake Alfred, FL 33850?

What is the average rent price in Lake Alfred, FL 33850?